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Arcosa (ACA) investor relations material
Arcosa Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record 2025 revenues of $2.9 billion (up 12%–16% year-over-year), record Adjusted EBITDA of $583 million (up 30%–33%), and margin improvement to 20.2% (up 250–280 bps), driven by organic growth, Stavola acquisition, and strong performance in construction materials and engineered structures.
Double-digit organic Adjusted EBITDA growth led by utility structures and aggregates; lowest annual safety incident rate in company history.
Announced sale of Barge business for $450 million in cash, expected to close in Q2 2026, to focus on core growth businesses and reduce portfolio complexity.
Portfolio transformation continues, with focus on construction materials and engineered structures.
Financial highlights
FY 2025 revenues increased to $2.88–$2.9 billion; Adjusted EBITDA rose to $583 million; net income up 122% to $208 million; Adjusted EBITDA margin expanded to 20.2%.
Q4 2025 Adjusted EBITDA up 13% to $145 million; all segments contributed to double-digit revenue and Adjusted EBITDA growth.
Free cash flow for FY 2025 was $202 million; net debt to Adjusted EBITDA improved to 1.3x–2.3x at year-end.
Achieved leverage goal two quarters ahead of schedule.
Outlook and guidance
2026 revenue guidance: $2.95–$3.1 billion; Adjusted EBITDA: $590–$640 million, excluding barge divestiture.
Double-digit Adjusted EBITDA growth and margin uplift expected from core businesses, offsetting a temporary wind tower slowdown in 2026 with recovery in 2027.
CapEx for 2026 expected at $220–$250 million, with $70–$80 million for growth; net interest expense at $88–$90 million; effective tax rate at 17.5%–19.5%.
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