Arcosa (ACA) Q2 2026 earnings summary

Executive summary

• Entered into a definitive merger agreement with CRH Americas, Inc. for $150 per share in cash, expected to close in Q1 2027, pending regulatory and stockholder approval.

• Completed sale of barge business for $450 million, resulting in a pre-tax gain of $359.7 million and strategic exit from the Transportation Products segment.

• Revenues for Q2 2026 increased to $658.7 million, with Adjusted EBITDA up 5% to $145.9 million and margin expanding to 22.1%.

• Net income from continuing operations was $50.9 million; diluted EPS from continuing operations was $1.03.

• Adjusted net income reached $55.5 million; adjusted diluted EPS from continuing operations was $1.13, up 5% year-over-year.

Financial highlights

• Q2 2026 revenues: $658.7 million (+1.7% YoY); six months: $1,230.4 million (+3.0% YoY).

• Adjusted EBITDA margin improved to 22.1% from 21.5% YoY.

• Net income from continuing operations: $50.9 million for Q2 2026; $74.2 million for six months.

• Net income from discontinued operations (barge business): $277.6 million for Q2 2026.

• Diluted EPS from continuing operations: $1.03 for Q2 2026; adjusted diluted EPS: $1.13.

• Gross profit margin for Q2 2026: 23.6% (up from 23.2% YoY).

• Free cash flow from continuing operations was $(51.0) million, down from $16.8 million in the prior year quarter.

Outlook and guidance

• Construction Products demand remains healthy, supported by infrastructure spending, but single-family housing is pressured by higher interest rates.

• Engineered Structures backlog for utility structures up 49% YTD to $648.1 million; strong production visibility for 2026.

• Wind tower backlog at $537.4 million; 28% expected to be recognized in 2026, but future demand may be impacted by expiring tax credits.