Quarterly ResultMay 1, 2026, 01:26 PM
Arcosa Divests Barge Business; Q1 EPS $0.77, Net Income +60%
AI Summary
Arcosa, Inc. reported strong first quarter 2026 results, with total diluted EPS increasing 60.4% to $0.77 and net income rising 60.2% to $37.8 million. The company completed the previously announced sale of its barge business on April 1, 2026, for approximately $450 million, with proceeds used to prepay $83.0 million of outstanding debt. Revenues from continuing operations grew 4.4% to $571.7 million, driven by increases in both the Construction Products and Engineered Structures segments. Additionally, Arcosa acquired a Florida-based natural aggregates business for $60 million in cash during March 2026.
Key Highlights
- Completed sale of barge business for approximately $450 million cash on April 1, 2026.
- Q1 2026 total diluted EPS increased 60.4% to $0.77 from $0.48 in Q1 2025.
- Q1 2026 net income rose 60.2% to $37.8 million from $23.6 million in Q1 2025.
- Q1 2026 revenues from continuing operations increased 4.4% to $571.7 million.
- Construction Products segment revenue grew 5.1% to $276.3 million in Q1 2026.
- Engineered Structures segment revenue increased 3.7% to $295.4 million in Q1 2026.
- Net cash provided by operating activities was $71.9 million in Q1 2026, up from $(0.7) million in Q1 2025.
- Repurchased $17.5 million in shares during Q1 2026, with $32.5 million remaining in the program.