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DALLAS - Arcosa , Inc. (NYSE:ACA) reported fourth quarter earnings that fell short of analyst expectations, sending shares down 1.9% in after-hours trading.
The infrastructure products provider posted adjusted earnings per share of $0.46, missing the consensus estimate of $0.81. Revenue came in at $666.2 million, below analyst projections of $692.68 million but up 14% YoY.
Arcosa’s fourth quarter results were impacted by higher depreciation and amortization expenses related to recent acquisitions, as well as an elevated tax rate. These factors reduced adjusted EPS by $0.40 in the quarter.
Despite the earnings miss, Arcosa reported strong cash flow generation, with operating cash flow of $248.2 million and free cash flow of $199.2 million in Q4. This allowed the company to pay down debt and reduce its leverage ratio to 2.9x net debt to adjusted EBITDA by year-end.
"2024 was a transformative year for Arcosa as we undertook strategic actions to enhance our growth businesses, reduce cyclicality, and drive margin expansion across the organization," said Antonio Carrillo, President and CEO.
For the full year 2025, Arcosa forecasts revenue between $2.8 billion and $3.0 billion, compared to $2.5 billion in 2024 excluding divested businesses. The midpoint of guidance implies about 16% year-over-year growth.
The company expects continued benefits from infrastructure-driven demand and recent acquisitions like Stavola in 2025, targeting 30% adjusted EBITDA growth at the midpoint of its outlook.
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