Arcosa (NYSE:ACA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$640.4m (up 8.2% from 3Q 2023).

• Net income: US$16.6m (down 53% from 3Q 2023).

• Profit margin: 2.6% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.34 (down from US$0.73 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Arcosa Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 63%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Arcosa.

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