Arcosa, Inc. Provides Consolidated Earnings Guidance for the Year 2024
February 22, 2024 at 04:27 pm
Share
Arcosa, Inc. provided consolidated earnings guidance for the year 2024. For the year, the company expects consolidated revenues of $2.46 billion to $2.72 billion, compared to $2.31 billion in 2023. The company's forecast a 2024 revenue at the midpoint of guidance to be $2.59 billion, up 12% compared to 2023.
Arcosa, Inc. is a provider of infrastructure-related products and solutions. It operates through three segments: Construction Products, Engineered Structures and Transportation Products. Its Construction Products segment produces and sells natural and recycled aggregates, specialty materials, and construction site support equipment, including trench shields and shoring products. Its Engineered Structures segment manufactures and sells steel structures for infrastructure businesses, including utility structures for electricity transmission and distribution, structural wind towers, traffic structures, and telecommunication structures. Its Transportation Products segment manufactures and sells inland barges, fiberglass barge covers, winches, marine hardware, and steel components for railcars and other transportation and industrial equipment. It also manufactures concrete and steel poles for a range of infrastructure applications, including lighting, traffic, and electric distribution.