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Aggregate business helps drive Arcosa’s first quarter

By |  May 3, 2021

Arcosa logo

Construction products revenues – including aggregate, specialty materials and other materials – jumped 3 percent at Arcosa in the first quarter to $153.2 million.

Higher volumes in the company’s legacy natural aggregate business, as well as revenues from acquisitions completed in the second half of 2020, drove the increase, Arcosa says.

The company’s overall first-quarter revenues were down 10 percent to $440.4 million.

“Our portfolio demonstrated further resilience as our first-quarter results came in better than expected due to strong performance from our construction products businesses,” says Antonio Carrillo, president and CEO at Arcosa. “Construction activity was robust, particularly in our key Texas markets, producing improved profitability. We finished the quarter with strong momentum, as better weather returned, helping to offset the negative impacts from Winter Storm Uri that broadly impacted our Texas and southern United States footprint in February.

Arcosa closed on its acquisition of StonePoint Materials – a top 25 U.S. aggregate producer – shortly after the first quarter came to an end.

“The recent StonePoint acquisition is an outstanding strategic fit for Arcosa, aligning with our strategy to expand our aggregates business in our current footprint and to enter new, attractive geographies,” Carrillo says.

Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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