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Arcosa revenues up big in fourth quarter 2021

By |  February 25, 2022

Logo: Arcosa

Construction product revenues increased 42 percent in the fourth quarter at Arcosa, which notes that a variety of factors played into its late-2021 growth.

Specifically, Arocsa says two of its 2021 acquisitions – StonePoint Materials and Southwest Rock Products – contributed to construction product revenues increasing to $211.7 million in the fourth quarter.

Additionally, the company says strong volume and pricing gains in recycled aggregates, as well as improved demand conditions and higher raw material pricing in its shoring products business, paved the way to the revenue increases.

Led by favorable pricing, Arcosa says revenues in its legacy natural aggregates business increased year over year. Legacy volumes were up modestly, Arcosa adds, as healthy volume gains in most markets were partially offset by lower volumes in central and west Texas.

“2021 was an important year for Arcosa, marked by significant strategic progress as we continued to expand our construction products platform and benefited from our efforts to build a more resilient, higher-margin portfolio of infrastructure businesses,” says Antonio Carrillo, president and CEO of Arcosa. “I am very pleased that we delivered full-year 2021 adjusted EBITDA (earnings before interest, tax, depreciation and amortization) that matched 2020’s record level, overcoming significant cyclical challenges in our wind towers business and transportation products segment.

“We successfully managed inflationary pressures, including historically high steel prices, weather disruptions and the continued impacts of the pandemic, achieving strong revenue and profitability growth in both construction products and engineered structures,” Carrillo adds.

Looking ahead, Arcosa sees favorable demand drivers on the horizon for its businesses.

“Construction activity remained strong in the fourth quarter, particularly in our key Texas, Tennessee and Arizona markets, and we saw broad pricing gains across our natural and recycled aggregates platforms that create positive momentum for 2022,” Carrillo says. “Fourth-quarter order activity for utility and related structures continued to be healthy, and our backlog provides solid visibility for the year ahead.”

Carrillo also notes that Arcosa is encouraged by the recent decrease in steel prices.

Companywide, Arcosa’s fourth-quarter revenue was up 14 percent with companywide adjusted EBITDA up 17 percent. Companywide revenues were up 5 percent for all of 2021, Arcosa says, with adjusted 2021 EBITDA in line with the prior year.

Kevin Yanik

About the Author:

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

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