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Construction products drive second quarter 2021 at Arcosa

By |  August 16, 2021

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Construction products-specific revenues increased 38 percent in the second quarter at Arcosa to $204.5 million, primarily driven, the company says, by the 2021 acquisition of StonePoint Materials.

The company says demand was generally stronger across its natural and recycled aggregate businesses serving construction end markets, but excessive second-quarter rainfall impacted sales volumes, especially Arcosa operations in Texas and along the Gulf Coast.

Revenues from Arcosa’s specialty materials businesses increased because of strong volumes in the company’s lightweight aggregate business and product lines serving building product end markets.

Arcosa’s companywide revenues were up 3 percent in the second quarter to $515.1 million.

“Our second-quarter results reflect the resilience of our portfolio of infrastructure businesses as we executed successfully and kept pace with last year’s record results despite some headwinds,” says Antonio Carrillo, president and CEO of Arcosa.

Arcosa says it continues to confront high steel prices, but that it’s been able to proactively raise prices across most of its steel manufacturing businesses to help mitigate the impact on margins.

“Overall, our key growth businesses – construction products and engineered structures – remain positioned well for the future,” Carrillo says. “While high steel pricing has curtailed order activity for some of our business lines, our outlook and longer-term fundamentals remain strong.”

Additionally, Arcosa announced that it acquired Arizona-based Southwest Rock Products in a $150 million deal.

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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