Revenue up in Arcosa’s construction products

Arcosa’s third-quarter construction products revenue totaled $244.2 million, a 7 percent increase over last year’s third quarter.

The company says the increase was primarily due to strong organic pricing that was partially offset by lower overall volumes. 

Wet weather and cement availability that constrained ready-mixed concrete customers and delayed projects in certain markets contributed to the volume decline, Arcosa says. The company adds that deceleration in new, single-family residential construction activity contributed.

Adjusted earnings before interest, tax, depreciation and amortization in the construction products segment was $53.9 million in the quarter. That figure is relatively flat compared with 2021’s third-quarter mark. The total represents a 22.1 percent margin, slightly down from the 24 percent of a year earlier.

“During the quarter, overall construction activity was healthy, and the outlook for public infrastructure and nonresidential spending remains very positive,” says Antonio Carrillo, president and CEO of Arcosa. “Pricing momentum continued to be strong in the third quarter, offsetting inflationary cost pressures, leading to margins consistent with the second quarter.”