文章核心观点 - 公司Arcosa被评级机构Zacks上调至买入评级,这反映了公司未来盈利前景向好[1][4][6] - 评级上调主要基于分析师对公司未来盈利的预期上调[2][5][7][9][10] - 分析师预计公司2024财年每股收益将同比增长6.2%[9] - 评级上调意味着公司基本面有所改善,投资者应该看好公司的发展趋势[6][13] 根据相关目录分别进行总结 公司基本情况 - Arcosa是一家提供基础设施相关产品和服务的公司[9] 盈利预测 - 分析师预计公司2024财年每股收益将同比增长6.2%[9] - 过去3个月内,公司的盈利预测值已上调1.6%[10] 评级变化 - 公司被Zacks上调至买入评级,位于Zacks覆盖股票的前20%[1][4][13] - Zacks评级体系中,买入评级的股票占比为20%,体现了公司盈利预测上升的优势[11]

财务数据和关键指标变化 - 公司第一季度收入增长6%,扣除运费调整后增长9%,其中有机增长和并购贡献各占一半 [19][20][21] - 建材产品分部调整后EBITDA增长10%,主要得益于近期并购和特种材料业务的经营改善 [19][20][21] - 工程结构分部收入增长12%,但调整后EBITDA下降10%,主要受电力结构产品利润率下降和新工厂启动成本影响 [27][28] - 运输产品分部收入增长10%,调整后EBITDA增长32%,主要受驳船业务量和利润率提升 [31][32] 各条业务线数据和关键指标变化 建材产品 - 有机骨料销量小幅下降,但平均价格高单位数增长 [22][23] - 特种材料业务收入和利润大幅增长,主要受价格上涨和石膏业务量增加 [25] - 土方支护业务收入和利润小幅增长 [26] 工程结构 - 电力结构和风电塔架业务收入增长,但利润率下降,受产品组合变化和新工厂启动成本影响 [27][28] - 订单活动保持良好,电力结构和相关产品订单量超1倍 [29] 运输产品 - 驳船业务收入和利润大幅增长,受需求和价格上涨推动 [31][32] - 钢构件业务收入下降,受新车订单需求下降影响,但维修市场需求增加 [31] 各个市场数据和关键指标变化 - 基础设施投资、重工业、数据中心和多户型住房建设需求强劲,支撑建材产品需求 [41] - 单户型住房需求仍然疲软,但中期内预计人口迁移将支撑该市场 [41] - 电力和可再生能源基础设施投资增加,带动电力结构和相关产品需求 [42] - 内河驳船需求前景良好,特别是在运输量长期欠投资的散货驳船领域 [46][47] 公司战略和发展方向及行业竞争 - 公司通过并购和内生投资不断优化业务组合,建材产品占EBITDA比重从2018年的33%提升至60% [15] - 公司将继续通过并购和内生投资推动业务增长,并购管线保持健康 [39][40] - 风电塔架业务有望在未来2-3年内进入上升周期,公司正在逐步扩大产能以满足需求 [43][44][45] - 公司在内河驳船业务保持定价纪律,并将根据市场需求调整产品组合以提升效率和利润率 [46][47] 管理层对经营环境和未来前景的评论 - 公司第一季度业绩超预期,体现了业务组合的盈利能力 [9][10] - 虽然1月份受到不利天气影响,但2-3月份业绩显著改善,展现了公司业务的增长动能 [10] - 公司看好建材、电力结构和内河驳船等业务的长期发展前景,预计将持续推动公司整体业绩增长 [41][42][46] - 公司将继续通过内生和外延投资优化业务组合,提升抗周期能力 [39][40] 问答环节重要的提问和回答 问题1 **Ian Zaffino 提问** 询问新墨西哥风电塔架工厂的产能爬坡情况和盈利时间 [54][55][60][61][63] **Antonio Carrillo 回答** 新墨西哥工厂进展顺利,预计第二季度开始交付首批塔架,全年将逐步实现盈利,预计第四季度可达到盈亏平衡 [56][57][58][59][60][61][62][63] 问题2 **Brent Thielman 提问** 询问Ameron收购对公司工程结构业务的影响,以及未来几年该业务的整体增长前景 [72][73][78][79][80][81] **Antonio Carrillo 回答** Ameron收购能很好地补充公司的产品线,双方在技术和销售渠道上有很好的协同,预计将为工程结构业务带来积极影响 [73][74][75][76][77][78][79][80][81] 问题3 **Trey Grooms 提问** 询问建材产品业务的需求前景,特别是在私人市场方面是否有任何变化 [94][95][96][97][98][99] **Antonio Carrillo 回答** 公司看到大型基础设施项目和重工业需求持续增长,但住宅市场仍然疲软,公司将继续关注提价以应对成本压力,并在需求回升时获得双重利润增长 [96][97][98][99]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ . Commission File Number 1-38494 Arcosa, Inc. (Exact name of registrant as specified in its charter) Delaware 82-5339416 (State or Othe ...

Exhibit 99.1 News Release FOR IMMEDIATE RELEASE Arcosa, Inc. Announces First Quarter 2024 Results and Raises Full Year 2024 Guidance – First Quarter Revenues Up 9%, with Contribution From All Three Segments – Adjusted EBITDA Growth of 7%, Normalizing for the $22 Million Land Sale Gain in 2023 – Operating Cash Flow of $81 Million, Up 195% – Full Year 2024 Adjusted EBITDA Guidance Range Increased to $410 Million to $440 Million, Reflecting Recently Completed Ameron Acquisition and Solid First Quarter Results ...

Arcosa, Inc. (ACA) , a prominent provider of infrastructure solutions, has finalized the acquisition of Ameron Pole Products LLC from NOV Inc. (NOV) for $180 million. Ameron's acquisition enhances Arcosa's product offerings in traffic and telecom structures, marking the company's entry into the concrete and steel lighting pole market. Buyout Synergies Ameron, established in 1970, specializes in manufacturing concrete and steel poles for various infrastructure applications. With four strategically located ma ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell- side) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Arcosa (ACA) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Arcosa currently has an average brokerage ...

Arcosa, Inc. (ACA) inked a deal with NOV Inc. (NOV) to acquire Ameron Pole Products, LLC for $180 million. The purchase will be funded through cash and available revolver capacity. The move will enhance Arcosa's presence in key infrastructure markets and is expected to boost overall company margins. It also represents ACA's entry into the complementary concrete and steel pole lighting market, further expanding its position in traffic and telecommunication structures. The acquisition aligns with Arcosa’s str ...

DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa,” the “Company,” “We,” or “Our,”), a provider of infrastructure-related products and solutions, today announced that it has entered into a definitive agreement to acquire Ameron Pole Products, LLC (“Ameron”) from NOV Inc. (NYSE: NOV) for $180 million in cash. Founded in 1970, Ameron is a leading manufacturer of highly engineered, premium concrete and steel poles for a broad range of infrastructure applications, including lighting, traffic, electric ...

公司背景 - Arcosa公司宣布每股普通股派息$0.05[1] - Arcosa总部位于德克萨斯州达拉斯，是一家提供基础设施相关产品和解决方案的公司[2]

建筑产品行业 - 杂项行业受益于政府基础设施支出增加，公司如Masco Corporation、TopBuild Corp.、Advanced Drainage Systems, Inc.、Knife River Corporation和Arcosa, Inc.等将从维修和翻新项目增加、改善的住宅市场、运营卓越、地理和产品多元化策略、战略收购以及更高的基础设施投资中受益[1] - 行业主要包括制造商、设计师和分销商，提供家居装修和建筑产品，如天花板系统、门窗、地板和金属制品，以及解决老化基础设施问题的解决方案，主要是污水、水、能源、矿业和精炼行业的管道。公司还提供设备租赁服务给建筑和工业公司、制造商、公用事业、市政机构、业主和政府实体[2] - 行业参与者通过业务整合、系统实施、工厂/分支机构关闭、改善全球供应链和减少人员来实施强有力的节约成本举措，同时战略性投资于新产品、销售和支持服务、数字化解决方案和先进制造能力以增加收入[5]