olivLaw · US equity research
Arcosa, Inc. ACA
Fabricated Structural Metal Products · SIC 3440 · Vertical: Fabricated metal products (SIC 344x)
Arcosa is a provider of infrastructure products in North America, active in construction aggregates and in steel structures for power grids and wind energy. The company sold its barge business and agreed to be acquired by CRH for 150 dollars per share, a fact that matters for investors in the deal.
At the close of 22 Oct 2026, Arcosa, Inc. (ACA) stock was 149.15 USD (+0.08% on the day), with P/E 14.9 on diluted EPS of 9.98 USD over the last 12 months, beta 1.09, 52-week range 92.25–149.15 USD. Latest reported quarter (Q2 2026): revenue of 658.7 m USD (+1.7% YoY), net income of 328.5 m USD (+450.3% YoY), diluted EPS 6.67 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 82.0
- overbought (≥ 70)
- Bollinger (20, 2)
- 145.42 – 148.61
- above the upper band · %B 1.17 · band width 2.2%
- SMA 50 / 200
- 146.08 / 129.84
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.67 / 0.49
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +1.7% | −5.9% | +7.7 pp | — |
| 3 months | +2.8% | −4.6% | +7.4 pp | — |
| 6 months | +24.1% | +0.2% | +23.9 pp | — |
| Year to date | +40.3% | +7.4% | +32.9 pp | — |
| 1 year | +61.6% | +8.2% | +53.4 pp | −3.9% |
| 3 years | +117.4% | +68.4% | +49.0 pp | +57.8% |
| 5 years | +181.8% | +56.5% | +125.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 640.4 m | 666.2 m | 547.6 m | 647.5 m | 797.8 m | 716.7 m | 571.7 m | 658.7 m |
| Cost of revenue | 503.7 m | 537.3 m | 439.7 m | 497.2 m | 605.9 m | 552.9 m | 450.8 m | 503.0 m |
| Gross profit | 136.7 m | 128.9 m | 107.9 m | 150.3 m | 191.9 m | 163.8 m | 120.9 m | 155.7 m |
| SG&A | 82.4 m | 89.0 m | 71.0 m | 70.0 m | 82.2 m | 78.2 m | 75.8 m | 89.1 m |
| Operating income | 33.8 m | 43.2 m | 41.0 m | 82.0 m | 112.3 m | 79.0 m | 47.1 m | 84.3 m |
| Depreciation & amortisation | 45.2 m | 60.4 m | 51.7 m | 54.2 m | 56.2 m | 57.1 m | 53.5 m | 58.0 m |
| Interest expense | 15.8 m | 35.4 m | 28.3 m | 28.5 m | 27.1 m | 24.9 m | 24.0 m | 23.1 m |
| Pre-tax income | 19.1 m | 10.4 m | 14.4 m | 57.0 m | 87.1 m | 55.2 m | 24.6 m | 62.3 m |
| Income tax | 2.5 m | 18.1 m | 2.8 m | 6.5 m | 14.1 m | 3.1 m | 1.3 m | 11.4 m |
| Net income | 16.6 m | -7.7 m | 23.6 m | 59.7 m | 73.0 m | 52.1 m | 37.8 m | 328.5 m |
| Diluted EPS | 0.34 | -0.16 ≈ | 0.48 | 1.22 | 1.48 | 1.06 ≈ | 0.77 | 6.67 |
| Operating cash flow | 135.0 m ≈ | 248.2 m | -700.0 k | 61.2 m ≈ | 160.6 m ≈ | 120.0 m | 71.9 m | -11.2 m ≈ |
| Capex | 34.4 m | 53.3 m | 33.0 m | 27.8 m | 39.6 m | 64.2 m | 43.5 m | 58.8 m ≈ |
| Dividends paid | 2.4 m | 2.4 m | 2.5 m | 2.5 m | 2.5 m | 2.5 m | 2.4 m | 2.5 m |
| Share repurchases | — | — | 0 | 0 ≈ | — | — | 17.5 m | 0 ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 19 percentile of its own 31-quarter history (min 10.8, median 25.1, max 50.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.5 bn | 1.7 bn | 1.9 bn | 2.0 bn | 2.2 bn | 2.3 bn | 2.6 bn | 2.9 bn |
| Revenue YoY | −0.1% | +18.9% | +11.4% | +5.2% | +10.1% | +2.9% | +11.4% | +12.2% |
| Net income | 75.7 m | 113.3 m | 106.6 m | 69.6 m | 245.8 m | 159.2 m | 93.7 m | 208.4 m |
| Net income YoY | −15.6% | +49.7% | −5.9% | −34.7% | +253.2% | −35.2% | −41.1% | +122.4% |
| Diluted EPS | 1.54 | 2.32 | 2.18 | 1.42 | 5.05 | 3.26 | 1.91 | 4.24 |
| Diluted EPS YoY | −16.3% | +50.6% | −6.0% | −34.9% | +255.6% | −35.4% | −41.4% | +122.0% |
| net % | 5.2% | 6.5% | 5.5% | 3.4% | 11.0% | 6.9% | 3.6% | 7.2% |
| Free cash flow | 73.7 m | 273.4 m | 177.8 m | 81.4 m | 36.3 m | 57.5 m | 312.3 m | 175.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 214.6 m USD
- Financial debt
- 8.5 m USD
- Net debt
- -206.1 m USD
- Equity
- 2.6 bn USD
- Total assets
- 5.0 bn USD
- Debt / equity
- 0.00x
- Current ratio
- 2.20x
- ROE
- 8.2%
- ROA
- 4.2%
- FCF margin
- 6.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.9 bn | 2.0 bn | 2.2 bn | 2.3 bn | 2.6 bn | 2.9 bn | SEC (XBRL)· 27 Feb 2026verified |
| Cost of revenue | 1.6 bn | 1.7 bn | 1.8 bn | 1.9 bn | 2.1 bn | 2.2 bn | SEC (XBRL)· 27 Feb 2026verified |
| Gross profit | 382.0 m ≈ | 355.9 m ≈ | 411.1 m ≈ | 443.8 m | 515.2 m | 647.2 m | SEC (XBRL)· 27 Feb 2026verified |
| SG&A | 223.1 m | 256.0 m | 262.8 m | 261.1 m | 320.0 m | 307.1 m | SEC (XBRL)· 27 Feb 2026verified |
| Operating income | 151.8 m | 107.3 m | 349.0 m | 217.3 m | 197.6 m | 341.9 m | SEC (XBRL)· 27 Feb 2026verified |
| Depreciation & amortisation | 114.5 m | 144.3 m | 154.1 m | 159.5 m | 195.0 m | 223.0 m | SEC (XBRL)· 27 Feb 2026verified |
| EBITDA | 266.3 m ≈ | 251.6 m ≈ | 503.1 m ≈ | 376.8 m ≈ | 392.6 m ≈ | 564.9 m ≈ | SEC (XBRL)· 27 Feb 2026derived |
| Interest expense | 10.6 m | 23.4 m | 31.0 m | 28.1 m | 70.9 m | 108.8 m | SEC (XBRL)· 27 Feb 2026verified |
| Pre-tax income | 138.2 m | 83.6 m | 316.2 m | 195.9 m | 130.0 m | 241.3 m | SEC (XBRL)· 27 Feb 2026verified |
| Income tax | 31.6 m | 14.0 m | 70.4 m | 36.7 m | 36.3 m | 32.9 m | SEC (XBRL)· 27 Feb 2026verified |
| Net income | 106.6 m | 69.6 m | 245.8 m | 159.2 m | 93.7 m | 208.4 m | SEC (XBRL)· 27 Feb 2026verified |
| Diluted EPS | 2.18 | 1.42 | 5.05 | 3.26 | 1.91 | 4.24 | SEC (XBRL)· 27 Feb 2026verified |
| Weighted average diluted shares | 48.5 m | 48.6 m | 48.5 m | 48.7 m | 48.8 m | 49.0 m | SEC (XBRL)· 27 Feb 2026verified |
| Dividend per share | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | SEC (XBRL)· 27 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 95.8 m | 72.9 m | 160.4 m | 104.8 m | 187.3 m | 214.6 m | SEC (XBRL)· 27 Feb 2026verified |
| Receivables | 260.2 m | 310.8 m | 334.2 m | 357.1 m | 350.2 m | 412.6 m | SEC (XBRL)· 01 May 2026verified |
| Inventories | 276.8 m | 324.5 m | 315.8 m | 401.8 m | 359.9 m | 335.9 m | SEC (XBRL)· 01 May 2026verified |
| Current assets | 664.9 m | 767.9 m | 856.8 m | 912.0 m | 954.0 m | 1.1 bn | SEC (XBRL)· 27 Feb 2026verified |
| Property, plant & equipment, net | 913.3 m | 1.2 bn | 1.2 bn | 1.3 bn | 2.1 bn | 2.0 bn | SEC (XBRL)· 01 May 2026verified |
| Goodwill | 794.0 m | 934.9 m | 958.5 m | 990.7 m | 1.4 bn | 1.3 bn | SEC (XBRL)· 01 May 2026verified |
| Intangibles (excl. goodwill) | 212.9 m | 220.3 m | 256.1 m | 270.7 m | 338.3 m | 310.8 m | SEC (XBRL)· 27 Feb 2026verified |
| Total assets | 2.6 bn | 3.2 bn | 3.3 bn | 3.6 bn | 4.9 bn | 5.0 bn | SEC (XBRL)· 27 Feb 2026verified |
| Accounts payable | 144.1 m | 184.7 m | 190.7 m | 272.5 m | 237.3 m | 213.3 m | SEC (XBRL)· 01 May 2026verified |
| Short-term debt | 6.3 m | 14.8 m | 14.7 m | 6.8 m | 12.1 m | 8.5 m | SEC (XBRL)· 27 Feb 2026verified |
| Current liabilities | 310.3 m | 364.0 m | 367.7 m | 431.2 m | 516.0 m | 503.7 m | SEC (XBRL)· 01 May 2026verified |
| Total liabilities | 754.5 m | 1.2 bn | 1.2 bn | 1.2 bn | 2.5 bn | 2.3 bn | SEC (XBRL)· 27 Feb 2026verified |
| Equity | 1.9 bn † | 2.0 bn † | 2.2 bn † | 2.3 bn † | 2.4 bn † | 2.6 bn † | SEC (XBRL)· 27 Feb 2026verified |
| Shares outstanding at year end | 48.2 m | 48.3 m | 48.4 m | 48.6 m | 48.8 m | 49.0 m | SEC (XBRL)· 31 Oct 2025verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 259.9 m | 166.5 m | 174.3 m | 261.0 m | 502.0 m | 341.1 m | SEC (XBRL)· 27 Feb 2026verified |
| Capex | 82.1 m | 85.1 m | 138.0 m | 203.5 m | 189.7 m | 165.6 m | SEC (XBRL)· 27 Feb 2026verified |
| Free cash flow | 177.8 m ≈ | 81.4 m ≈ | 36.3 m ≈ | 57.5 m ≈ | 312.3 m ≈ | 175.5 m ≈ | SEC (XBRL)· 27 Feb 2026derived |
| Investing cash flow | -528.2 m | -570.3 m | 90.7 m | -285.8 m | -1.5 bn | -121.4 m | SEC (XBRL)· 27 Feb 2026verified |
| Financing cash flow | 123.7 m | 380.9 m | -177.5 m | -30.8 m | 1.1 bn | -192.4 m | SEC (XBRL)· 27 Feb 2026verified |
| Dividends paid | 9.8 m | 9.8 m | 9.8 m | 9.8 m | 9.7 m | 10.0 m | SEC (XBRL)· 27 Feb 2026verified |
| Share repurchases | 8.0 m | 9.4 m | 15.0 m | 13.8 m | 0 | 0 | SEC (XBRL)· 27 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 62 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
22 Oct 2026Source: olivLaw, closing series
Market cap: unavailable
The price is older than the freshness threshold; market indicators are unavailable.
Key indicators
Coverage and freshness
Score by group
- Quality60
- Growth36
- Balance sheet78
- Returns100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 90.00 – 305.87 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA90.00 – 139.01 (Mid 116.64)4 companies used · median multiple 9.7x · quartiles 7.3x – 11.7xGFF, JBI, VATE, VMI
- Peers: P/E185.85 – 305.87 (Mid 229.26)4 companies used · median multiple 23.0x · quartiles 18.6x – 30.6xGFF, JBI, PRLB, VMI
- Dividend discount (DDM)outside the aggregate2.63 – 3.53 (Mid 3.01)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 62/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 11.5% | 73 (on a fixed band) | 16% |
| Net margin · Quality | 17.9% | 100 (vs peers) | 10% |
| FCF conversion · Quality | 27.5% | 0 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 8.7% | 73 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | -5.7% | 0 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | -0.8x | 100 (vs peers) | 16% |
| Interest coverage · Balance sheet | 3.3x | 27 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 3.1x | 100 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | 7.3% | 100 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet78/100 · 3/3 factors with a value
- Growth36/100 · 2/2 factors with a value
- Quality60/100 · 3/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Arcosa, Inc. (ACA). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 2.9 bn USD in 2025; YoY growth 12.2%; net margin 17.9%; ROE 17.9%; net debt/EBITDA -0.8x.
The estimated value range is 137.92–222.44 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 62/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns, valuation. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 11.5%
- Net margin: 17.9%
- Revenue CAGR 3Y: 8.7%
- Net debt / EBITDA: -0.8x
- Current ratio: 3.1x
- Payout ratio (FCF): 7.3%
What contradicts it
- FCF conversion: 27.5%
- EPS CAGR 3Y: -5.7%
- Interest coverage: 3.3x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Fabricated metal products (SIC 344x) · same industry group (3-digit SIC) · compared with 9 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| VMIValmont Industries, Inc. | 7.6 bn | 15.1 | 30.8% | 12.1% | +0.7% | −4% / +81% |
| ACAArcosa, Inc. | 7.3 bn | 14.9 | 17.9% | 17.9% | +12.2% | +62% / +117% |
| GFFGriffon Corporation | 4.6 bn | 26.1 | 185.4% | 6.5% | −3.9% | +37% / +120% |
| PRLBProto Labs, Inc. | 1.5 bn | 44.2 | 5.1% | 6.0% | +6.4% | +24% / +74% |
| SMRNuscale Power Corporation | 1.0 bn | — | -13.0% | -6,817.0% | −15.0% | −78% / +58% |
| JBIJanus International Group, Inc. | 650.8 m | 19.8 | 6.0% | 3.7% | unavailable | −23% / −55% |
| IMSRTerrestrial Energy Inc. | 271.7 m | — | -36.8% | — | unavailable | −73% / unavailable |
| VATEInnovate Corp. | 67.8 m | — | — | -1.5% | +12.5% | −4% / −53% |
| TPCSTechprecision Corp | 50.7 m | — | -15.4% | -3.7% | −7.0% | +11% / −17% |
| MTENMingteng International Corporation Inc. | 7.3 m | — | -11.7% | -15.3% | +15.3% | −100% / unavailable |
1- and 3-year price returns: for ACA from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Arcosa is a provider of infrastructure products in North America, active in construction aggregates and in steel structures for power grids and wind energy. The company sold its barge business and agreed to be acquired by CRH for 150 dollars per share, a fact that matters for investors in the deal.
SWOT
Strengths
- Arcosa holds solid market positions in recycled aggregates, specialty materials and utility structures. Its aggregates reserves are considerable and well located. The company has a moderate leverage balance sheet.
- Backlog for utility structures has grown strongly, giving visibility into production. Recent acquisitions have extended the geographic footprint.
- The company received substantial cash from selling its barge business, which gives it financial flexibility.
Weaknesses
- Construction revenues are exposed to weather and seasonality. Residential demand is weak because of high interest rates.
- Free cash flow from continuing operations was negative in the second quarter of 2026 because of working capital. Administrative expenses have risen.
- The company relies on a limited number of suppliers for some raw materials and components, which can create vulnerabilities.
Opportunities
- Demand for grid infrastructure and data centers could grow. The company is evaluating capacity expansion for utility structures.
- Consolidation of the aggregates market offers acquisition opportunities. Recycled concrete is gaining ground because of resource scarcity.
- If the highway program reauthorization is completed, demand for aggregates and traffic structures could return to higher levels.
Threats
- Changes in tax policy may reduce demand for wind towers. The company has already seen lower orders in this segment.
- Severe weather can delay projects and reduce volumes. Energy and raw material costs could rise.
- The CRH transaction carries completion risks, including stockholder approval and regulatory clearance.
Risks
- Completion of the CRH mergerhigh
The transaction depends on stockholder approval and regulatory clearance. If these conditions are not met, the shares could remain listed and the strategy would need to be revisited.
- Wind energy policymedium
The removal of tax incentives could reduce orders for wind towers. The company has already reported a declining backlog.
- Seasonality and weathermedium
Rain and severe winters can reduce aggregates volumes and delay deliveries. The effect can be amplified by contracts with penalties for late delivery.
- Dependence on public fundingmedium
Revenues partly depend on government programs. Budget changes or delays in reauthorization can affect orders.
- Energy and raw material costslow
Higher energy and steel costs can reduce margins. The company says it has managed these pressures through pricing and cost control, but future outcomes are not certain.
Investment thesis
What would need to be true (bull case)
- If the CRH transaction closes, shareholders receive a fixed cash sum per share, which removes the company's execution risk.
- Record backlog for utility structures gives production visibility and supports segment growth if grid investment continues.
- The position in recycled aggregates and considerable reserves could support good margins, especially if unit costs stay under control.
What would break the thesis
- The transaction might not close if stockholders or regulators do not approve it, which leaves uncertainty over the situation.
- Wind tower backlog is declining, and tax changes may limit recovery in this segment.
- Free cash flow was negative in the second quarter, and transaction costs may weigh on results.
What to watch
- Completion of the CRH merger and the stockholder voteQ1 2027
- Development of the utility structures backlog2027
- Effect of tax changes on wind tower ordersnext 10-K
- Reauthorization of the federal highway program2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Arcosa, headquartered in Dallas, Texas, serves construction, engineered structures and transportation markets in North America. In fiscal 2025 revenues reached 2.9 billion dollars, up 12.2 percent, supported by the Stavola acquisition. The company says it aims to grow organically and through disciplined acquisitions in fragmented markets. 12
The Construction Products segment makes natural and recycled aggregates, specialty materials, asphalt and trench shoring equipment. The Stavola acquisition, for 1.2 billion dollars in cash, extended the company into the New York-New Jersey area. According to the annual report, about 45 percent of this segment's revenue comes from infrastructure construction. 1
In recent months Arcosa completed the sale of its barge business and announced a merger with CRH, which changes the company's structure. The Transportation Products segment is no longer reported separately after the sale. The company has also suspended financial guidance because of the transaction. 23
Segments
Market context
Arcosa's core markets are Texas and New Jersey, which represent about 35 and 20 percent of 2025 segment revenues. The aggregates industry is highly fragmented, with more than 5,000 producers nationwide, which makes consolidation through acquisitions relevant. The figures in this profile are based on the company's reports. 1
Demand in the grid segment is supported by grid modernization and rising electricity use linked to AI projects. Residential demand remains weak because of high interest rates. The wind tower market depends on tax rules, and recent legislation has narrowed incentives. 12
Trends
- Grid modernizationtailwind
Investment in grid hardening and connecting renewable energy supports demand for utility structures. Backlog grew sharply in 2026. If this investment continues, revenues in this segment could keep growing. 12
- Road infrastructuremixed
Federal infrastructure programs support demand for aggregates and traffic structures. However, reauthorization of the federal highway program remains uncertain. The company expects Congress to complete a new reauthorization or extend current funding. 1
- Wind energy tax policyheadwind
The OBBBA phases out incentives for wind towers, and new orders have slowed. The company says demand may be pulled forward before the incentives expire. The effect on the segment is negative in the short term. 12
- Weather and energy costsheadwind
Heavy rain reduced aggregates volumes in the second quarter of 2026, and energy costs rose. Weather and energy costs could continue to affect margins. 3
Competitive position
The US aggregates market includes more than 5,000 producers, and competition mainly takes place regionally. Transport costs limit delivery distances, so quarries close to demand have an advantage. For specialty materials, barriers are higher and competition is national. 1
In utility and wind structures, competition comes from specialised North American manufacturers. The company says it is a leading maker of wind towers in wind-rich regions. Price and delivery reliability are key factors. 1
- Regional aggregates producers
Local and regional companies that compete with Arcosa in the markets where it operates, according to the 10-K.
- National specialty materials producers
Suppliers that sell specialty materials nationwide, where entry barriers are higher.
- Utility structure manufacturers
North American makers of steel and concrete poles and structures for power grids.
- Wind tower manufacturers
North American competitors that supply wind towers, where demand depends on tax policy.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Arcosa Shareholders Approve $8.5B CRH Deal. Does the Vote De-Risk a First-Quarter 2027 Closing?Yahoo Finance — News · 10 Sept 2026 · EN
- CRH to Buy Arcosa in Building Materials Firm’s Biggest DealBloomberg Markets · 22 Jun 2026 · EN
- CRH Near Biggest-Ever Deal For Arcosa, Financial Times SaysBloomberg Markets · 21 Jun 2026 · EN
The latest news item in our archive is from 10 Sept 2026; the newest SEC filing is from 23 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report23 Oct 2026Termination of a material agreement · Acquisition or disposition of assets · Delisting notice · Item 3.03 · Item 5.01 · Departure or appointment of officers · Amendments to articles or bylaws · Financial statements and exhibits
- Current report04 Sept 2026Shareholder vote
- Quarterly report05 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Current report15 Jul 2026Item 1.04
- Current report22 Jun 2026Material agreement · Regulation FD disclosure · Financial statements and exhibits
- Current report05 Jun 2026Regulation FD disclosure · Financial statements and exhibits
- Current report15 May 2026Shareholder vote · Financial statements and exhibits
- Quarterly report01 May 2026
- Current report30 Apr 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Arcosa, Inc. · 27 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Arcosa, Inc. · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Arcosa, Inc. · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.