Arcosa, Inc.

arcosa.com

What Do They Do?

Sells construction materials and site-support equipment to contractors, producers and rental dealers, and makes steel and concrete structures for utility and infrastructure markets.

How Do They Make Money?

For Construction Products, customers pay under normal commercial terms; custom wind towers and some utility structures are billed as work progresses, while other products are sold when accepted.

revenue

Segment	Share	How money arrives
Construction Products Sold outright	45% FY2022: 41%	Sold outright
Engineered Structures	41% FY2022: 45%
Transportation Products Sold outright	13% FY2022: 14%	Sold outright

Who Are Their Customers?

Construction materials buyers include concrete and asphalt producers, contractors, building-product makers, and state and local governments; trench-shoring equipment goes to rental dealers and contractors. Engineered structures serve utility, wind-power, highway and wireless-communications markets.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2023: 8% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in FY2025 and turned 6 cents into free cash flow.

Operating income, FY2025

12% of revenue

▲ +73% vs FY2024 ($197.6M, 8%)

Net income, FY2025

7% of revenue

▲ +122% vs FY2024 ($93.7M, 4%)

Free cash flow, FY2025

6% of revenue

▼ −44% vs FY2024 ($312.3M, 12%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +2%; vs $647.5M in Q2 FY2025
Net income: ▲ +450%; vs $59.7M in Q2 FY2025

Construction Products share of revenue vs 54.8% in Q2 FY2025

Jun 22, 2026 Agreed to merge with CRH Eligible shares would receive $150 in cash, subject to stockholder approval, regulatory clearance and other closing conditions.
Apr 1, 2026 Completed the sale of the inland barge business Sold it to Wynnchurch Capital for $450 million in cash; Arcosa plans to invest proceeds in core platforms and reduce debt.

Growing. Revenue grew 42% in 4 years, from $2B in FY2021 to $2.9B in FY2025, about 9% a year.

Added asphalt and paving The Construction Products business expanded from aggregates, specialty materials and site-support equipment to include asphalt mix and paving services through the Stavola acquisition.

Revenue over time

Construction Products Engineered Structures Transportation Products

$5B$2.5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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