ARCOSA Reports Record Earnings for Q2 of FY2023
August 7, 2023
🌥️Earnings Overview
ARCOSA ($NYSE:ACA) announced their FY2023 Q2 earnings results on June 30 2023, showing total revenue of USD 584.8 million, a decrease of 3.0% year-over-year. Net income was reported to be USD 40.9 million, a 4.9% increase from the same period in the prior year.
Price History
The company’s stock opened at $76.2 and closed at $76.0, a slight decrease of 0.1% from its previous closing price of 76.1. The earnings report highlights the success of ARCOSA‘s strategic investments and partnerships over the last quarter, which have enabled the company to deliver positive growth in both its top and bottom lines. ARCOSA’s strong performance was driven by improvements in its core businesses, including a focus on operational efficiencies, cost optimization initiatives, and the introduction of new products and services. The company also benefited from a favorable macroeconomic environment, which has seen increased demand for its services and products.
Overall, investors remain bullish on ARCOSA’s prospects as the company continues to make strategic investments that position it for long-term success. The company has already outlined plans to further expand its operations into new markets and continues to strive for excellence in its core businesses. With its excellent performance in Q2 of FY2023, ARCOSA is well-positioned to deliver strong returns to its shareholders in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Arcosa. More…
| Total Revenues | Net Income | Net Margin |
| 2.24k | 282.4 | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Arcosa. More…
| Operations | Investing | Financing |
| 218 | 103.3 | -202.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Arcosa. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.5k | 1.22k | 47.02 |
Key Ratios Snapshot
Some of the financial key ratios for Arcosa are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.0% | 0.6% | 17.3% |
| FCF Margin | ROE | ROA |
| 1.6% | 10.7% | 6.9% |
Analysis
GoodWhale has analyzed ARCOSA‘s fundamentals and given it a Risk Rating of Medium. This indicates that it is a moderate risk investment in terms of its financial and business aspects. We have detected 3 risk warnings in ARCOSA’s income sheet, balance sheet, and cashflow statement. To learn more about these risks, become a registered user of GoodWhale and view the full report with our detailed analysis. You’ll find a comprehensive overview of the company’s financials, and our unique insights into the company’s performance and prospects. More…
Peers
The company has a wide range of products and services that cover all aspects of infrastructure development, from design and construction to financing and operations. Arcosa Inc’s main competitors are Sterling Construction Co Inc, Trace SOP EOOD, BCPL Railway Infrastructure Ltd.
– Sterling Construction Co Inc ($NASDAQ:STRL)
Sterling Construction Co Inc is a construction company that specializes in the building of transportation infrastructure projects. The company has a market capitalization of $938.7 million as of 2022 and a return on equity of 19.94%. The company’s main operations are focused on the construction of highways, roads, bridges, and other transportation-related infrastructure projects.
– Trace SOP EOOD ($LTS:0M7W)
Trace SOP EOOD is a Bulgaria-based company engaged in the provision of software solutions. The Company offers a range of software products, including an accounting system, a human resources and payroll system, and a customer relationship management system, among others. Trace SOP EOOD has a market capitalization of 88.07M as of 2022, a return on equity of 3.34%. The company provides software solutions to businesses of all sizes, from small businesses to large enterprises. Trace SOP EOOD’s products are used by businesses in a variety of industries, including healthcare, manufacturing, retail, and government.
– BCPL Railway Infrastructure Ltd ($BSE:542057)
The market capitalization of BCPP Railway Infrastructure Ltd. as of 2022 was 729.99 million, with a return on equity of 9.17%. The company is engaged in the business of providing railway infrastructure services. It is a subsidiary of Bharat Cookware & Pressure Pipe Ltd.
Summary
ARCOSA reported total revenue of USD 584.8 million and net income of USD 40.9 million for the second quarter of 2023, a 3.0% decrease and a 4.9% increase respectively from the same period in the previous year. Investors may find this mixed earnings report encouraging, as it suggests that the company is continuing to make progress in spite of the current economic climate. The company’s strong income statement is likely to attract investor attention, as it indicates that ARCOSA is still a profitable business. Investors should keep a close eye on the company’s performance, as any changes in the market could have an impact on the company’s financials.
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