Form 8-K

8-K — Arcosa, Inc.

Accession: 0001739445-26-000064

Filed: 2026-04-30

Period: 2026-04-30

CIK: 0001739445

SIC: 3440 (FABRICATED STRUCTURAL METAL PRODUCTS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — aca-20260430.htm (Primary)

EX-99.1 (exh991earningsrelease33120.htm)

GRAPHIC (aca-20260430_g1.jpg)

GRAPHIC (image2a.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: aca-20260430.htm · Sequence: 1

aca-20260430

0001739445false00017394452026-04-302026-04-30

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): April 30, 2026

Arcosa, Inc.

__________________________________________

(Exact name of registrant as specified in its charter)

Delaware 1-38494 82-5339416

(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

500 N. Akard Street, Suite 400

Dallas, Texas 75201

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (972) 942-6500

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock ($0.01 par value) ACA New York Stock Exchange

Common Stock ($0.01 par value) ACA NYSE Texas, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operation and Financial Condition.

Attached as Exhibit 99.1 is the registrant’s earnings release for the first quarter of 2026, issued April 30, 2026. This release is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise incorporated by reference into any filing pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as otherwise expressly stated in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1

Arcosa, Inc. Earnings Release, dated April 30, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Arcosa, Inc.

(Registrant)

April 30, 2026

By: /s/ Gail M. Peck

Name: Gail M. Peck

Title: Chief Financial Officer

EX-99.1

Filename: exh991earningsrelease33120.htm · Sequence: 2

Document

Exhibit 99.1

News Release

FOR IMMEDIATE RELEASE

Arcosa, Inc. Announces First Quarter 2026 Results and Raises Full Year 2026 Guidance for Continuing Operations

–Delivered 10% Adjusted EBITDA Growth, Outpacing 4% Revenue Increase, Driven by Utility Structures Strength

–Expanded Adjusted EBITDA Margin for Continuing Operations by 100 Basis Points Through Disciplined Execution and Favorable Mix

–Raised Full-Year 2026 Adjusted EBITDA Guidance Based on Strong First Quarter Performance and Improved Visibility

–Advanced Portfolio Optimization and Strengthened Financial Flexibility With $450 Million Barge Divestiture

DALLAS, Texas - ARCOSA, Inc. - April 30, 2026:

Arcosa, Inc. (NYSE: ACA) (“Arcosa,” the “Company,” “We,” or “Our”), a provider of infrastructure-related products and solutions, today announced results for the first quarter ended March 31, 2026.

First Quarter 2026 Consolidated Highlights

Three Months Ended March 31,

2026 2025 % Change

($ in millions, except per share amounts)

Revenues(2)

$ 663.3 $ 632.0 5 %

Net income $ 37.8 $ 23.6 60 %

Adjusted Net Income(1)

$ 39.6 $ 24.0 65 %

Diluted EPS $ 0.77 $ 0.48 60 %

Adjusted Diluted EPS(1)

$ 0.81 $ 0.49 65 %

Adjusted EBITDA(1)

$ 121.3 $ 109.9 10 %

972.942.6500 arcosa.com

First Quarter 2026 Continuing Operations Highlights

Excludes results from the barge business in both periods

Three Months Ended March 31,

2026 2025 % Change

($ in millions, except per share amounts)

Revenues $ 571.7 $ 547.6 4 %

Income from continuing operations $ 23.3 $ 11.6 101 %

Adjusted Net Income from continuing operations(1)

$ 25.1 $ 12.0 109 %

Diluted EPS from continuing operations $ 0.47 $ 0.24 96 %

Adjusted Diluted EPS from continuing operations(1)

$ 0.51 $ 0.25 104 %

Adjusted EBITDA from continuing operations(1)

$ 102.9 $ 93.2 10 %

Adjusted EBITDA Margin from continuing operations(1)

18.0 % 17.0 % 100 bps

Net cash provided by operating activities - continuing operations $ 58.1 $ (21.1) N.M

Free Cash Flow(1)

$ 21.2 $ (49.1) N.M

N.M. - not meaningful

bps - basis points

(1) Non-GAAP financial measure. See reconciliation tables included in this release.

(2) On April 1, 2026, the Company completed the previously announced sale of its barge business. As of March 31, 2026, the assets and liabilities of the barge business have been classified as held for sale and the results of operations and cash flows have been classified as discontinued operations for all periods presented. To provide a more meaningful comparison, revenues in the First Quarter 2026 Consolidated Highlights above include barge revenues of $91.6 million and $84.4 million for the three months ended March 31, 2026 and 2025, respectively, which are presented “net” in income from discontinued operations, net of income taxes on the Consolidated Statement of Operations.

Antonio Carrillo, President and Chief Executive Officer, commented, “Our first quarter results reflect strong execution in our continuing businesses, with 10 percent growth in Adjusted EBITDA outpacing revenue growth. Performance in the quarter was led by robust growth and margin expansion in our utility structures business, which achieved record quarterly revenue and Adjusted EBITDA margin.

“Construction Products performed in line with expectations despite a slow start to the year driven by cold weather challenges, with performance improving as the quarter progressed. Despite seasonal headwinds, aggregates volumes improved 4 percent and unit profitability increased 7 percent, outpacing 2 percent pricing growth. In Engineered Structures, results exceeded our expectations, driven by accelerating demand tied to grid modernization and increased power needs. We converted this demand for utility structures into strong double-digit revenue growth, meaningful margin expansion, and record backlog, more than offsetting the expected decline in wind towers.

“In April, we took a pivotal step to further simplify our portfolio by divesting our barge business and allocating a portion of the proceeds to pay down debt, underscoring our commitment to balance sheet strength and financial flexibility. Now with two growth segments, we are fully focused on Construction Products and Engineered Structures, both well aligned to benefit from infrastructure investment and power market tailwinds in the U.S.”

972.942.6500

arcosa.com

2026 Outlook and Guidance

The Company updated its full year 2026 guidance to reflect continuing operations only as follows:

•Removed the full year contribution from the barge business included in the prior range, which was $410 million to $430 million for revenues and $70 million to $75 million for Adjusted EBITDA.

•Raised the guidance range for revenues and Adjusted EBITDA from continuing operations based on the strong performance in utility structures for the first quarter and increased confidence in the balance of the year.

Updated Guidance Previous Guidance

Revenues from continuing operations

$2.6 billion to $2.7 billion

$2.54 billion to $2.67 billion

Adjusted EBITDA from continuing operations $545 million to $585 million $520 million to $565 million

Carrillo concluded, “Based on our first quarter performance and improved visibility into the balance of the year, we are raising our full year 2026 guidance for continuing operations. Momentum in utility structures, solid execution across the business, and disciplined cost management give us confidence in our outlook. With a simplified portfolio and an attractive demand environment, we remain well positioned to deliver another year of strong financial performance and are confident in our ability to create long-term value for our shareholders.”

First Quarter 2026 Results and Commentary

All comparisons are versus the prior year quarter unless noted otherwise.

Construction Products

•Revenues increased 5% to $276.3 million primarily due to 5% growth in aggregates and a 26% increase in shoring products, partially offset by lower revenues in our asphalt business which was impacted by colder temperatures in the northeast during the seasonal low point.

•Aggregates Freight-Adjusted Revenues increased 6% supported by 4% volume growth and 2% Aggregates Freight-Adjusted Average Sales Price expansion.

•Aggregates Adjusted Cash Gross Profit Margin expanded 220 basis points to 43.3% and Adjusted Cash Gross Profit per Ton increased 7%.

•Adjusted Segment EBITDA decreased 2% to $55.7 million primarily due to the decline in the asphalt business and planned maintenance downtime in specialty materials which reduced cost absorption. The decrease was partially offset by the growth in aggregates and shoring products.

•Adjusted Segment EBITDA Margin decreased 150 basis points to 20.2% from 21.7% in the prior period. Freight-Adjusted Segment EBITDA Margin was 21.9% compared to 23.6% in the prior period.

972.942.6500

arcosa.com

Engineered Structures

•Revenues increased 4% to $295.4 million driven by a 15% increase in utility and related structures, partially offset by an expected decline in wind towers due primarily to lower volumes.

•Adjusted Segment EBITDA increased 21% to $62.4 million and margin expanded 300 basis points to a record 21.1% as the growth in our utility structures business continues to accelerate, more than compensating for the decrease in wind towers.

•Order activity for our utility structures business remains robust as our customers focus on improving and expanding the electrical grid. We ended the first quarter with record backlog for utility and related structures of $557.6 million, which is up 28% from the start of the year. We expect to recognize 73% of the backlog in 2026.

•During the first quarter, we received wind tower orders of $43 million for 2026 and 2027 delivery. The backlog for our wind towers business at the end of the quarter was $600.0 million, of which we expect to recognize 36% during 2026 and 59% during 2027.

Corporate and Other Financial Notes

•Excluding acquisition and divestiture-related costs, which have been excluded from Adjusted EBITDA, corporate expenses increased to $15.7 million from $15.3 million in the prior period primarily due to higher compensation-related costs.

•Acquisition and divestiture-related costs were $1.9 million in the first quarter compared to $0.8 million in the prior period.

•Interest expense totaled $24.0 million, a decrease of $4.3 million from the prior period primarily due to a reduction in outstanding debt year-over-year.

•The effective tax rate in the first quarter was 5.3% compared to 19.4% in the prior year. The decrease in the effective tax rate was primarily due to a one-time state tax benefit and a higher compensation-related benefit in the current period due to a change in timing of annual restricted stock vesting.

Cash Flow and Liquidity

•Total operating cash flow was $71.9 million during the first quarter, up from $(0.7) million in the prior period. Operating cash flow from continuing operations was $58.1 million compared to $(21.1) million in the prior period. The improvement for continuing operations was primarily due to higher earnings and a $52.9 million reduction in the use of cash for working capital.

•Capital expenditures for continuing operations in the first quarter were $43.5 million, up $10.5 million from the prior period which reflects increased investment in our core growth platforms.

•Free Cash Flow from continuing operations for the quarter was $21.2 million, up from $(49.1) million in the prior period.

•In March, as previously announced, we completed the acquisition of a central Florida-based natural aggregates operation for $60.0 million, which is included in the Construction Products segment.

•During the quarter we repurchased shares totaling $17.5 million, leaving $32.5 million remaining under our share repurchase program.

•In April 2026, the Company used $83.0 million of cash proceeds from the sale of the barge business to prepay a portion of the outstanding term loan balance.

•Net Debt to Adjusted EBITDA was 2.3x for the trailing twelve months. Pro forma for the sale of the barge business completed on April 1, 2026, Net Debt to Adjusted EBITDA was 1.9x.

•We ended the quarter with total liquidity of $853.2 million, including $153.2 million of cash and cash equivalents and full availability under our $700 million revolving credit facility.

972.942.6500

arcosa.com

Non-GAAP Financial Information

This earnings release contains financial measures that have not been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Reconciliations of non-GAAP financial measures to the closest GAAP measure are included in the accompanying tables to this earnings release.

Conference Call Information

A conference call is scheduled for 8:30 a.m. Eastern Time on May 1, 2026 to discuss first quarter 2026 results. To listen to the conference call webcast, please visit the Investor Relations section of Arcosa’s website at https://ir.arcosa.com. A slide presentation for this conference call will be posted on the Company’s website in advance of the call at https://ir.arcosa.com. The audio conference call number is 800-451-7724 for domestic callers and 785-424-1116 for international callers. The conference ID is ARCOSA and the passcode is 12329. An audio playback will be available through 11:59 p.m. Eastern Time on May 15, 2026, by dialing 800-839-5492 for domestic callers and 402-220-2551 for international callers. A replay of the webcast will be available for one year on Arcosa’s website at https://ir.arcosa.com/news-events/events-presentations.

About Arcosa

Arcosa, Inc. (NYSE:ACA), headquartered in Dallas, Texas, is a provider of infrastructure-related products and solutions with leading positions in construction materials and engineered structures. Beginning with the first quarter of 2026, Arcosa reports its financial results in two principal business segments: Construction Products and Engineered Structures. For more information, visit www.arcosa.com.

972.942.6500

arcosa.com

Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Arcosa’s estimates, expectations, beliefs, intentions or strategies for the future. Arcosa uses the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance,” “outlook,” “strategy,” “plans,” “goal,” and similar expressions to identify these forward-looking statements. Forward-looking statements speak only as of the date of this release, and Arcosa expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein, except as required by federal securities laws. Forward-looking statements are based on management’s current views and assumptions and involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations, including but not limited to assumptions, risks and uncertainties regarding the failure to achieve the expected benefits of acquisitions or divestitures; market conditions and customer demand for Arcosa’s business products and services; the impact of Arcosa's level of indebtedness; the cyclical nature of, and seasonal or weather impact on, the industries in which Arcosa competes; competition and other competitive factors; governmental and regulatory factors; changing technologies; availability of growth opportunities; market recovery; ability to improve margins; the impact of inflation and costs of materials; impacts from the Inflation Reduction Act and One Big Beautiful Bill Act; the delivery or satisfaction of any backlog or firm orders; the impact of pandemics on Arcosa’s business; the impact of tariffs; and Arcosa’s ability to execute its long-term strategy, and such forward-looking statements are not guarantees of future performance. For further discussion of such risks and uncertainties, see “Risk Factors” and the “Forward-Looking Statements” section of “Management's Discussion and Analysis of Financial Condition and Results of Operations” in Arcosa's Form 10-K for the year ended December 31, 2025 and as may be revised and updated by Arcosa's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

INVESTOR CONTACTS

Erin Drabek David Gold

VP of Investor Relations

ADVISIRY Partners

T 972.942.6500 T 212.661.2220

InvestorResources@arcosa.com David.Gold@advisiry.com

MEDIA CONTACT

Media@arcosa.com

TABLES TO FOLLOW

972.942.6500

arcosa.com

Arcosa, Inc.

Condensed Consolidated Statements of Operations(1)

(in millions, except per share amounts)

(unaudited)

Three Months Ended

March 31,

2026 2025

Revenues $ 571.7 $ 547.6

Cost of revenues 450.8 439.7

Gross profit 120.9 107.9

Selling, general, and administrative expenses 75.8 71.0

Other operating income (2.0) (4.1)

Operating profit 47.1 41.0

Interest expense 24.0 28.3

Interest income (1.6) (1.8)

Other nonoperating expense 0.1 0.1

22.5 26.6

Income from continuing operations before income taxes 24.6 14.4

Provision for income taxes 1.3 2.8

Income from continuing operations 23.3 11.6

Income from discontinued operations, net of income taxes 14.5 12.0

Net income $ 37.8 $ 23.6

Net income per common share:

Basic from continuing operations $ 0.47 $ 0.24

Basic from discontinued operations 0.30 0.24

Total basic $ 0.77 $ 0.48

Diluted from continuing operations $ 0.47 $ 0.24

Diluted from discontinued operations 0.30 0.24

Total diluted $ 0.77 $ 0.48

Weighted average number of shares outstanding:

Basic 49.0 48.7

Diluted 49.2 49.2

(1) On April 1, 2026, the Company completed the previously announced sale of its barge business. Accordingly, the assets and liabilities of the barge business were classified as held for sale as of March 31, 2026 and the results of operations and cash flows for the three months ended March 31, 2026 have been classified as discontinued operations. Results of prior periods have been recast to reflect these changes and present results on a comparable basis.

972.942.6500

arcosa.com

Arcosa, Inc.

Condensed Segment Data(1)

(in millions)

(unaudited)

Three Months Ended

March 31,

Revenues: 2026 2025

Aggregates $ 174.5 $ 165.3

Specialty materials and asphalt 70.4 73.2

Aggregates intrasegment sales (4.5) (4.1)

Total Construction Materials 240.4 234.4

Construction site support 35.9 28.4

Construction Products 276.3 262.8

Utility and related structures 225.4 195.8

Wind towers 70.0 89.0

Engineered Structures 295.4 284.8

Consolidated Total $ 571.7 $ 547.6

Three Months Ended

March 31,

Operating profit (loss): 2026 2025

Construction Products $ 14.9 $ 18.3

Engineered Structures 49.8 38.8

Segment Total 64.7 57.1

Corporate (17.6) (16.1)

Consolidated Total $ 47.1 $ 41.0

Backlog: March 31, 2026 December 31, 2025 March 31, 2025

Engineered Structures:

Utility and related structures $ 557.6 $ 434.9 $ 413.0

Wind towers $ 600.0 $ 627.8 $ 681.1

972.942.6500

arcosa.com

Arcosa, Inc.

Condensed Consolidated Balance Sheets(1)

(in millions)

(unaudited)

March 31, 2026 December 31, 2025

Current assets:

Cash and cash equivalents $ 153.2 $ 214.6

Receivables, net of allowance 413.9 412.6

Inventories 350.0 335.9

Current assets held for sale 164.1 93.7

Other 52.2 49.7

Total current assets 1,133.4 1,106.5

Property, plant, and equipment, net 2,101.9 2,045.3

Goodwill 1,342.7 1,329.0

Intangibles, net 304.5 310.8

Deferred income taxes 7.2 7.2

Non-current assets held for sale — 74.2

Other assets 112.6 112.2

$ 5,002.3 $ 4,985.2

Current liabilities:

Accounts payable $ 229.5 $ 213.3

Accrued liabilities 141.7 169.7

Advance billings 27.3 25.9

Current liabilities held for sale 83.1 86.3

Current portion of long-term debt 8.0 8.5

Total current liabilities 489.6 503.7

Debt 1,513.1 1,514.3

Deferred income taxes 254.0 230.8

Non-current liabilities held for sale — 2.9

Other liabilities 92.9 92.1

2,349.6 2,343.8

Stockholders' equity:

Common stock 0.5 0.5

Capital in excess of par value 1,716.5 1,710.0

Retained earnings 982.7 947.3

Accumulated other comprehensive loss (16.8) (16.4)

Treasury stock (30.2) —

2,652.7 2,641.4

$ 5,002.3 $ 4,985.2

972.942.6500

arcosa.com

Arcosa, Inc.

Condensed Consolidated Statements of Cash Flows(1)

(in millions)

(unaudited)

Three Months Ended

March 31,

2026 2025

Operating activities:

Net income $ 37.8 $ 23.6

Income from discontinued operations, net of income taxes 14.5 12.0

Income from continuing operations 23.3 11.6

Adjustments to reconcile net income to net cash provided (required) by operating activities:

Depreciation, depletion, and amortization 53.5 51.7

Stock-based compensation expense 6.3 6.4

Gain on disposition of assets and sale of businesses (2.0) (4.1)

Provision for deferred income taxes 9.5 0.9

(Increase) decrease in other assets 1.3 1.2

Increase (decrease) in other liabilities (1.6) (3.0)

Other 3.0 2.3

Net changes in current assets and liabilities (35.2) (88.1)

Net cash provided (required) by operating activities - continuing operations 58.1 (21.1)

Net cash provided by operating activities - discontinued operations 13.8 20.4

Net cash provided (required) by operating activities 71.9 (0.7)

Investing activities:

Proceeds from disposition of assets 6.6 5.0

Capital expenditures (43.5) (33.0)

Cash received (paid) for acquisitions (60.0) 17.6

Net cash required by investing activities - continuing operations (96.9) (10.4)

Net cash required by investing activities - discontinued operations (1.4) (1.0)

Net cash required by investing activities (98.3) (11.4)

Financing activities:

Payments to retire debt (2.4) (3.3)

Shares repurchased (17.5) —

Dividends paid to common stockholders (2.4) (2.5)

Purchase of shares to satisfy employee tax on vested stock (12.7) (1.5)

Net cash required by financing activities - continuing operations (35.0) (7.3)

Net decrease in cash and cash equivalents (61.4) (19.4)

Cash and cash equivalents at beginning of period 214.6 187.3

Cash and cash equivalents at end of period $ 153.2 $ 167.9

972.942.6500

arcosa.com

Arcosa, Inc.

Reconciliation of Adjusted Net Income and Adjusted Diluted EPS

(unaudited)

GAAP does not define “Adjusted Net Income” and it should not be considered as an alternative to earnings measures defined by GAAP, including net income. We use this metric to assess the operating performance of our consolidated business. We adjust net income for certain items that are not reflective of the normal operations of our business to provide investors with what we believe is a more consistent comparison of earnings performance from period to period.

Three Months Ended

March 31,

2026 2025

(in millions)

Income from continuing operations $ 23.3 $ 11.6

Gain on sale of businesses, net of tax — (0.2)

Impact of acquisition and divestiture-related expenses, net of tax(1)

1.8 0.6

Adjusted Net Income from continuing operations 25.1 12.0

Income from discontinued operations, net of tax 14.5 12.0

Adjusted Net Income $ 39.6 $ 24.0

GAAP does not define “Adjusted Diluted EPS” and it should not be considered as an alternative to earnings measures defined by GAAP, including diluted EPS. We use this metric to assess the operating performance of our consolidated business. We adjust diluted EPS for certain items that are not reflective of the normal operations of our business to provide investors with what we believe is a more consistent comparison of earnings performance from period to period.

Three Months Ended

March 31,

2026 2025

(in dollars per share)

Diluted EPS from continuing operations $ 0.47 $ 0.24

Impact of acquisition and divestiture-related expenses(1)

0.04 0.01

Adjusted Diluted EPS from continuing operations 0.51 0.25

Diluted EPS from discontinued operations 0.30 0.24

Adjusted Diluted EPS $ 0.81 $ 0.49

(1) Expenses associated with acquisitions and divestitures, including the cost impact of the fair value markup of acquired inventory, advisory and professional fees, integration, separation, and other transaction costs.

972.942.6500

arcosa.com

Arcosa, Inc.

Reconciliation of Adjusted EBITDA

($ in millions)

(unaudited)

“EBITDA” is defined as net income plus interest, taxes, depreciation, depletion, and amortization. “Adjusted EBITDA” is defined as EBITDA adjusted for certain items that are not reflective of the normal earnings of our business. GAAP does not define EBITDA or Adjusted EBITDA and they should not be considered as alternatives to earnings measures defined by GAAP, including net income. We use Adjusted EBITDA to assess the operating performance of our consolidated business, as a metric for incentive-based compensation, as a measure within our lending arrangements, and as a basis for strategic planning and forecasting as we believe that it closely correlates to long-term shareholder value. As a widely used metric by analysts, investors, and competitors in our industry, we believe Adjusted EBITDA also assists investors in comparing a company's performance on a consistent basis without regard to depreciation, depletion, amortization, and other items which can vary significantly depending on many factors. “Adjusted EBITDA Margin” is defined as Adjusted EBITDA divided by Revenues.

Three Months Ended

March 31, Twelve Months Ended

March 31,

Full Year

2026 Guidance(1)

2026 2025 2026 Low High

Revenues $ 571.7 $ 547.6 $ 2,524.2 $ 2,600.0 $ 2,700.0

Income from continuing operations 23.3 11.6 166.1 200.4 218.6

Add:

Interest expense, net 22.4 26.5 98.1 79.0 81.0

Provision for income taxes 1.3 2.8 19.8 38.2 48.0

Depreciation, depletion, and amortization expense(2)

53.5 51.7 217.3 225.0 235.0

EBITDA from continuing operations 100.5 92.6 501.3 542.6 582.6

Add (less):

(Gain) loss on sale of businesses — (0.3) 15.0 — —

Impact of acquisition and divestiture-related expenses(3)

2.3 0.8 3.6 2.3 2.3

Impairment charge — — 1.6 — —

Other, net (income) expense 0.1 0.1 (1.6) 0.1 0.1

Adjusted EBITDA from continuing operations $ 102.9 $ 93.2 $ 519.9 $ 545.0 $ 585.0

Adjusted EBITDA Margin from continuing operations 18.0 % 17.0 % 20.6 % 21.0 % 21.7 %

Income from discontinued operations $ 14.5 $ 12.0 $ 56.5

Add:

Provision for income taxes 2.6 2.8 11.4

Depreciation and amortization expense 1.3 1.9 6.9

EBITDA from discontinued operations 18.4 16.7 74.8

Adjusted EBITDA from discontinued operations 18.4 16.7 74.8

Adjusted EBITDA $ 121.3 $ 109.9 $ 594.7

(1) The Company's full year revenue and Adjusted EBITDA guidance is for continuing operations and excludes the financial results of the barge business and any potential impact of the gain expected to be recognized on the sale.

(2) Includes the impact of the fair value markup of acquired long-lived assets.

(3) Expenses associated with acquisitions and divestitures, including the cost impact of the fair value markup of acquired inventory, advisory and professional fees, integration, separation, and other transaction costs.

972.942.6500

arcosa.com

Arcosa, Inc.

Reconciliation of Adjusted Segment EBITDA

($ in millions)

(unaudited)

“Segment EBITDA” is defined as segment operating profit plus depreciation, depletion, and amortization. “Adjusted Segment EBITDA” is defined as Segment EBITDA adjusted for certain items that are not reflective of the normal earnings of our business. GAAP does not define Segment EBITDA or Adjusted Segment EBITDA and they should not be considered as alternatives to earnings measures defined by GAAP, including segment operating profit. We use Adjusted Segment EBITDA to assess the operating performance of our businesses, as a metric for incentive-based compensation, and as a basis for strategic planning and forecasting as we believe that it closely correlates to long-term shareholder value. As a widely used metric by analysts, investors, and competitors in our industry we believe Adjusted Segment EBITDA also assists investors in comparing a company's performance on a consistent basis without regard to depreciation, depletion, amortization, and other items, which can vary significantly depending on many factors. “Adjusted Segment EBITDA Margin” is defined as Adjusted Segment EBITDA divided by Revenues.

Three Months Ended

March 31, Twelve Months Ended

March 31,

2026 2025 2026

Construction Products

Revenues $ 276.3 $ 262.8 $ 1,323.7

Operating Profit 14.9 18.3 186.3

Add: Depreciation, depletion, and amortization expense(1)

40.4 38.6 166.5

Segment EBITDA 55.3 56.9 352.8

Add: Impact of acquisition and divestiture-related expenses(2)

0.4 — 0.4

Add: Impairment charge — — 1.6

Adjusted Segment EBITDA $ 55.7 $ 56.9 $ 354.8

Adjusted Segment EBITDA Margin 20.2 % 21.7 % 26.8 %

Engineered Structures

Revenues $ 295.4 $ 284.8 $ 1,200.5

Operating Profit 49.8 38.8 180.0

Add: Depreciation and amortization expense(1)

12.6 12.7 49.0

Segment EBITDA 62.4 51.5 229.0

Adjusted Segment EBITDA $ 62.4 $ 51.5 $ 229.0

Adjusted Segment EBITDA Margin 21.1 % 18.1 % 19.1 %

Operating Loss - Corporate $ (17.6) $ (16.1) $ (83.9)

Add: Impact of acquisition and divestiture-related expenses - Corporate(2)

1.9 0.8 3.2

Add: (Gain) loss on sale of business — (0.3) 15.0

Add: Corporate depreciation expense 0.5 0.4 1.8

Adjusted EBITDA from continuing operations $ 102.9 $ 93.2 $ 519.9

(1) Includes the impact of the fair value markup of acquired long-lived assets.

(2) Expenses associated with acquisitions and divestitures, including the cost impact of the fair value markup of acquired inventory, advisory and professional fees, integration, separation, and other transaction costs.

972.942.6500

arcosa.com

Arcosa, Inc.

Reconciliation of Non-GAAP Measures for Construction Products

(in millions, except per ton amounts)

(unaudited)

“Aggregates Freight-Adjusted Revenues” is defined as aggregates revenues less freight and delivery, which are pass-through activities, and other revenues, which are largely service related. We use this metric to calculate “Aggregates Freight-Adjusted Average Sales Price”, which is Aggregates Freight-Adjusted Revenues divided by shipments. “Aggregates Adjusted Cash Gross Profit” is defined as aggregates gross profit plus depreciation, depletion, and amortization and adjusted for certain items that are not reflective of the normal earnings of our business. “Aggregates Adjusted Cash Gross Profit Per Ton” is Aggregates Adjusted Cash Gross Profit divided by shipments. GAAP does not define these metrics and they should not be considered as alternatives to earnings measures defined by GAAP, including aggregates revenues and aggregates gross profit. We believe that this presentation is consistent with our competitors. These metrics are used by analysts and investors in comparing a company's performance on a consistent basis.

Three Months Ended

March 31,

2026 2025

Aggregates

Aggregates revenues $ 174.5 $ 165.3

Less: Freight and other revenues (28.4) (27.2)

Aggregates Freight-Adjusted Revenues 146.1 138.1

Aggregates gross profit 39.5 34.7

Add: Depreciation, depletion, and amortization 23.4 22.1

Add: Impact of acquisition and divestiture-related expenses 0.4 —

Aggregates Adjusted Cash Gross Profit $ 63.3 $ 56.8

Aggregates shipments - tons 8.0 7.7

Aggregates Freight-Adjusted Average Sales Price $ 18.26 $ 17.94

Aggregates Adjusted Cash Gross Profit per Ton $ 7.91 $ 7.38

“Freight-Adjusted Revenues” for Construction Products is defined as segment revenues less freight and delivery, which are pass-through activities. GAAP does not define Freight-Adjusted Revenues and it should not be considered as alternatives to earnings measures defined by GAAP, including revenues. We use Freight-Adjusted Revenues in the review of our operating results. We also believe that this presentation is consistent with our competitors. As a widely used metric by analysts and investors, this metric assists in comparing a company's performance on a consistent basis. “Freight-Adjusted Segment EBITDA Margin” is defined as Freight-Adjusted Revenues divided by Adjusted Segment EBITDA.

Three Months Ended

March 31,

2026 2025

Construction Products

Revenues $ 276.3 $ 262.8

Less: Freight revenues (21.9) (22.2)

Freight-Adjusted Revenues $ 254.4 $ 240.6

Adjusted Segment EBITDA(1)

$ 55.7 $ 56.9

Adjusted Segment EBITDA Margin(1)

20.2 % 21.7 %

Freight-Adjusted Segment EBITDA Margin 21.9 % 23.6 %

(1) See Reconciliation of Adjusted Segment EBITDA table.

972.942.6500

arcosa.com

Arcosa, Inc.

Reconciliation of Free Cash Flow and Net Debt to Adjusted EBITDA

($ in millions)

(unaudited)

GAAP does not define “Free Cash Flow” and it should not be considered as an alternative to cash flow measures defined by GAAP, including cash flow from operating activities. We define Free Cash Flow as cash provided by operating activities less capital expenditures net of the proceeds from the disposition of property, plant, equipment, and other assets. We use this metric to assess the liquidity of our consolidated business. We present Free Cash Flow for the convenience of investors who use it in their analysis and for shareholders who need to understand the metric we use to assess performance and monitor our cash and liquidity positions.

Three Months Ended

March 31,

2026 2025

Cash provided (required) by operating activities - continuing operations $ 58.1 $ (21.1)

Capital expenditures (43.5) (33.0)

Proceeds from disposition of assets 6.6 5.0

Free Cash Flow from continuing operations $ 21.2 $ (49.1)

GAAP does not define “Net Debt” and it should not be considered as an alternative to cash flow or liquidity measures defined by GAAP. The Company uses Net Debt, which it defines as total debt minus cash and cash equivalents to determine the extent to which the Company’s outstanding debt obligations would be satisfied by its cash and cash equivalents on hand. The Company also uses “Net Debt to Adjusted EBITDA”, which it defines as Net Debt divided by Adjusted EBITDA for the trailing twelve months as a metric of its current leverage position. We present this metric for the convenience of investors who use such metrics in their analysis and for shareholders who need to understand the metrics we use to assess performance and monitor our cash and liquidity positions.

March 31, 2026

April 1 Barge Divestiture(1)

March 31, 2026

Pro Forma

Total debt excluding debt issuance costs $ 1,536.0 $ (83.0) $ 1,453.0

Cash and cash equivalents 153.2 287.0 440.2

Net Debt $ 1,382.8 $ (370.0) $ 1,012.8

Adjusted EBITDA (trailing twelve months) $ 594.7 $ (74.8) $ 519.9

Net Debt to Adjusted EBITDA 2.3 1.9

(1) We estimate after-tax net proceeds of $370 million from sale of the barge business, after deducting closing costs, transaction expenses, and anticipated taxes. In April, we used $83 million of the proceeds to prepay a portion of the outstanding term loan balance.

972.942.6500

arcosa.com

GRAPHIC

Filename: aca-20260430_g1.jpg · Sequence: 7

Binary file (25620 bytes)

Download aca-20260430_g1.jpg

GRAPHIC

Filename: image2a.jpg · Sequence: 8

Binary file (25620 bytes)

Download image2a.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 10

v3.26.1

Cover Page and DEI Document

Apr. 30, 2026

Document Information [Line Items]

Entity Central Index Key

0001739445

Title of 12(b) Security

Common Stock ($0.01 par value)

Document Type

8-K

Document Period End Date

Apr. 30, 2026

Entity Registrant Name

Arcosa, Inc.

Entity Incorporation, State or Country Code

Entity File Number

1-38494

Entity Tax Identification Number

82-5339416

Entity Address, Address Line One

500 N. Akard Street, Suite 400

Entity Address, City or Town

Dallas,

Entity Address, State or Province

Entity Address, Postal Zip Code

75201

City Area Code

972

Local Phone Number

942-6500

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Trading Symbol

ACA

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration