Arcosa (ACA) Tops Q4 EPS by 1c

Arcosa (NYSE: ACA) reported Q4 EPS of $0.43, $0.01 better than the analyst estimate of $0.42. Revenue for the quarter came in at $446.9 million versus the consensus estimate of $465.92 million.

Commenting on 2019 performance, Antonio Carrillo, President and Chief Executive Officer noted, “Full year results reflected continued progress on our Stage One priorities and demonstrated solid execution from our operating teams. Specifically, we expanded our Construction Products business with acquisitions that provide platforms for future growth, substantially improved our Energy Equipment margins through lean manufacturing initiatives, and capitalized on the barge market recovery with revenue growth that more than offset softness in rail components.

“Additionally, we continued to operate effectively with a flat organizational structure and drove considerably higher free cash flow for the year as we seek to build a ‘cash culture’ across Arcosa.”

GUIDANCE:

Arcosa sees FY2021 revenue of $1.95-2.1 billion, versus the consensus of $2.22 billion.

For earnings history and earnings-related data on Arcosa (ACA) click here.

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