ACA Stock Recent News

DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa”) today announced that it intends to commence, subject to market conditions and other factors, a private offering of $600.0 million aggregate principal amount of senior notes due 2032 (the “Notes”). Arcosa intends to use the net proceeds from the offering, together with expected borrowings under the previously announced Term Loan B Facility due 2031, to fund the $1.2 billion purchase price of the previously announced acquisition of the.

For 2Q24, ACA's revenue increased by 13.7%, driven by growth in all three revenue segments. Additionally, its adjusted margins also expanded, driven by market recoveries and business improvements. The acquisition of Stavola is expected to expand its construction products segment. Additionally, it is also expected to increase its revenue, adjusted EBITDA, and adjusted EBITDA margin. ACA also announced its divestiture of its steel component business, which was diluting its overall margins. The proceeds will be used to pay down debt.

Arcosa (ACA) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.76 per share a year ago.

DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa,” the “Company,” “We,” or “Our”), a provider of infrastructure-related products and solutions, today announced portfolio actions that advance the Company's long-term strategy. Acquisition of Stavola Arcosa has entered into a definitive agreement to acquire the construction materials business of Stavola Holding Corporation and its affiliated entities ("Stavola") for $1.2 billion in cash, subject to customary post-closing adjustments. Fou.

DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa,” the “Company,” “We,” or “Our”), a provider of infrastructure-related products and solutions, today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights     Three Months Ended June 30,     2024       2023     % Change               ($ in millions, except per share amounts)     Revenues $ 664.7     $ 584.8     14 % Net income $ 45.6     $ 40.9     11 % Adjusted Net Income(1) $ 44.7     $ 37.3    .

Arcosa (ACA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

ACA, RS and SMFKY made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 6, 2024.

NEW YORK--(BUSINESS WIRE)--ACA Group (ACA), the leading provider of governance, risk, and compliance (GRC) solutions to clients in the financial services industry, today announced its intent to acquire the broker-dealer distribution business from UMB Fund Services, a subsidiary of UMB Financial Corporation (Nasdaq: UMBF) (UMB). The transaction is expected to close in the fourth quarter of 2024. ACA's distribution division, ACA Foreside, is the industry's largest third-party distributor by numbe.

Owens Corning, Armstrong World Industries, Knife River, Arcosa and Frontdoor have been highlighted in this Industry Outlook article.

A focus on operational efficiencies, higher government spending and improved residential market raise hopes for OC, AWI, KNF, ACA and FTDR.