摘要: |
The WorkBoat Composite Index lost 145 points in April, or 4.5%. For the month, losers topped winners 13-11. Among the leading percentage gainers in April was Arcosa Inc., which gained about 7%. Arcosa's Inland Barge Group, comprised of Arcosa Marine Products Inc., is a leading manufacturer of barges. Arcosa's Transportation Products segment revenues were up 43% driver by solid volume growth in both the barge and steel components businesse: Adjusted segment EBITDA increased over 100% and margins expanded to 13.4%. Arcosa received barge orders of $122 million during the quarter. These orders primarily, for hopper barges, extend the company's backlog into 2024. Arcosa ended the quarter with a total barge backlog of $279 million and the company expects to deliver approximately 70% of the barges during 2023. |