摘要: |
Solid gains in its transportation and construction businesses powered Arcosa Inc. to a winning second quarter, as it completed its divestiture of its storage tanks business. "I am pleased with Arcosa's second quarter performance, with adjusted EBITDA [earnings before interest, taxes, depreciation and amortization] surpassing last year's record results, normalizing for the divestiture of our storage tanks business," said Antonio Carrillo, president and CEO. "Adjusted segment EBITDA in transportation products more than doubled, and margins expanded 530 basis points year-over-year, underscoring the operating leverage inherent in these businesses as volumes improve," Carillo said. "We were pleased to obtain sufficient second quarter orders to maintain our barge backlog and extend our production visibility further into 2024 with improved pricing." |