Company: ACA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001739445-25-000115
Chunk: 27

Company: Arcosa, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 same amount. For the three and six months ended June 30, 2025, the Company did not repurchase any shares, leaving the full amount of the $50.0 million authorization available as of June 30, 2025.Revenue RecognitionRevenue is measured based on the allocation of the transaction price in a contract to satisfied performance obligations. The transaction price does not include any amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. The following is a description of principal activities from which the Company generates its revenue, separated by reportable segments. Payments for our products and services are generally due within normal commercial terms. For a further discussion regarding the Company’s reportable segments, see Note 4 Segment Information. Construction ProductsThe Construction Products segment primarily recognizes revenue when the customer has accepted the product and legal title of the product has passed to the customer. Engineered StructuresWithin the Engineered Structures segment, revenue is recognized for wind towers and certain utility structures over time as the products are manufactured using an input approach based on the costs incurred relative to the total estimated costs of production. We recognize revenue over time for these products as they are highly customized to the needs of an individual customer resulting in no alternative use to the Company if not purchased by the customer after the contract is executed. In addition, we have the right to bill the customer for our work performed to date plus at least a reasonable profit margin for work performed. As of June 30, 2025, we had a contract asset of $57.6 million related to these contracts, compared to $65.5 million as of December 31, 2024, which is included in receivables, net of allowance, within the Consolidated Balance Sheets. The decrease in the contract asset is attributed to timing of deliveries of finished structures to customers during the period. For all other products, revenue is recognized when the customer has accepted the product and legal title of the product has passed to the customer. Transportation ProductsThe Transportation Products segment recognizes revenue when the customer has accepted the product and legal title of the product has passed to the customer.

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RevenuesTotal revenues for the Company's reportable segments are presented below: Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024 (in millions)Aggregates$194.0 $169.7 $359.3 $328.6 Specialty materials and asphalt