Company: ACA
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001739445-25-000067
Chunk: 38

Company: Arcosa, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 earnings per share follows. Three Months EndedMarch 31, 2025Three Months EndedMarch 31, 2024 Income(Loss)AverageSharesEPSIncome(Loss)AverageSharesEPS(in millions, except per share amounts)Net income$23.6 $39.2 Unvested restricted share participation(0.1)(0.1)Net income per common share – basic23.5 48.7 $0.48 39.1 48.5 $0.81 Effect of dilutive securities:Nonparticipating unvested restricted shares— 0.5 — 0.4 Net income per common share – diluted$23.5 49.2 $0.48 $39.1 48.9 $0.80 

Note 15. Commitments and Contingencies 

The Company is involved in claims and lawsuits incidental to our business arising from various matters including commercial disputes, alleged product defect and/or warranty claims, intellectual property matters, personal injury claims, environmental issues, employment and/or workplace-related matters, and various governmental regulations. The Company evaluates its exposure to such claims and suits periodically and establishes accruals for these contingencies when probable losses can be reasonably estimated. At March 31, 2025, the reasonably possible losses and any related accruals for such matters were not significant. Estimates of liability arising from future proceedings, assessments, or remediation are inherently imprecise. Accordingly, there can be no assurance that we will not become involved in future litigation or other proceedings, including those related to the environment or, if we are found to be responsible or liable in any such litigation or proceeding, that such costs would not be material to the Company.Other commitmentsIn the normal course of business, at March 31, 2025, the Company was contingently liable for $200.1 million in surety bonds, which guarantee its own performance and are required by certain states and municipalities and their related agencies. The Company has indemnified the underwriting insurance companies against any exposure under the surety bonds. The Company is not aware of any circumstances that would result in material claims against these bonds.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is intended to provide a reader of our financial statements with a narrative from the perspective of our management on our financial condition, results