Company: ACA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001739445-25-000058
Chunk: 63

Company: Arcosa, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 63
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BITDA (trailing twelve months) plus corporate costs. We use Adjusted EBITDA excluding Corporate Costs in this Proxy to show the progress of advancing our long-term vision.

|                                                                             |     | Year Ended December 31, 
                    2024 |     |   2023 |
|:----------------------------------------------------------------------------|:----|------------------------:|:----|-------:|
| Adjusted EBITDA (trailing twelve months)(1)                                 |     |                  $515.1 |     | $367.6 |
| Add: Operating Loss - Corporate                                             |     |                    92.9 |     |   62.8 |
| Less: Impact of acquisition and divestiture-related expenses - Corporate(2) |     |                   -32.7 |     |   -2.2 |
| Less: Corporate depreciation expense                                        |     |                    -2.3 |     |   -5.2 |
| Less: Land Sale                                                             |     |                       — |     |  -22.0 |
| Enterprise Adjusted EBITDA Excluding Corporate Costs                        |     |                  $573.0 |     | $401.0 |

(1) 2024 Adjusted EBITDA includes an upward pro forma adjustment for Ameron, acquired on April 9, 2024 of $5.0 million, which reflects an amount equal to 25% of Ameron's historical Adjusted EBITDA for the twelve months ended December 31, 2023 of $19.8 million, as previously disclosed, to approximate the three-month pro forma impact on our Adjusted EBITDA as if the acquisition had occurred on December 31, 2023. Adjusted EBITDA includes an upward pro forma adjustment for Stavola, acquired on October 1, 2023, of $71.2 million, which was Stavola's Adjusted EBITDA for the nine months ended September 31, 2024 to reflect the nine-month pro forma impact on our Adjusted EBITDA as if the acquisition had occurred on December 31, 2023. Also included is a $8.0 million downward pro forma adjustment to exclude Adjusted EBITDA from the steel components business during the period, which was divested on August 16, 2024.

(2) Expenses associated with acquisitions and divestitures, including the cost impact of the fair value markup of acquired inventory, advisory and professional fees, integration, separation, and other