Company: ACA
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001739445-25-000135
Chunk: 11

Company: Arcosa, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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 related to the divestiture of the storage tanks business, which closed in October 2022, including a gain on the settlement of certain contingencies from the sale and a gain on the sale of a non-operating facility that previously supported the divested business.

•Operating profit increased 34.8% primarily due to higher utility structures and wind towers volumes as well as increased efficiencies in our utility and related structures businesses, partially offset by the asset sale gains recognized in the prior period from the divested business.

Unsatisfied Performance Obligations (Backlog)

As of September 30, 2025, the backlog for utility and related structures was $461.5 million compared to $414.0 million and $418.3 million as of December 31, 2024 and September 30, 2024, respectively. We expect to recognize 43% of the unsatisfied performance obligations for utility and related structures during 2025, and substantially all of the remaining performance obligations are expected to be recognized in 2026.

The backlog for wind towers as of September 30, 2025 was $526.3 million compared to $776.8 million and $846.3 million as of December 31, 2024 and September 30, 2024, respectively. We expect to recognize 18% of the unsatisfied performance obligations for wind towers during 2025, with the remainder expected to be recognized through 2027.

Transportation Products Three Months Ended September 30,Nine Months Ended September 30, 20252024Percent20252024Percent ($ in millions)Change($ in millions)ChangeRevenues:Inland barges$99.3 $81.5 21.8 %$273.1 $236.9 15.3 %Steel components— 13.6 (100.0)— 87.8 (100.0)Total revenues99.3 95.1 4.4 273.1 324.7 (15.9)Cost of revenues79.0 81.0 (2.5)219.6 270.4 (18.8)Gross profit20.3 14.1 44.0 53.5 54.3 (1.5)Selling, general, and administrative expenses4.6 5.3 (13.2)12.6 18.3 (31.1