Company: ACA
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001739445-25-000067
Chunk: 22

Company: Arcosa, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 for our work performed to date plus at least a reasonable profit margin for work performed. As of March 31, 2025, we had a contract asset of $67.6 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 increase 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 EndedMarch 31, 20252024 (in millions)Aggregates$165.3 $158.9 Specialty materials and asphalt73.2 63.2 Aggregates intrasegment sales(4.1)(0.4)Total Construction Materials234.4 221.7 Construction site support28.4 29.5 Construction Products262.8 251.2 Utility, wind, and related structures284.8 231.6 Engineered Structures284.8 231.6 Inland barges84.4 79.7 Steel components(1)— 36.1 Transportation Products84.4 115.8 Segment Totals before Eliminations632.0 598.6 Eliminations— — Consolidated Total$632.0 $598.6 (1) On August 16, 2024, the Company completed the divestiture of its steel components business.Unsatisfied Performance ObligationsThe following table includes estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially satisfied as of March 31, 2025: Unsatisfied performance obligations as of March 31, 2025TotalAmount (in millions)Engineered Structures:Utility, wind, and related structures$1,094.1 Transportation Products:Inland barges$333.6 Approximately 59% of the unsatisfied performance obligations for our utility, wind, and related structures in our Engineered Structures segment are expected to be delivered during 2025, approximately 15% are expected