Company: ACA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001739445-25-000115
Chunk: 3

Company: Arcosa, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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 the three and six months ended June 30, 2025 totaled $28.5 million and $56.8 million, respectively, an increase of $17.1 million and $37.1 million, respectively, from the same periods in 2024, driven by the additional debt incurred to finance the Stavola acquisition.

•The effective tax rate for the three and six months ended June 30, 2025 was 14.5% and 15.9%, respectively, compared to 14.3% and 15.6%, respectively, for the same periods in 2024. See Note 10 Income Taxes to the Consolidated Financial Statements.

•Net income for the three and six months ended June 30, 2025 was $59.7 million and $83.3 million, respectively, compared to $45.6 million and $84.8 million, respectively, for the same periods in 2024. 

Our Engineered Structures and Transportation Products segments operate in cyclical industries. Additionally, results in our Construction Products segment are affected by weather and seasonal fluctuations with the second and third quarters historically being the quarters with the highest revenues.

25

Unsatisfied Performance Obligations (Backlog)

As of June 30, 2025, December 31, 2024, and June 30, 2024, our unsatisfied performance obligations, or backlog, were as follows:

June 30,2025December 31,2024June 30,2024 (in millions)Engineered Structures:Utility and related structures$450.0 $414.0 $424.6 Wind towers$598.6 $776.8 $914.1 Transportation Products:Inland barges$277.0 $280.1 $251.5 

In our Engineered Structures segment, 84% of the unsatisfied performance obligations for our utility and related structures are expected to be delivered during 2025, and substantially all of the remaining performance obligations are expected to be delivered in 2026. For our wind towers business, 30% of the unsatisfied performance obligations are expected to be delivered during 2025, 24% are expected to be delivered during 2026, and the remainder are expected to be delivered through 2028. 

For inland barges in our Transportation Products segment, 57% of the unsatisfied performance obligations  are expected to be delivered during 2025,