Company: ACA
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001739445-25-000067
Chunk: 47

Company: Arcosa, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 47
---
 revenues66.9 94.9 (29.5)Selling, general, and administrative expenses3.9 6.3 (38.1)Gain on sale of business(0.3)— Operating profit$13.9 $14.6 (4.8)Depreciation and amortization (1)$1.9 $4.0 (52.5)

(1) Depreciation and amortization are components of operating profit.

Three Months Ended March 31, 2025 versus Three Months Ended March 31, 2024

•Revenues decreased 27.1% resulting from the sale of the steel components business. Inland barge revenues increased 5.9%, driven by higher tank barge deliveries. 

•Cost of revenues decreased 29.5% driven by the steel components divestiture, partially offset by higher cost of revenues for the inland barge business due to increased volumes.

•Selling, general, and administrative expenses were roughly flat, excluding the impact of the steel components business from the prior period. 

•Operating profit increased 12.4%, excluding the impact of the steel components divestiture, driven by increased operating profit for the barge business primarily due to increased tank barge volumes.

Unsatisfied Performance Obligations (Backlog)

As of March 31, 2025, the backlog for inland barges was $333.6 million, compared to $280.1 million and $294.4 million as of December 31, 2024 and March 31, 2024, respectively. Approximately 63% of the unsatisfied performance obligations for inland barges are expected to be delivered during 2025, and the remainder are expected to be delivered in 2026.

Corporate Three Months Ended March 31, 20252024Percent (in millions)ChangeCorporate overhead costs$15.4 $16.3 (5.5)%

Three Months Ended March 31, 2025 versus Three Months Ended March 31, 2024

•Corporate overhead costs decreased 5.5% primarily due to lower acquisition and divestiture-related expenses of $0.8 million, compared to $1.6 million for the same period in 2024.

28

Liquidity and Capital Resources  

Arcosa’s primary liquidity requirement consists of funding our business operations, including operating expenses, capital expenditures, working capital investment, and our regular quarterly dividend.