Company: ACA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001739445-25-000026
Chunk: 92

Company: Arcosa, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 92
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 to a gain recognized on the sale of depleted land. Excluding the gain, operating profit increased 27.2%, driven by increased pricing across the segment and the benefit recognized on a holdback obligation, partially offset by operating inefficiencies in our specialty materials business.

•Depreciation, depletion, and amortization expense increased primarily due to recent acquisitions and organic growth investments.

45

Engineered Structures Year Ended December 31,Percent Change 2024202320222024 versus 20232023 versus 2022 ($ in millions)Revenues:Utility, wind, and related structures$1,047.3 $873.5 $813.1 19.9 %7.4 %Storage tanks— — 188.9 — (100.0)Total revenues1,047.3 873.5 1,002.0 19.9 (12.8)Operating costs:Cost of revenues847.5 718.3 812.4 18.0 (11.6)Selling, general, and administrative expenses88.4 65.9 73.6 34.1 (10.5)Gain on disposition of property, plant, equipment, and other assets(0.5)— (2.0)Gain on sale of businesses(14.5)(6.4)(189.0)Operating profit$126.4 $95.7 $307.0 32.1 (68.8)Depreciation and amortization$45.4 $26.6 $30.5 70.7 (12.8)

2024 versus 2023

•Revenues increased 19.9% primarily due to higher volumes in our wind towers and utility structures businesses and the contribution from the acquired Ameron business, partially offset by lower utility structures pricing due to product mix. 

•Cost of revenues increased 18.0% primarily due to higher wind tower and utility structures volumes and additional expenses incurred related to the startup of two new facilities during the year, including a concrete utility structures plant and a wind tower plant. Cost of revenues also increased due to higher costs from the acquired Ameron business, including higher depreciation and amortization expense and $1.6 million for the cost impact of the fair value markup of acquired inventory.

•Selling, general, and administrative expenses increased 34.1% primarily due to additional costs from the acquired Ameron