Arcosa, Inc. reported a revenue increase of 4.4% for the first quarter of 2026, reaching $571.7 million compared to $547.6 million in the same period of 2025. The company's operating profit also rose to $47.1 million, up from $41.0 million year-over-year. This growth was primarily driven by higher revenues in both the Engineered Structures and Construction Products segments. Net income for the quarter was $37.8 million, significantly higher than the $23.6 million reported in the prior year, reflecting a strong performance across its business lines.
The financial results were bolstered by a notable increase in the utility structures business, which saw a 15.1% rise in revenues, contributing to the overall growth in the Engineered Structures segment. However, the Construction Products segment experienced mixed results, with revenues from aggregates and trench shoring increasing, while asphalt revenues declined due to seasonal impacts. Selling, general, and administrative expenses rose by 6.8%, reflecting increased operational costs, but the overall operating profit margin improved due to higher sales volumes.
In terms of strategic developments, Arcosa completed the acquisition of a Florida-based natural aggregates business for $60 million in March 2026, enhancing its Construction Products segment. Additionally, the company finalized the sale of its barge business for approximately $450 million on April 1, 2026, a move that is expected to generate a pre-tax gain and allow for reinvestment in core growth areas and debt reduction. The barge business was classified as discontinued operations, and its results were recast for comparability in prior periods.
Operationally, Arcosa reported a backlog of $557.6 million in utility and related structures as of March 31, 2026, a 35% increase from the previous year, indicating strong demand and production visibility. The company is also converting an idled wind tower facility to increase capacity for utility structures, reflecting its proactive approach to meet rising demand. As of the end of the first quarter, the company had approximately 49.1 million shares outstanding and continued its share repurchase program, having repurchased 159,595 shares at a cost of $17.5 million during the quarter.
Looking ahead, Arcosa's management expressed confidence in the ongoing demand for its products, particularly in the utility structures market, while acknowledging challenges in the wind towers segment due to changes in federal tax credits. The company anticipates that a significant portion of its backlog will be recognized as revenue in the coming years, positioning it for continued growth despite potential market fluctuations.
About Arcosa, Inc.
Arcosa, Inc. provides infrastructure-related products and solutions across North America, serving construction, engineered structures, and transportation markets. Its core segments include Construction Products (natural and recycled aggregates, specialty materials, asphalt, and site support equipment), Engineered Structures (steel and concrete utility, wind, traffic, and telecom structures), and Transportation Products (inland barges and marine hardware). Arcosa’s business model emphasizes operational excellence, strategic reserves, and proximity to key markets, targeting public and private infrastructure customers.
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