Arcosa Acquires Stavola for $1.2B, Divests Steel Components Business [Yahoo! Finance]
Arcosa, Inc. (ACA)
Last arcosa, inc. earnings: 4/28 04:15 pm
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Source: Yahoo! Finance
This apart, ACA completed the previously announced sale of its steel components business on Aug. 16, 2024. Buyout Synergies The acquisition was funded with a $600 million 6.875% Senior Note issuance (due 2032), which closed on Aug. 26, 2024, and a pre-payable $700 million variable-rate senior secured Term Loan B Facility (due 2031), which was funded concurrently with the closing of the transaction. Excess cash proceeds will be used to pay down borrowings on the company's revolving credit facility. For third-quarter 2024, the company expects adjusted EBITDA to be within $1-$1.5 million loss, reflecting a partial period of ownership that was impacted by the deferral of certain product shipments and business interruption from actions necessary to complete the divestiture process. Moreover, Arcosa plans to update its 2024 revenue and adjusted EBITDA guidance for the completion of these transactions at third-quarter earnings release. The company anticipates deploying strong free c
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News
- Arcosa, Inc. Declares Quarterly Dividend and Renews $50 Million Share Repurchase AuthorizationBusiness Wire
- Investors in Arcosa (NYSE:ACA) have seen impressive returns of 144% over the past five years [Yahoo! Finance]Yahoo! Finance
- Sidoti Events, LLC's Virtual December Small-Cap ConferenceAccesswire
- 5 Building Products Stocks for Better Returns Despite the Industry Woes [Yahoo! Finance]Yahoo! Finance
- Arcosa, Inc. Announces Third Quarter 2024 ResultsBusiness Wire
ACA
Earnings
- 10/30/24 - Beat
ACA
Sec Filings
- 12/16/24 - Form 8-K/A
- 11/12/24 - Form 8-K
- 10/31/24 - Form 10-Q
- ACA's page on the SEC website