Short answer
Arcosa, Inc. (ACA) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $2.9B (+12.2% year over year) and net income of $208M.
- Top risk flagged: Environmental permitting risk from federal, state, and local regulations on air/water quality and wildlife protection impacting mining operations
FY2025 key financial metrics · XBRL
- Revenue
- $2.9B
- +12.2% YoY
- Net income
- $208M
- +122.4% YoY
- Operating margin
- 11.9%
- +4.2 pp YoY
- Gross margin
- 22.4%
- +2.4 pp YoY
- EPS (diluted)
- $4.24
- +122.0% YoY
- ROE
- 7.9%
- +4.0 pp YoY
- Operating cash flow
- $341M
- −32.1% YoY
Source: XBRL data from the Arcosa, Inc. (ACA) FY2025 10-K on SEC EDGAR. USD.
Arcosa, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Infrastructure-related products and solutions serving construction, engineered structures, and transportation markets in North America
- New divestitures: Sold steel components business with $87.8M revenue in 2024; agreed to sell inland barge and marine components business in 2026
- Strategic focus: Driving organic and disciplined acquisition growth in fragmented infrastructure markets aligned with infrastructure replacement and renewable energy trends
- Notable market alignment: Emphasis on aging transportation infrastructure replacement, grid-hardening investments, and data center expansion driving growth opportunities
Management Discussion & Analysis
- Revenue $2.9B, up 12.2% YoY ($2.57B in 2024) led by Construction Products ($1.31B, +18.6%) and Engineered Structures ($1.19B, +13.6%); Transportation Products down 8.2%
- Operating margin 11.9% in 2025 ($341.9M op profit on $2.88B revenue) vs 7.7% in 2024 ($197.6M op profit on $2.57B) driven by all segments
- Best segment: Construction Products op profit $189.7M (+41.7% YoY); Worst: Transportation Products op profit $46.1M, though +52.6% YoY, impacted by steel components divestiture
- Operating cash flow supported $1.2B Stavola acquisition, $180M Ameron acquisition, $450M barge business sale pending Q2 2026 closing; interest expense rose $37.9M to $108.8M
- Management expects continued growth in utility structures and wind towers despite renewable tax credit phase-outs; backlog strong with $627.8M wind towers and $434.9M utility structures supporting 2026-27 revenues
Risk Factors
- Environmental permitting risk from federal, state, and local regulations on air/water quality and wildlife protection impacting mining operations
- Geographical concentration with 62 surface mines and 1 underground mine, mostly in Texas and "All Other" US regions, vulnerable to regional disruptions
- Supply chain exposure due to reliance on road and railroad access for 33.3 million tons of natural aggregates and specialty materials shipments
- Market risk from specialty materials competing with higher-value, processed building products affecting multi-state distribution
- Mineral reserves concentration of 55% on owned land, 45% leased, with 85% linked to active mining impacting operational continuity
Generated from the filing text; verify against the original. How to read a 10-K
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