ACA - Arcosa: Infrastructure Play Looking Sound

2024-04-11 09:41:37 ET

Summary

• Arcosa, Inc. has seen solid growth since it was spun off as a pure infrastructure play from Trinity about five years ago.
• The company has grown on the back of inflation, organic growth, and dealmaking efforts.
• Arcosa's three segments, construction products, engineered structures, and transportation products, have all contributed to its growth and profitability.
• Continued M&A and tailwinds drive a solid (share price) performance.

Nearly a year ago, I concluded that Arcosa, Inc. ( ACA ) had seen a strong start to 2023. The company has seen a strong first quarter, as the full-year outlook looked conservative, even after it was raised. With large wind tower orders coming up for the current years, long-term prospects continued to look good....

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