ACA NYSE Earnings call
Arcosa, Inc. (ACA) · Q1 2026 results and valuation
Share price: $149.15
Results Q1 2026 vs Q4 2025 · previous quarter · published 1 May 2026 and 27 Feb 2026
Net income down 27.4% on the previous quarter, guidance raised. Management sounded upbeat, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
−27.4%
Net income vs Q4 2025
Guidance raised
Net income 37.8M vs 52.1M
Revenue −20.2%
Against the same quarter last year (Q1 2025) it is +60.2%, so the move on last quarter looks seasonal or timing-related rather than a trend.
2 · How management spoke
Upbeat
More upbeat than 73% of company calls
Answers to analysts: upbeat, in line with the script.
Last call it was different: the answers were more upbeat than the script.
3 · What stood out
Key theme
ACA reported adjusted EBITDA growth of 10% from continuing operations, which doubled the revenue growth for the first quarter.
Valuation
Is Arcosa, Inc. undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 8.7% growth a year (3-year revenue growth), the model's fair value is $56.32 a share — the stock trades 160% above it. Today's price assumes 19.3% growth a year.
Current price
$146.40
close of 2026-10-07
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+19.3% for 10 yrs
Fair value / share
$56.32
Buy below
$42.24
Price vs fair value
Overvalued 160%
Price vs buy-below price
Overvalued >200%
Read between the lines
-
Guidance ↑
ACA raised its margin expectations for the year compared to its February projections.
Source quote
“So as we look through the balance of the year, we have raised our margin expectations for the year versus where we were here in February.”
-
Guidance
The company expects to see earnings growth and margin improvement for both product lines for the remainder of the year.
Source quote
“We expect to see earnings growth and margin improvement for both product lines for the remainder of the year.”
-
Dropped
ACA's trench shoring unit delivered another strong quarter as revenue and adjusted EBITDA both grew about 26%.
Source quote
“Finally, our trench shoring business completed another strong quarter of growth with both revenues and adjusted EBITDA up about 26%.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q1 2026. Ring: Q4 2025.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“We're maintaining strong pricing discipline to support solid unit profitability gains consistent with actions we took to address high inflation.”
“Adjusted cash gross profit margin increased 220 basis points and adjusted cash gross profit per ton increased 7%.”
“In closing, we're entering the second quarter with strong momentum and improved balance sheet and additional confidence underpinned by increasing our guidance.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-03-31)
| Metric | Q1 2026period end 2026-03-31 | Q4 2025period end 2025-12-31 | Change | Q1 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 571.7M | 716.7M | −20.2% | 547.6M | +4.4% |
| Gross profit | 120.9M | 163.8M | −26.2% | 107.9M | +12.0% |
| Operating income | 47.1M | 79.0M | −40.4% | 41.0M | +14.9% |
| Net income | 37.8M | 52.1M | −27.4% | 23.6M | +60.2% |
| EPS | 0.77 | 1.06 | −27.4% | 0.48 | +60.4% |
| P/E today 14.7 | 23.4 | 25.1 | −1.7 | 48.5 | −25.1 |
Topics
Most discussed now
- With 2 of Arcosa's 4 wind tower plants under active conversion to produce utility structures, Arcosa will be well positioned...
- Segment revenues increased 5% and adjusted segment EBITDA decreased slightly.
- Despite typical seasonality and winter weather impacts, Construction Products contributed solid results, and Arcosa was pleased to see…
- Adjusted cash gross profit margin increased 220 basis points and adjusted cash gross profit per ton increased 7%.
- Revenues for Specialty Materials increased slightly, driven by higher lightweight aggregates volume.
Faded since Q4 2025
- Fading Arcosa's new galvanizing facility in Mexico will complete its first dip this quarter, which will allow us to improve its...
- Dropped With the weather and the snow here recently, Arcosa will see that percentage share drop just a little bit.
- Fading Two consecutive quarters of volume growth give us optimism on continued volume recovery in 2026.
Latest announcements
Official filings, newest first.
- Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- 1.04 · SEC 8-K
- Material agreement; Regulation FD disclosure · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- Regulation FD disclosure · SEC 8-K