Highlights

  • Second quarter revenue from continuing operations rose 1.7% to $658.7 million, while operating profit increased to $84.3 million.
  • The company agreed on June 21 to merge with CRH Americas for $150.00 per share in cash.
  • Utility and related structures backlog reached $648.1 million, up 49% since year-end, and wind tower backlog was $537.4 million.
  • Arcosa completed the $450 million sale of its barge business on April 1, recording a $359.7 million pre-tax gain.

Arcosa (NYSE:ACA) shares were trading near their 52-week high at USD 149.08 on October 21, 2026, up 1.11%. The infrastructure products group sold its barge business in April, signed a definitive merger agreement with CRH Americas in June, and filed its second quarter report on August 5 while the proposed merger remained pending.

Based in Dallas, Texas, Arcosa is a Delaware corporation incorporated in 2018 and describes itself as a provider of infrastructure-related products and solutions with leading positions in construction materials and engineered structures in North America. Construction Products covers aggregates, specialty materials and asphalt, and construction site support such as trench shoring. Engineered Structures covers utility and related structures and wind towers. With the barge sale complete, Transportation Products is no longer a reportable segment. Its fiscal year ends December 31.

Merger With CRH Pending

Under the agreement signed June 21, 2026, a CRH subsidiary will merge into Arcosa, which would survive as a wholly owned CRH subsidiary. Each share would convert into $150.00 in cash, and the shares would be delisted from the New York Stock Exchange and NYSE Texas. The filing states that the deal has no financing condition. Closing requires approval from holders of a majority of outstanding shares, Hart-Scott-Rodino clearance and specified approvals outside the United States, and the company expects to complete it in the first quarter of 2027.

A special stockholder meeting was scheduled for September 4, 2026, and the filing, dated August 5, does not report its outcome. Either side may terminate if closing has not occurred by June 21, 2027, subject to an extension of up to six months. In specified circumstances CRH would owe Arcosa a fee of about $372.0 million, and Arcosa would owe CRH about $260.4 million. The company flagged deal-related risks, including disruption to customer relationships and employee retention.

Second Quarter Results From Continuing Operations

Revenue for the three months ended June 30, 2026 was $658.7 million, versus $647.5 million. Construction Products revenue edged up 0.7% to $357.0 million, as trench shoring growth offset lower aggregates and asphalt volumes that the company tied to wet weather. Its operating profit fell 6.0% to $55.1 million. Engineered Structures revenue grew 3.0% to $301.7 million, with utility structures up 12.4% to $230.6 million and wind towers down 19.0% to $71.1 million. Segment operating profit rose 46.2% to $62.0 million, including a gain on a land sale in Mexico.

Consolidated operating profit was $84.3 million. Corporate costs rose 72.6% on $14.5 million of acquisition and divestiture-related expenses, including merger costs. Net income from continuing operations was $50.9 million, or $1.03 per diluted share, matching the prior-year per-share figure. Including discontinued operations, net income was $328.5 million, or $6.67 per diluted share, versus $59.7 million, or $1.22.

Balance Sheet and Capital Returns

Cash and equivalents were $432.1 million at June 30, versus $214.6 million at December 31, 2025. Total debt was $1,436.7 million, down from $1,522.8 million, after the company used $83.0 million of barge proceeds to prepay part of its term loan. Nothing was drawn on the revolving credit facility, and the company reported covenant compliance. Over six months, operating cash flow from continuing operations was $33.4 million and capital expenditures were $102.3 million. The board declared a $0.05 quarterly dividend paid July 31. The company repurchased 159,595 shares for $17.5 million in the first half and none in the second quarter.

Backlog and Outlook

The filing gives no financial guidance. It notes that 71% of utility structures backlog is expected to convert to revenue in 2026 and 20% in 2027, while 28% of wind tower backlog is expected in 2026 and 66% in 2027. The company converted an idled wind tower plant to utility structures and plans another conversion in 2027. It also notes that federal tax credits for wind towers end after 2027 under recent legislation. These are company expectations.