Arcosa, a Dallas, Texas-headquartered provider of infrastructure-related products and solutions, saw its construction business revenues increase by 38% to US$211.5 million in Q1 2022.
The company's impressive performance was primarily driven by recent acquisitions, higher volumes and pricing in its recycled aggregates and specialty materials businesses, and increased volumes and higher steel prices in its shoring products business.
Arcosa's legacy natural aggregates business revenues were up slightly as strong pricing gains were partially offset by anticipated volume declines in Central Texas as certain larger projects rolled off.
Adjusted Segment EBITDA increased 26% to $41.3 million, representing a 19.5% margin compared to 21.5% in the prior year. The decrease in margin is said to primarily reflect the addition of StonePoint Materials, with margins below the segment average and operations more exposed to seasonal winter weather in the first quarter.
Arcosa's all-business Q1 trading generated revenues of $535.8 million, up 22%. Adjusted EBITDA of $73.4 million represented a 30% rise compared to the same quarter of 2021.
