Arcosa Q2 Revenue Misses Consensus, but Adjusted EBITDA Climbs 5%; Merger Vote Set for Sept 4

summarizeSummary

Arcosa reported Q2 2026 revenue of $658.7M, missing consensus, but adjusted EBITDA grew 5% to $145.9M. The pending $150/share acquisition by CRH is proceeding, with a shareholder vote set for September 4, 2026.

check_boxKey Events · Earnings and Guidance · ACA

• Q2 Revenue Misses Consensus

  Revenue of $658.7M grew 2% YoY but fell short of the $687.5M consensus, pressured by wet weather in Texas and lower planned wind tower volumes.

• Adjusted EBITDA Grows 5%

  Adjusted EBITDA from continuing operations reached $145.9M, a 5% increase, with margin expanding 60 bps to 22.1%, driven by utility structures strength.

• Utility Backlog Hits Record

  Utility and related structures backlog surged to $648.1M, up 49% from the start of 2026, with 71% expected to be recognized this year.

• Merger Vote Set for September 4

  The special meeting to approve the $150/share all-cash acquisition by CRH is scheduled for September 4, 2026; the definitive proxy was mailed August 4.

auto_awesomeAnalysis · ACA · Manufacturing

Arcosa's Q2 revenue of $658.7M missed the $687.5M consensus, driven by weather disruptions and lower wind tower volumes. However, adjusted EBITDA rose 5% to $145.9M with margin expansion, and the utility structures backlog hit a record $648.1M, up 49% year-to-date. The pending $150/share all-cash acquisition by CRH remains on track, with the shareholder vote scheduled for September 4, 2026. The company suspended guidance, making the merger outcome the primary value driver. The earnings miss is notable but overshadowed by the merger's fixed $150/share price, which caps upside and limits downside reaction to operational results.