Arcosa, Inc. announced record results for the second quarter ended June 30, 2025, with revenues increasing 11% year-over-year to $736.9 million, or 18% excluding the divested steel components business. Adjusted EBITDA surged 37% to $154.2 million, and Adjusted EBITDA Margin expanded by 390 basis points to 20.9%.
Net income for the quarter rose 31% to $59.7 million, or $1.22 per diluted share, while Adjusted Net Income increased 39% to $62.2 million. The Construction Products segment's revenue grew 28%, with the Stavola acquisition contributing $90.3 million and driving a 44% increase in Adjusted Segment EBITDA and a margin of 28.3%.
The Engineered Structures segment delivered strong results, achieving record top-line and an Adjusted Segment EBITDA margin of 18.7%, with utility structures backlog hitting a record $450.0 million. The Transportation Products segment's revenue increased 18%, and its barge backlog extended into 2026 with $122 million in additional orders after quarter-end.
Arcosa generated $61.2 million in operating cash flow and $39.2 million in free cash flow, a significant turnaround from the prior year. The company improved its Net Debt to Adjusted EBITDA ratio to 2.8x and remains on track to reach its target leverage range of 2.0-2.5x within the next three quarters. Management tightened its full year 2025 guidance for revenue to $2.85 billion to $2.95 billion and Adjusted EBITDA to $555 million to $585 million, maintaining the midpoint and reflecting increased confidence in the outlook.
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