The company says demand was generally higher in its natural and recycled aggregates business serving construction end-markets, but excessive rainfall in the second quarter impacted sales volumes, particularly Arcosa’s operations. in Texas and along the Gulf Coast.
Revenue from Arcosa’s specialty materials business increased due to high volumes in the light aggregate business and the Company’s product lines serving end-markets for construction products.
Arcosa’s company-wide revenue grew 3% in the second quarter to $ 515.1 million.
“Our second quarter results reflect the resilience of our infrastructure business portfolio as we successfully executed and maintained the pace of last year’s record results despite some headwinds,” said Antonio Carrillo, president and CEO of Arcosa.
Arcosa says it continues to face high steel prices, but has been able to proactively increase prices in most of its steelmaking operations to help mitigate the impact on margins.
“Overall, our core growth businesses – construction products and engineering structures – remain well positioned for the future,” says Carrillo. “While high steel prices have reduced orders for some of our industries, our long-term outlook and fundamentals remain strong. “
Additionally, Arcosa announced the acquisition of Arizona-based Southwest Rock Products in a $ 150 million deal.