Arcosa (NYSE:ACA) Q4 2025 Earnings call February 27, 2026 08:30 AM ET Company ParticipantsAntonio Carrillo - President and CEOErin Drabek - VP of Investor RelationsEthan Roberts - Equity Research AssociateGail Peck - CFOGarik Shmois - Managing DirectorIan Zaffino - Managing DirectorConference Call ParticipantsBrent Thielman - Managing Director and Senior Research AnalystJulio Romero - Senior Equity Research AnalystOperatorGood morning, ladies and gentlemen, and welcome to the Arcosa, Inc. fourth quarter and ...

Arcosa (NYSE:ACA) Q4 2025 Earnings call February 27, 2026 08:30 AM ET Speaker8Good morning, ladies and gentlemen, and welcome to the Arcosa, Inc. fourth quarter and full year 2025 earnings conference call. My name is Chloe, and I will be your conference call coordinator today. As a reminder, today's call is being recorded. I would like to turn the call over to your host, Erin Drabek, Vice President of Investor Relations for Arcosa. Ms. Drabek, you may begin.Speaker2Good morning, everyone, and thank thank yo ...

FOURTH QUARTER & FULL YEAR 2025 EARNINGS CONFERENCE CALL MOVING INFRASTRUCTURE FORWARD | FEBRUARY 27, 2026 FORWARD LOOKING STATEMENTS Some statements in this release, which are not historical facts, are "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Forward- looking statements include statements about Arcosa's estimates, expectations, beliefs, intentions or strategies for the future. Arcosa uses the words "anticipates," "assumes," "believes," "estimates," "e ...

CMC Announces Second Quarter Fiscal 2026 Conference Call Webcast Details [Accessibility Statement] Skip NavigationIRVING, Texas, Feb. 26, 2026 /PRNewswire/ -- CMC (NYSE: CMC), in conjunction with its second quarter earnings release for fiscal 2026, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 26, 2026, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice Presiden ...

Provision-related cash outflows (shown as “non-cash items and other” of -€152 million), reflecting payments tied to restructuring provisions set up in the prior year, as well as bonuses and certain litigation-related payments.Higher capital expenditures (up €80 million), including spending in Q4 related to the Padeswood carbon capture project in the U.K.Free cash flow came in at €2.1 billion , down about €60 million year over year. Aldach attributed the decline primarily to:Aldach added that some of these m ...

Market Overview - The S&P 500 experienced a decline of approximately 0.6%, primarily driven by a drop in big tech stocks, which fell about 0.7% [1][2] - The VIX index is trading with a 20 handle, indicating increased market volatility [1] - The 10-year Treasury yield is currently at 4.07% [2] Geopolitical and Economic Factors - U.S. military buildup in the Middle East has raised speculation about a potential attack on Iran, dampening market sentiment [2][3] - The trade deficit in the U.S. has reached its widest level in modern history, with tariffs failing to narrow it or boost domestic manufacturing [4][36] Company-Specific Insights - Blue Owl, an asset manager, has faced investor withdrawals from one of its private credit funds, negatively impacting its stock and those of peers like Apollo, Blackstone, and KKR [3] - CRH, a building materials giant, reported adjusted revenue in line with estimates and is actively involved in over 100 data center projects across the U.S., indicating strong demand in this sector [19][21] Investment Strategies and Trends - There is a focus on diversifying within the AI theme, with an emphasis on AI infrastructure as a key area for growth [10][11] - Emerging markets (E.M.) are being considered as a source of diversification and earnings growth, with significant inflows noted [11][12] - Companies are advised to invest in defensive AI sectors, such as semiconductors and hardware, to mitigate risks in the current market environment [15][16] Economic Outlook - The upcoming GDP report is expected to show strong growth, with significant investment in the economy contributing to this outlook [36][40] - Wage growth has been broad-based, particularly in manufacturing, indicating a positive economic trajectory [44][50] Corporate Actions and Market Reactions - Bank of America plans to commit $25 billion to private credit deals, reflecting a strategic shift in its investment approach [34] - Walmart's shares have seen a decline despite strong performance, attributed to cautious earnings forecasts amid a challenging economic backdrop [67][70]

Vulcan Materials Company (VMC), headquartered in Birmingham, Alabama, produces and supplies construction aggregates. Valued at $43.7 billion by market cap, the company’s principal product lines are aggregates, asphalt mix, concrete, and cement. Shares of the largest producer of construction aggregates have underperformed the broader market over the past year. VMC has gained 11.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 11.9%. In 2026, however, VMC stock is up 6%, su ...

Vulcan's Earnings Are Dragging Down Construction Materials Stocks. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Vulcan's Earnings Are Dragging Down Construction Materials StocksBy [Al Root]ShareResize---ReprintsIn this article[VMC][SPX][ ...

Core Viewpoint - Vulcan Materials reported strong financial performance in 2025, with significant growth in operating cash flow and Adjusted EBITDA, despite facing challenges in single-family residential demand and mixed end-market dynamics [4][6]. Financial Performance - Shipments totaled approximately 227 million tons, a 3% increase for the full year, driven by prior-year acquisitions, although same-store shipments were slightly lower [1] - The company generated over $1.8 billion in operating cash flow, up 29% year over year, with free cash flow rising more than 40% after $678 million in capital expenditures [2] - Adjusted EBITDA for 2025 was $2.3 billion, a 13% increase from the prior year, with an EBITDA margin expansion of 160 basis points to 29.3% [3][6] Pricing and Profitability - Aggregates mix-adjusted price improved by 6% for the full year and 5% in Q4, with cash gross profit per ton increasing by 7% for the year [1] - Aggregates cash gross profit per ton reached $11.33, meeting the company's target range of $11–$12 [3] 2026 Guidance - Management guided for Adjusted EBITDA of $2.4–$2.6 billion in 2026, with aggregates shipments expected to grow by 1–3% and freight-adjusted prices to rise by 4–6% [5][15] - The company anticipates continued shareholder returns and an active M&A agenda [5] Market Dynamics - Public infrastructure demand remains strong, while single-family residential activity is weaker than expected, impacting volumes and pricing [4][6] - Highway starts in Vulcan markets are growing at three times the overall U.S. rate, with significant unspent IIJA funding expected to support future growth [12] Capital Allocation and Shareholder Returns - The company returned $260 million to shareholders via dividends and $438 million through share repurchases, supported by strong cash generation [17] - Vulcan ended 2025 with a net debt to Adjusted EBITDA ratio of 1.8x, having redeemed $400 million of 2025 notes and paid down $550 million of commercial paper [17] M&A Activity - 2025 focused on integrating two large acquisitions, with expectations for a more active M&A environment in 2026, potentially expanding beyond current geography [18]

Core Insights - Knife River entered 2026 with a record backlog of approximately $1 billion, up 38% from the previous year, with about 90% tied to public work [2] - The company reported a strong fourth quarter in 2025, achieving a 47% increase in adjusted EBITDA and a gross margin of nearly 19%, driven by cost controls and favorable weather [4][6] - Management emphasized a favorable infrastructure environment, with healthy DOT budgets and significant IIJA funding remaining to be disbursed [3] Backlog and Project Focus - The backlog consists mainly of lower-risk public paving projects with contract values under $5 million, while private opportunities are emerging in data centers and manufacturing facilities [2] - The geographic mix of backlog has shifted towards the Mountain and Central regions, with Oregon experiencing softness [1] Segment Performance - In the West, profitability was driven by legacy Pacific operations despite a softer economy in Oregon, with significant projects in California and Hawaii [7] - The Mountain segment saw a nearly 20% increase in construction revenue year-over-year, with improved asphalt and ready-mix margins [8] - The Central segment was pivotal in 2025, with successful acquisitions and major contracting projects, including a $112 million project in Texas [9] - The Energy Services segment remains margin accretive, focusing on operational improvements and higher-margin products [10] Financial Performance and Guidance - Knife River's adjusted EBITDA grew 7% to $497 million in 2025, marking a company record [5] - For 2026, management guided consolidated revenue of $3.3 billion to $3.5 billion and adjusted EBITDA of $520 million to $560 million, implying an adjusted EBITDA margin of about 16% [15] - The company invested $789 million in growth initiatives in 2025, with expectations for maintenance and improvement capex to remain between 5% and 7% of revenue in 2026 [13][14] Pricing and Cost Management - Dynamic pricing strategies led to a 9% improvement in aggregates pricing in 2025, with expectations to continue optimizing pricing in 2026 [11] - The company anticipates mid-single-digit volume growth and pricing increases in aggregates for 2026, along with margin expansion [18]