<p>Arcosa 最近的财报电话会议描绘了强劲的增长和战略成功，创下了破纪录的收入和令人印象深刻的增长指标。尽管在有机销量增长和生产停工方面面临一些挑战，但整体情绪依然积极，得益于成功的收购和战略扩张。</p>
<h2>创纪录的收入和增长</h2>
<p>Arcosa 报告了第三季度创纪录的业绩，收入激增 27%，调整后的 EBITDA 增长 51%，不包括剥离的钢铁组件业务。调整后的 EBITDA 利润率达到 21.8% 的新高，比去年提高了 340 个基点。</p>
<h2>成功整合 Stavola 收购</h2>
<p>12 亿美元收购 Stavola 在 Arcosa 的增长中发挥了关键作用，为截至 9 月 30 日的 12 个月贡献了 1.05 亿美元的调整后 EBITDA，利润率达到 35.2%。</p>
<h2>建筑产品的强劲表现</h2>
<p>Arcosa 的建筑产品部门在第三季度收入上实现了显著的 46% 增长，调整后的部门 EBITDA 增长了 62%。该部门的利润率扩大了 300 个基点，达到了 29.7%。</p>
<h2>工程结构部门增长</h2>
<p>工程结构部门实现了强劲的有机增长，调整后的 EBITDA 增长了 29%，利润率扩大了 240 个基点。</p>
<h2>积极的现金流和债务减少</h2>
<p>Arcosa 实现了 2.4 倍的杠杆比率，超出了其计划，并产生了 1.34 亿美元的自由现金流，同比增长 25%。</p>
<h2>内陆驳船业务改善</h2>
<p>内陆驳船业务显示出显著改善，收入增长 22%，调整后的部门 EBITDA 增长 36%，主要受益于油罐驳船的更高运输量。</p>
<h2>骨料的有机销量下降</h2>
<p>尽管整体增长，Arcosa 在骨料的有机销量上经历了中个位数的下降，但这一下降被 Stavola 的加入所抵消。</p>
<h2>骨料生产停工</h2>
<p>计划外的设备维修导致天然骨料地点的生产停工，负面影响了成本吸收。</p>
<h2>住宅市场疲软</h2>
<p>预计在下半年住宅市场的复苏并未实现，影响了销量趋势。</p>
<h2>前瞻性指导</h2>
<p>展望未来，Arcosa 对 2025 年提供了乐观的指导，预计调整后的 EBITDA 增长 32%，预计收入在 28.6 亿至 29.1 亿美元之间。公司还报告了截至目前驳船业务积压订单增长 16%，显示出强劲的未来需求。</p>
<p>总之，Arcosa 的财报电话会议强调了一个显著增长和战略成功的时期，得益于创纪录的收入和成功的收购。尽管注意到有机销量增长和生产停工方面的挑战，但整体前景依然积极，前瞻性指导强劲，预计将持续增长。</p>

<p>Arcosa 最近的财报电话会议强调了创纪录的增长，第三季度收入增长了 27%，调整后的 EBITDA 上升了 51%。12 亿美元的 Stavola 收购对这一成功贡献显著，产生了 1.05 亿美元的调整后 EBITDA。建筑产品部门的收入增长了 46%，而工程结构部门的 EBITDA 增长了 29%。尽管在有机销量和生产停工方面面临挑战，Arcosa 预计 2025 年调整后的 EBITDA 将增长 32%，预计收入在 28.6 亿美元至 29.1 亿美元之间，显示出积极的前景</p>

<p>Arcosa’s recent earnings call painted a picture of robust growth and strategic success, with record-breaking revenue and impressive growth metrics. Despite facing some challenges in organic volume growth and production downtime, the overall sentiment was positive, buoyed by successful acquisitions and strategic expansions.</p>
<div class="lb-trans"><p>Arcosa 最近的财报电话会议描绘了强劲的增长和战略成功，创下了破纪录的收入和令人印象深刻的增长指标。尽管在有机销量增长和生产停工方面面临一些挑战，但整体情绪依然积极，得益于成功的收购和战略扩张。</p>
</div><h2>Record-Breaking Revenue and Growth</h2>
<div class="lb-trans"><h2>创纪录的收入和增长</h2>
</div><p>Arcosa reported a record quarter for Q3, with revenue surging by 27% and adjusted EBITDA growing by 51%, excluding the divested steel components business. The adjusted EBITDA margin reached a new high of 21.8%, marking an improvement of 340 basis points compared to the previous year.</p>
<div class="lb-trans"><p>Arcosa 报告了第三季度创纪录的业绩，收入激增 27%，调整后的 EBITDA 增长 51%，不包括剥离的钢铁组件业务。调整后的 EBITDA 利润率达到 21.8% 的新高，比去年提高了 340 个基点。</p>
</div><h2>Successful Integration of Stavola Acquisition</h2>
<div class="lb-trans"><h2>成功整合 Stavola 收购</h2>
</div><p>The $1.2 billion acquisition of Stavola played a pivotal role in Arcosa’s growth, contributing $105 million in adjusted EBITDA with an impressive 35.2% margin for the 12 months ending September 30.</p>
<div class="lb-trans"><p>12 亿美元收购 Stavola 在 Arcosa 的增长中发挥了关键作用，为截至 9 月 30 日的 12 个月贡献了 1.05 亿美元的调整后 EBITDA，利润率达到 35.2%。</p>
</div><h2>Strong Performance in Construction Products</h2>
<div class="lb-trans"><h2>建筑产品的强劲表现</h2>
</div><p>Arcosa’s Construction Products segment saw a remarkable 46% increase in third-quarter revenues, with adjusted segment EBITDA rising by 62%. The segment’s margin expanded by 300 basis points to 29.7%.</p>
<div class="lb-trans"><p>Arcosa 的建筑产品部门在第三季度收入上实现了显著的 46% 增长，调整后的部门 EBITDA 增长了 62%。该部门的利润率扩大了 300 个基点，达到了 29.7%。</p>
</div><h2>Engineered Structures Segment Growth</h2>
<div class="lb-trans"><h2>工程结构部门增长</h2>
</div><p>The Engineered Structures segment delivered strong organic growth, with adjusted EBITDA increasing by 29% and margins expanding by 240 basis points.</p>
<div class="lb-trans"><p>工程结构部门实现了强劲的有机增长，调整后的 EBITDA 增长了 29%，利润率扩大了 240 个基点。</p>
</div><h2>Positive Cash Flow and Debt Reduction</h2>
<div class="lb-trans"><h2>积极的现金流和债务减少</h2>
</div><p>Arcosa achieved a leverage ratio of 2.4x, ahead of its plan, and generated a free cash flow of $134 million, marking a 25% increase year-over-year.</p>
<div class="lb-trans"><p>Arcosa 实现了 2.4 倍的杠杆比率，超出了其计划，并产生了 1.34 亿美元的自由现金流，同比增长 25%。</p>
</div><h2>Inland Barge Business Improvement</h2>
<div class="lb-trans"><h2>内陆驳船业务改善</h2>
</div><p>The inland barge business showed significant improvement, with revenues up 22% and adjusted segment EBITDA increasing by 36%, driven by higher tank barge volumes.</p>
<div class="lb-trans"><p>内陆驳船业务显示出显著改善，收入增长 22%，调整后的部门 EBITDA 增长 36%，主要受益于油罐驳船的更高运输量。</p>
</div><h2>Organic Volume Decline in Aggregates</h2>
<div class="lb-trans"><h2>骨料的有机销量下降</h2>
</div><p>Despite overall growth, Arcosa experienced a mid-single-digit decline in organic volumes in aggregates, which was offset by the addition of Stavola.</p>
<div class="lb-trans"><p>尽管整体增长，Arcosa 在骨料的有机销量上经历了中个位数的下降，但这一下降被 Stavola 的加入所抵消。</p>
</div><h2>Production Downtime in Aggregates</h2>
<div class="lb-trans"><h2>骨料生产停工</h2>
</div><p>Unplanned equipment repairs led to production downtime at natural aggregates locations, negatively impacting cost absorption.</p>
<div class="lb-trans"><p>计划外的设备维修导致天然骨料地点的生产停工，负面影响了成本吸收。</p>
</div><h2>Residential Market Weakness</h2>
<div class="lb-trans"><h2>住宅市场疲软</h2>
</div><p>The anticipated recovery in the residential markets did not materialize in the second half of the year, affecting volume trends.</p>
<div class="lb-trans"><p>预计在下半年住宅市场的复苏并未实现，影响了销量趋势。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Arcosa provided optimistic guidance for 2025, projecting a 32% growth in adjusted EBITDA and anticipated revenues between $2.86 billion and $2.91 billion. The company also reported a 16% increase in its barge business backlog year-to-date, indicating strong future demand.</p>
<div class="lb-trans"><p>展望未来，Arcosa 对 2025 年提供了乐观的指导，预计调整后的 EBITDA 增长 32%，预计收入在 28.6 亿至 29.1 亿美元之间。公司还报告了截至目前驳船业务积压订单增长 16%，显示出强劲的未来需求。</p>
</div><p>In conclusion, Arcosa’s earnings call highlighted a period of significant growth and strategic success, driven by record-breaking revenue and successful acquisitions. While challenges in organic volume growth and production downtime were noted, the overall outlook remains positive, with strong forward-looking guidance and expectations for continued growth.</p>
<div class="lb-trans"><p>总之，Arcosa 的财报电话会议强调了一个显著增长和战略成功的时期，得益于创纪录的收入和成功的收购。尽管注意到有机销量增长和生产停工方面的挑战，但整体前景依然积极，前瞻性指导强劲，预计将持续增长。</p>
</div>

Arcosa 的财报电话会议突出了其创纪录的增长和战略上的成功