Arcosa, Inc. (NYSE:ACA) Q1 2022 Earnings Conference Call April 29, 2022 8:30 AM ET

Company Participants

Erin Drabek – Director-Investor Relations

Antonio Carrillo – President and Chief Executive Officer

Gail Peck – Chief Financial Officer

Conference Call Participants

Ian Zaffino – Oppenheimer

Brent Thielman – D.A. Davidson

Garik Shmois – Loop Capital

Julio Romero – Sidoti & Company

Trey Grooms – Stephens

Daniel Wang – Berenberg

Stefanos Christ – CJS Securities

Operator

Good morning, ladies and gentlemen, and welcome to Arcosa, Inc. First Quarter 2022 Earnings Conference Call. My name is Carlos, and I will be your conference call coordinator today. As a reminder, today’s call is being recorded.

Now I would like to turn the call over to your host, Erin Drabek, Director of Investor Relations for Arcosa. Ms. Drabek, you may begin.

Erin Drabek

Good morning, everyone, and thank you for joining Arcosa’s first quarter 2022 Earnings Call. With me today are Antonio Carrillo, President and CEO; and Gail Peck, CFO. A question-and-answer session will follow their prepared remarks. A copy of yesterday’s press release and the slide presentation for this morning’s call are posted on our Investor Relations website, ir.arcosa.com.

A replay of today’s call will be available for the next two weeks. Instructions for accessing the replay number are included in the press release. A replay of the webcast will be available for one year on our website under the News and Events tab.

Today’s comments and presentation slides contain financial measures that have not been prepared in accordance with GAAP. Reconciliations of non-GAAP financial measures to the closest GAAP measure are included in the appendix of the slide presentation. In addition, today’s conference call contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Please refer to the company’s SEC filings for more information on these risks and uncertainties, including the press release we filed yesterday and our Form 10-Q, we expect to be filed later today.

I would now like to turn the call over to Antonio.

Antonio Carrillo

Thank you, Erin. Good morning, everyone, and thank you for joining today’s call. Starting on Slide 4, I’ll begin with some first quarter highlights. Less our growth businesses, construction products and engineered structures, our quarter delivered strong first quarter results with adjusted EBITDA growth of 30% outpacing revenue growth. Our results were driven by healthy infrastructure-led fundamentals and proactive pricing actions supported by solid operational performance.