Arcosa, Inc. (NYSE:ACA) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET

Company Participants

Erin Drabek - Director, IR

Antonio Carrillo - President and CEO

Gail Peck - CFO

Conference Call Participants

Garik Shmois - Loop Capital

Trey Grooms - Stephens

Brent Thielman - D.A. Davidson

Alex Hantman - Sidoti & Company

Operator

Good morning, ladies and gentlemen, and welcome to the Arcosa, Inc. Third Quarter 2023 Earnings Conference Call. My name is Shelby, 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 third quarter 2023 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 expected to be filed later today.

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

Antonio Carrillo

Thank you, Erin. Good morning. Thank you for joining us to discuss our third quarter results and outlook for the remainder of 2023.

Please turn to Page 4. Arcosa generated double-digit growth in revenue and adjusted EBITDA normalizing for the divestiture of the storage tank business. Our solid financial results underscore the resilience of our diversified portfolio and the enhanced operating leverage in our cyclical businesses as production volumes improve.