Arcosa, Inc. (NYSE:ACA) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET
Company Participants
Erin Drabek - Director of Investor Relations
Antonio Carrillo - President and Chief Executive Officer
Gail Peck - Chief Financial Officer
Conference Call Participants
Trey Grooms - Stephens, Inc.
Ian Zaffino - Oppenheimer & Co. Inc.
Brent Thielman - D.A. Davidson & Co.
Operator
Good morning, ladies and gentlemen, and welcome to the Arcosa, Inc. Third Quarter 2024 Earnings Conference Call. My name is Jim and I will be your conference operator today. As a reminder, today's conference is being recorded. And 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 2024 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 the press release issued yesterday 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 includes 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, everyone, and thank you for joining us today. There are three key takeaways I want to highlight as we look our third quarter progress, which you can see on Slide 4. First, our third quarter performance and profitability were strong, a result of our success in growing the business with meaningful margin expansion. During the third quarter, adjusted EBITDA grew significantly faster than our top line growth. We also generated free cash flow of $107 million as we prioritized working capital management.