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Arcosa raises 2023 revenue outlook to $2.2B-$2.3B from $2.15B-$2.25B
The Fly

Arcosa raises 2023 revenue outlook to $2.2B-$2.3B from $2.15B-$2.25B

Consensus $2.19B. The company increased its adjusted EBITDA guidance range to $345M-$370M, from its prior guidance range of $310M-$340M. The company said, "Despite macroeconomic headwinds, Arcosa continues to generate strong financial performance, underscoring the resilience of our businesses and the unwavering dedication of our team. Looking forward, Arcosa remains well-positioned to execute on the numerous expansion opportunities we see across our portfolio, particularly in light of improving market fundamentals that point to a multi-year upcycle for our cyclical businesses. We will continue to manage our business with focus and discipline to drive growth and build long-term shareholder value."

Published first on TheFly

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