Arcosa, Inc.ACA
Arcosa, Inc. Segments Disclosure
Segment Information
The Company's operating segments are identified on the basis of information that is reviewed by our chief operating decision maker, the Chief Executive Officer, to make decisions about resources to be allocated and assess performance. The Company reports operating results in three principal business segments:
Construction Products. The Construction Products segment primarily produces and sells natural and recycled aggregates, specialty materials, asphalt mix, and construction site support equipment, including trench shields and shoring products.
Engineered Structures. The Engineered Structures segment primarily manufactures and sells steel and concrete structures for infrastructure businesses, including utility structures for electricity transmission and distribution, structural wind towers, traffic and lighting structures, and telecommunication structures. These products share similar manufacturing competencies and steel sourcing requirements and can be manufactured across our North American footprint.
Transportation Products. The Transportation Products segment manufactures and sells inland barges, fiberglass barge covers, winches, marine hardware, and other transportation and industrial equipment. In August 2024, the Company completed the sale of its steel components business, which manufactured and sold steel components for railcars. In February 2026, the Company announced an agreement to sell its barge business. See Note 2. "Acquisitions and Divestitures".
The financial information for these segments is shown in the tables below. We operate principally in North America.
Year Ended December 31, 2025
| Construction Products | Engineered Structures | Transportation Products | Corporate | Eliminations | Consolidated | ||||||||||||||||||||||||||||||
| Revenues | $ | 1,310.2 | $ | 1,189.9 | $ | 383.3 | $ | — | $ | — | $ | 2,883.4 | |||||||||||||||||||||||
| Operating Costs | |||||||||||||||||||||||||||||||||||
| Cost of revenues | 1,005.7 | 925.3 | 305.2 | — | — | 2,236.2 | |||||||||||||||||||||||||||||
| Selling, general, and administrative | 130.0 | 95.7 | 17.3 | 64.1 | — | 307.1 | |||||||||||||||||||||||||||||
| Other operating (income) expense | (15.2) | (1.3) | 14.7 | — | — | (1.8) | |||||||||||||||||||||||||||||
| Operating profit (loss) | $ | 189.7 | $ | 170.2 | $ | 46.1 | $ | (64.1) | $ | — | $ | 341.9 | |||||||||||||||||||||||
| Depreciation, depletion, and amortization | $ | 164.7 | $ | 49.1 | $ | 7.5 | $ | 1.7 | $ | — | $ | 223.0 | |||||||||||||||||||||||
| Assets | $ | 3,281.9 | $ | 1,245.2 | $ | 168.0 | $ | 290.1 | $ | — | $ | 4,985.2 | |||||||||||||||||||||||
| Capital Expenditures | $ | 113.0 | $ | 46.1 | $ | 4.7 | $ | 1.8 | $ | — | $ | 165.6 | |||||||||||||||||||||||
Year Ended December 31, 2024
| Construction Products | Engineered Structures | Transportation Products | Corporate | Eliminations | Consolidated | ||||||||||||||||||||||||||||||
| Revenues | $ | 1,105.1 | $ | 1,047.3 | $ | 417.6 | $ | — | $ | (0.1) | $ | 2,569.9 | |||||||||||||||||||||||
| Operating Costs | |||||||||||||||||||||||||||||||||||
| Cost of revenues | 864.0 | 847.5 | 343.3 | — | (0.1) | 2,054.7 | |||||||||||||||||||||||||||||
| Selling, general, and administrative | 116.2 | 88.4 | 22.5 | 92.9 | — | 320.0 | |||||||||||||||||||||||||||||
| Other operating (income) expense | (9.0) | (15.0) | 21.6 | — | — | (2.4) | |||||||||||||||||||||||||||||
| Operating profit (loss) | $ | 133.9 | $ | 126.4 | $ | 30.2 | $ | (92.9) | $ | — | $ | 197.6 | |||||||||||||||||||||||
| Depreciation, depletion, and amortization | $ | 134.7 | $ | 45.4 | $ | 12.6 | $ | 2.3 | $ | — | $ | 195.0 | |||||||||||||||||||||||
| Assets | $ | 3,304.9 | $ | 1,191.5 | $ | 149.6 | $ | 269.5 | $ | — | $ | 4,915.5 | |||||||||||||||||||||||
| Capital Expenditures | $ | 111.7 | $ | 64.4 | $ | 11.0 | $ | 2.6 | $ | — | $ | 189.7 | |||||||||||||||||||||||
Year Ended December 31, 2023
| Construction Products | Engineered Structures | Transportation Products | Corporate | Eliminations | Consolidated | ||||||||||||||||||||||||||||||
| Revenues | $ | 1,001.3 | $ | 873.5 | $ | 433.5 | $ | — | $ | (0.4) | $ | 2,307.9 | |||||||||||||||||||||||
| Operating Costs | |||||||||||||||||||||||||||||||||||
| Cost of revenues | 783.9 | 718.3 | 362.3 | — | (0.4) | 1,864.1 | |||||||||||||||||||||||||||||
| Selling, general, and administrative | 107.0 | 65.9 | 25.4 | 62.8 | — | 261.1 | |||||||||||||||||||||||||||||
| Other operating income | (28.2) | (6.4) | — | — | — | (34.6) | |||||||||||||||||||||||||||||
| Operating profit (loss) | $ | 138.6 | $ | 95.7 | $ | 45.8 | $ | (62.8) | $ | — | $ | 217.3 | |||||||||||||||||||||||
| Depreciation, depletion, and amortization | $ | 111.7 | $ | 26.6 | $ | 16.0 | $ | 5.2 | $ | — | $ | 159.5 | |||||||||||||||||||||||
| Assets | $ | 2,043.1 | $ | 1,063.4 | $ | 308.2 | $ | 163.2 | $ | — | $ | 3,577.9 | |||||||||||||||||||||||
| Capital Expenditures | $ | 89.9 | $ | 97.8 | $ | 13.9 | $ | 1.9 | $ | — | $ | 203.5 | |||||||||||||||||||||||
Corporate assets are composed of cash and cash equivalents, certain property, plant, and equipment, and other assets. Capital expenditures exclude amounts paid for business acquisitions, but include amounts paid for the acquisition of land and reserves in our Construction Products segment.
Revenues from one customer included in the Engineered Structures segment constituted 12.2%, 10.8%, and 8.1% of consolidated revenues for the years ended December 31, 2025, 2024, and 2023, respectively.
Revenues and operating profit (loss) for our U.S. and foreign operations for the years ended December 31, 2025, 2024, and 2023 are presented below. Our primary foreign operations are in Mexico, while Canadian operations are not significant in relation to the Consolidated Financial Statements.
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (in millions) | |||||||||||||||||
| U.S.: | |||||||||||||||||
| Revenues: | |||||||||||||||||
| External | $ | 2,877.5 | $ | 2,556.2 | $ | 2,271.5 | |||||||||||
| Intercompany | 111.8 | 47.6 | 40.5 | ||||||||||||||
| $ | 2,989.3 | $ | 2,603.8 | $ | 2,312.0 | ||||||||||||
| Operating profit (loss) | $ | 344.0 | $ | 199.9 | $ | 210.7 | |||||||||||
| Foreign operations: | |||||||||||||||||
| Revenues: | |||||||||||||||||
| External | $ | 5.9 | $ | 13.7 | $ | 36.4 | |||||||||||
| Intercompany | 84.1 | 77.8 | 62.4 | ||||||||||||||
| $ | 90.0 | $ | 91.5 | $ | 98.8 | ||||||||||||
| Operating profit (loss) | $ | (2.1) | $ | (2.3) | $ | 6.6 | |||||||||||
Total assets and long-lived assets for our U.S. and foreign operations as of December 31, 2025 and 2024 are presented below:
| Total Assets | Long-Lived Assets | ||||||||||||||||||||||
| December 31, | |||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||
| (in millions) | |||||||||||||||||||||||
| U.S. | $ | 4,821.0 | $ | 4,762.6 | $ | 1,990.6 | $ | 2,024.9 | |||||||||||||||
| Foreign operations | $ | 164.2 | $ | 152.9 | $ | 107.2 | $ | 104.5 | |||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 28, 2019 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.