Arcosa Inc. 2025年季度报告

Washington,D.C. 20549Form10-Q (Mark One)☑QUARTERLY REPORT PURSUANT TO SECTION13OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934FOR THE QUARTERLY PERIOD ENDEDMarch 31, 2025 TRANSITION REPORT PURSUANT TOSECTION13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934For the transition period from_________ to _________ . (Exact name of registrant as specified in its charter) Delaware 82-5339416(I.R.S. Employer Identification No.) (State or Other Jurisdiction of Incorporation or Organization) (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each classCommon Stock ($0.01 par value)Indicate by check mark whether the registrant (1)has filed all reports requiredto be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filingrequirements for the past 90days.YesþNo☐Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmittedpursuant to Rule405 of RegulationS-T(§232.405 of this chapter) during the preceding 12months (or for suchshorter periodthat the registrant was required to submit suchfiles).YesþNo☐Indicate by check mark whether the registrant is a large accelerated filer, anaccelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See thedefinitions of “large accelerated filer,” “accelerated filer,” “smaller Large accelerated filerþAccelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shellcompany (as defined in Rule 12b-2 of the Exchange Act).Yes☐NoþAt April15, 2025, the number of shares of common stock outstanding was48,816,087. Arcosa, Inc. and SubsidiariesNotes to Consolidated Financial Statements Note 1.Overview and Summary of Significant Accounting Policies Basis of Presentation Arcosa, Inc. and its consolidated subsidiaries (“Arcosa,” the “Company,” “we,” or “our”), headquartered in Dallas, Texas, isa provider of infrastructure-related products and solutions with leading brands serving construction, engineered structures,and transportation markets in North America. Arcosa is a Delaware corporation and was incorporated in 2018 as a publicly- The accompanying Consolidated Financial Statements are unaudited and have been prepared from the books and recordsof Arcosa, Inc. and its consolidated subsidiaries. All normal and recurring adjustments necessary for a fair presentation ofthe financial position of the Company and the results of operations, comprehensive income/loss, and cash flows have beenmade in conformity with accounting principles generally accepted in the U.S. (“GAAP”). All significant intercompany accounts These interim financial statements and notes are condensed as permitted by the instructions to Form 10-Q and should beread in conjunction with the audited Consolidated Financial Statements of the Company included in its Annual Report on Stockholders' Equity InDecember 2024, the Company’s Board of Directors (the “Board") authorized a $50.0millionshare repurchase programeffectiveJanuary1, 2025throughDecember31, 2026 to replace an expiring program of the same amount. For the threemonths ended March31, 2025, the Company did not repurchase any shares, leaving the full amount of the $50.0million Revenue Recognition Revenue is measured based on the allocation of the transaction price in a contract to satisfied performance obligations.The transaction price does not include any amounts collected on behalf of third parties. The Company recognizes revenuewhen it satisfies a performance obligation by transferring control over a product or service to a customer. The following is a Construction Products The Construction Products segment recognizes substantially all revenue when the customer has accepted the product and Engineered Structures Within the Engineered Structures segment, revenue is recognized for wind towers and certain utility structures over timeas the products are manufactured using an input approach based on the costs incurred relative to the total estimated costsof production. We recognize revenue over time for these products as they are highly customized to the needs of anindividual customer resulting in no alternative use to the Company if not purchased by the customer after the contract isexecuted. In addition, we have the right to bill the customer for our work performed to date plus at least a reasonable profit Transportation Products The Transportation Products segment recognizes revenue when the custo