Arcosa, Inc (NYSE:ACA) Q3 2018 Earnings Conference Call - Final Transcript

Feb 28, 2019 • 08:30 am ET


Arcosa, Inc (NYSE:ACA) Q3 2018 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning, ladies and gentlemen, and welcome to the Arcosa, Inc. Fourth Quarter and Full Year 2018 Earnings Conference Call. My name is Bree, and I'll 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, Gail Peck, SVP, finance and treasurer for Arcosa. Ms. Peck, you may begin.

Gail Peck

Good morning, everyone. Thank you for joining our fourth quarter and full year 2018 earnings call. With me today are; Antonio Carrillo, President and CEO; and Scott Beasley, CFO. The question-and-answer session will follow their prepared remarks.

A copy of yesterday's press release and a slide presentation for this morning's call are posted at our website, You can access the presentation by going to the Events tab under the Investors section of the website. 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.

Today's comments and presentation slides contain financial measures that have not been prepared in accordance with generally accepted accounting principles. Reconciliations of non-GAAP financial measures to the closest GAAP measure are included in the appendix of the slide presentation. Let me also remind you that 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, including its Form 10-K, that is expected to be filed later today for more information on these risks and uncertainties.

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

Antonio Carrillo

Thank you, Gail. Good morning, everyone, and thank you for joining us to review our fourth quarter results and the outlook for 2019.

I will begin my comments with Slide number four. The fourth quarter was an exciting and productive time for us. Arcosa became an independent public Company on November 1st. On December 5th, we closed a sizable acquisition that scales our Construction Products Group. We also divested two small business units in which we did not believe we could be competitive, and our fourth quarter financials reflected year-over-year improvement across key metrics. Additionally, as we look ahead, we're seeing positive trends in several of our businesses that support our confidence in Arcosa's growth prospects.

Arcosa entered the public markets positioned for growth. We have a very strong balance sheet providing the resources to fund future expansion. We have a hand-picked management team that has a history of working well together and that is focused and incentivized, and we are operating with a lean corporate structure that gives us the flexibility to capitalize on growth opportunities. Thanks to those attributes, we have been able to hit the ground running, executing on several of our strategic priorities, which are shown on Slide