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AI brief of an SEC Form 8-K · Arcosa (ACA)

Arcosa agrees to buy Stavola for $1.2 billion; Q2 revenue rises 14% to $664.7 million

Positive Impact 4 of 5 m&a Written later

Arcosa said its subsidiary agreed on August 1, 2024 to buy the construction materials business of Stavola Holding Corporation for a cash price of about $1.2 billion, with closing expected in the fourth quarter of 2024. The same day, Arcosa reported second-quarter results with revenue up 14% and diluted EPS up to $0.93 from $0.84, and raised the low end of its full-year adjusted EBITDA guidance, though operating cash flow fell sharply.

Key points

  • Purchase agreement dated August 1, 2024 for Stavola's business at about $1.2 billion cash, subject to adjustments; expected close in Q4 2024 and terminable if not closed by November 1, 2024
  • Commitment letter for a $1.2 billion 364-day bridge loan, with Arcosa expecting to raise permanent long-term debt before closing
  • Q2 2024 revenues $664.7 million (up 14%), net income $45.6 million (up 11%), diluted EPS $0.93 vs. $0.84; adjusted EBITDA $112.7 million (up 31%)
  • Full-year 2024 adjusted EBITDA range raised to $420 million to $440 million from $410 million to $440 million; operating cash flow fell to $38.3 million from $127.6 million

The filing

CompanyArcosa (ACA)
Form8-K, current report
Filed with the SECAug 1, 2024, 4:21 PM ET
Accession number0001739445-24-000111

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.