Arcosa (ACA) fell about 5% in Friday trading (May 1, 2026), even after reporting first-quarter 2026 results and raising full-year 2026 guidance for continuing operations. The pullback appears driven by a “reset” in how the market is modeling Arcosa after the barge-business divestiture and by investor focus on revenue and segment mix rather than the headline guidance increase. (marketscreener.com)

For Q1 2026, Arcosa posted consolidated revenue of $663.3 million and net income of $37.8 million, with adjusted EBITDA of $121.3 million. The company also highlighted continuing-operations revenue of $571.7 million and income from continuing operations of $23.3 million (excluding the barge business for comparability). (marketscreener.com)

Arcosa lifted its 2026 outlook for continuing operations, raising revenue guidance to $2.6–$2.7 billion (from $2.54–$2.67 billion) and adjusted EBITDA guidance to $545–$585 million (from $520–$565 million). However, management also removed the barge business contribution that had been included in the prior total-company range (previously $410–$430 million of revenue and $70–$75 million of adjusted EBITDA), which can create confusion in headline comparisons and trigger profit-taking or model recalibrations. (marketscreener.com)

Arcosa said it used $83 million of cash proceeds from the barge sale to prepay a portion of its term loan in April 2026, and cited a pro forma net-debt-to-adjusted-EBITDA ratio of 1.9x after the divestiture. The company also noted $17.5 million of share repurchases during the quarter, leaving $32.5 million remaining under its authorization, as investors weigh capital allocation alongside the reshaped two-segment structure (Construction Products and Engineered Structures). (stocktitan.net)