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8th grade Avg
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New words:
accretive, Alabama, Ameron, broad, buyer, California, CEMC, disaggregated, disaggregation, exceed, ExhibitsNO, filling, firm, hand, headcount, hopper, inventory, jurisdiction, Lake, lighting, low, membership, Oilwell, Oklahoma, persistently, Pole, reconciliation, recovering, Restoration, roughly, satisfaction, slight, slightly, standard, startup, telecom, transparency, Varco
Removed:
accurately, acquirer, add, adjusted, adversely, agricultural, ammonia, anticipate, area, begin, closing, closure, Combined, comply, conform, continued, continuously, conveyance, critical, cycle, dated, demonstrate, depend, digital, discussed, disseminate, economic, elimination, enacted, ensuing, ESG, evolving, false, final, fourth, fraudulent, hedging, idling, improper, increasing, initial, life, Los, Louisiana, make, media, metropolitan, misleading, monitoring, November, observed, optional, ordered, outbreak, parent, predict, preparation, pressure, priority, produced, productivity, promote, propane, qualify, rail, RAMCO, ramp, rebound, redeemed, refundable, relation, reoccurrence, response, separation, serving, significantly, slowdown, social, softening, stable, strive, strong, taxable, transition, Trinity, unable, underlying, United, unreliable, voluntary, weakening
Financial report summary
?Competition
BroadwindRisks
- The seasonality of Arcosa's business and its susceptibility to severe and prolonged periods of adverse weather and other conditions could have a material adverse effect on us.
- Delays in construction projects and any failure to manage Arcosa’s inventory could have a material adverse effect on us.
- Arcosa operates in highly competitive industries. Arcosa may not be able to sustain its market positions, which may impact its financial results.
- Arcosa's inability to deliver its backlog on time could affect its revenues, future sales and profitability and its relationships with customers.
- Arcosa depends on its key management employees, and Arcosa may not be able to retain their services in the future.
- The inability to hire and retain skilled or professional labor could adversely impact Arcosa’s operations.
- Failure to maintain safe work sites could result in losses, which could adversely affect our business and reputation.
- Some of Arcosa’s employees belong to labor unions and strikes or work stoppages could adversely affect Arcosa’s operations.
- Equipment failures or other material disruption at one or more of Arcosa’s manufacturing facilities or other facilities or in Arcosa’s supply chain could have a material adverse effect on us. In some instances, Arcosa relies on a limited number of suppliers for certain raw materials, parts, and components needed in its production.
- Extensive damage to Arcosa’s facilities, including as a result of natural disasters or similar incidents, could lead to production, delivery or service curtailments or shutdowns, loss of revenue or higher expenses.
- Fluctuations in the price and supply of raw materials and parts and components used in the production of Arcosa’s products could have a material adverse effect on its ability to cost-effectively manufacture and sell its products.
- The availability of natural aggregates reserves, specialty materials reserves, and supply stock for recycled aggregates could have a material adverse effect on Arcosa's ability to cost-effectively manufacture and sell its products.
- Reductions in the availability of energy supplies or an increase in energy costs may increase Arcosa’s operating costs.
- The limited number of customers for certain of Arcosa’s products, the variable purchase patterns of Arcosa’s customers in all of its segments, and the timing of completion, delivery, and customer acceptance of orders may cause Arcosa’s revenues and income from operations to vary substantially each quarter, potentially resulting in significant fluctuations in its quarterly results.
- Any material nonpayment or nonperformance by any of our customers could have a material adverse effect on our business and results of operations.
- Defects in materials and workmanship could harm our reputation, expose us to product warranty or product liability claims, decrease demand for products, or materially harm existing or prospective customer relationships.
- Some of Arcosa’s products are sold to contractors, distributors, installers, and rental companies who may misuse, abuse, improperly install, or improperly or inadequately maintain or repair such products, thereby potentially exposing Arcosa to claims that could increase Arcosa’s costs and weaken Arcosa’s liquidity and financial condition.
- Insurance coverage could be costly, unavailable, or inadequate.
- Arcosa's indebtedness restricts its current and future operations, which could adversely affect its ability to respond to changes in its business and manage its operations.
- Arcosa may be required to reduce the value of Arcosa’s long-lived assets, including intangible assets and/or goodwill, which would weaken Arcosa’s financial results.
- Pandemics, epidemics, or other public health emergencies, as well as the governmental reaction thereto, may adversely affect Arcosa’s business.
- Instability in the economy or negative conditions in credit markets may adversely affect our business by limiting Arcosa's or its customers' and suppliers' access to credit.
- Arcosa and its customers participate in cyclical industries, which are subject to downturns.
- The impact of increased prices and inflation on principal raw material prices, including steel with respect to the order of new barges or wind towers, could negatively impact Arcosa's performance and financial results.
- Risks related to Arcosa’s operations outside of the U.S., particularly Mexico, could decrease Arcosa’s profitability.
- Arcosa may incur increased costs due to fluctuations in foreign currency exchange rates.
- Arcosa may be adversely affected by trade policies and practices, including trade practices of competitors that violate U.S. or other foreign laws, regulations, or practices.
- Arcosa and its customers depend on government spending and funding from federal, state and local government agencies, and any disruption in government funding could harm Arcosa's business.
- Repercussions from terrorist activities or armed conflict could harm Arcosa’s business.
- Litigated disputes and other claims could increase Arcosa’s costs and weaken Arcosa’s liquidity and financial condition.
- Arcosa may not be able to successfully identify, consummate or integrate acquisitions.
- Acquisitions and divestitures bring risks of unexpected liabilities that could harm Arcosa's business.
- Potential expansion of our business may expose us to new business, regulatory, political, operational, financial, and economic risks associated with such expansion, both inside and outside of the U.S.
- Our business is subject to significant regulatory compliance in the U.S., Mexico, and other countries where we do business, and any failure to comply with any current or future laws or regulations could have a material adverse effect on us.
- Arcosa is subject to health and safety laws and regulations and any failure to comply with any current or future laws or regulations could have a material adverse effect on us.
- Arcosa has potential exposure to environmental liabilities that may increase costs and lower profitability.
- Responding to claims relating to improper handling, transport, storage, or disposal of hazardous materials could be time consuming and costly.
- Our manufacturing plants or other facilities may have unknown environmental conditions that could be expensive and time-consuming to correct.
- Business, regulatory, and legal developments regarding climate change, and physical impacts from climate change, could have an adverse effect on our business.
- Arcosa’s sustainability efforts may be costly or may not meet the public sentiments of our stockholders and others with respect to our sustainability practices and related public disclosures.
- The expiration, elimination, modification or reduction of tax benefits or tax credits or the ability to utilize federal-aid programs that allow for purchase price reimbursement or other government funding or subsidies may harm Arcosa's business.
- The inability to produce and disseminate relevant and/or reliable data and information pertaining to Arcosa’s business in an efficient, cost-effective, secure, and well-controlled fashion may have significant negative impacts on confidentiality requirements and obligations and trade secret or other proprietary needs and expectations and, therefore, Arcosa’s future operations, profitability, and competitive position.
- Cybersecurity incidents, whether with Arcosa or a third party, could disrupt our business and result in the compromise of confidential information.
- Arcosa’s inability to sufficiently protect Arcosa’s intellectual property rights could adversely affect Arcosa’s business.
- Arcosa cannot guarantee the timing, amount, or payment of dividends on its common stock.
- Certain provisions in Arcosa’s restated certificate of incorporation and amended and restated bylaws ("Arcosa’s Governing Documents"), and of Delaware law, may prevent or delay an acquisition of Arcosa, which could decrease the trading price of the common stock.
- Arcosa’s stock price may fluctuate significantly.
- Stockholders’ percentage of ownership in Arcosa may be diluted in the future.
Management Discussion
- •Revenues increased 9.0%.
- •Revenues from Construction Products increased primarily due to the contribution from recent acquisitions and higher pricing across our aggregates and specialty material businesses.
- •Revenues from Engineered Structures increased primarily due to increased volumes in our utility structures and wind towers businesses, partially offset by lower utility structures pricing due to product mix.