NYSE:ACAConstruction
Arcosa Refocuses On Infrastructure As Barge Sale Reshapes Earnings Story
Arcosa (NYSE:ACA) announced the sale of its barge business and is shifting its focus toward construction materials and engineered structures.
The move is aimed at concentrating resources on U.S. infrastructure and power related businesses that management views as core to the company.
Arcosa, trading at $111.28 at the last close, is coming off a strong longer term stretch, with the stock up 37.0% over the past year and 87.8% over three years. The company is also ahead 76.5% over five years,...