Tranche Update on Arcosa, Inc.'s Equity Buyback Plan announced on December 8, 2022.
February 22, 2024 at 04:27 pm EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 200,000 shares, representing 0.41% for $13.75 million. With this, the company has completed the repurchase of 200,000 shares, representing 0.41% for $13.75 million under the buyback announced on December 8, 2022.
Arcosa, Inc. is a provider of infrastructure-related products and solutions. It operates through three segments: Construction Products, Engineered Structures and Transportation Products. Its Construction Products segment produces and sells natural and recycled aggregates, specialty materials, and construction site support equipment, including trench shields and shoring products. Its Engineered Structures segment manufactures and sells steel structures for infrastructure businesses, including utility structures for electricity transmission and distribution, structural wind towers, traffic structures, and telecommunication structures. Its Transportation Products segment manufactures and sells inland barges, fiberglass barge covers, winches, marine hardware, and steel components for railcars and other transportation and industrial equipment. It also manufactures concrete and steel poles for a range of infrastructure applications, including lighting, traffic, and electric distribution.