ARC's results during the first quarter of 2024 were "very decent," according to industry veteran observer Joel Salus. Salus prepared the two charts below. The first s preadsheet shows ARC's Revenues for Years 2019 through 2023 and for Q1 2024. (This data comes from ARC's 10Q’s and 10K’s.) And the second spreadsheet shows Total Construction Spending (Construction-Put-In-Place) for Years 2005 through 2023 and thru March 31st, 2024 vs. ARC’s Revenues for the same periods. (Construction spending data is published by the US Census Bureau.)
