Astec Q1 net sales $329.4M, net income $14.3M; agrees to buy TerraSource for $245M cash

ASTEC INDUSTRIES INC

2025-Q1 EPS reported $0.62 revenue$329,400,000

Diluted EPS $0.62 (vs $0.15); adjusted EPS $0.88; net income up 320% YoY.
Infrastructure Solutions net sales +16.7% to $236M; Material Solutions -12.7% to $93.4M.
Reaffirms FY 2025 adjusted EBITDA guidance $105-125M, excluding TerraSource.
Acquires TerraSource for $245M cash; expected close early Q3 2025; 5.9x adj. EBITDA multiple.
TerraSource 2024 revenue >$150M; aftermarket ~60% of revenue; $10M annual synergies target.

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