secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0000792987-26-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astec Q1 net sales up 20% to $396.3M but GAAP EPS slumps 90% to $0.06
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- Net sales $396.3M (+20.3% YoY) driven by 70.6% jump in Materials Solutions to $159.3M.
- GAAP net income $1.3M ($0.06 diluted EPS) vs $14.3M ($0.62) a year ago; adjusted EPS $0.54.
- EBITDA $23.6M (-14.2%); adjusted EBITDA $30.3M; both margins declined vs Q1 2025.
- Backlog $549.2M (+36.4% YoY); Infrastructure backlog +13.1%, Materials +87.5%.
- FY2026 adjusted EBITDA guidance reaffirmed at $170M-$190M; Q1 impacted by ConExpo and tariffs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298726000025/0000792987-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298726000025/aste-20260506.htm
  HTML page:      https://secwatch.observer/filing/0000792987-26-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer