earnings
confidence high
sentiment negative
materiality 0.75
Astec Q2 sales up 23.6% to $408M; cuts FY 2026 adjusted EBITDA guidance to $160-175M
ASTEC INDUSTRIES INC
- Net sales $408.1M (+23.6% YoY); GAAP diluted EPS $0.45, adjusted EPS $0.94.
- Backlog $601.1M (+57.9%); Materials Solutions orders strong, book-to-bill 142.2%.
- FY 2026 adjusted EBITDA guidance cut to $160-175M from $170-190M due to macro-driven asphalt plant shipment delays.
- Infrastructure Solutions implied orders declined 20% sequentially; book-to-bill 89.5%.
- Dividend maintained at $0.13 per share; YTD free cash flow $37.3M.