Astec Industries (NASDAQ:ASTE) Issues Earnings Results

Astec Industries (NASDAQ:ASTE) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.10), FiscalAI reports. Astec Industries had a return on equity of 10.09% and a net margin of 1.75%.The firm had revenue of $408.10 million for the quarter, compared to the consensus estimate of $405.50 million. During the same quarter in the previous year, the business earned $0.72 EPS.

Here are the key takeaways from Astec Industries’ conference call:

• Record quarterly performance included net sales of $408.1 million, up 23.6%, adjusted EBITDA of $42.6 million, up 26%, and a 10.4% margin.
• Backlog increased 57.9% to $601.1 million, led by a 150.6% increase in Materials Solutions, while strong dealer utilization, rental-fleet conversions, and demand for mobile plants supported the segment’s outlook.
• Parts and service revenue rose 34.8% to $135.5 million, reaching 33.2% of quarterly sales; management expects continued aftermarket growth to support margin expansion.
• Astec reduced full-year 2026 adjusted EBITDA guidance to $160 million-$175 million from $170 million-$190 million, citing asphalt-plant delivery shifts into the fourth quarter of 2026 and first quarter of 2027 amid oil-price and Federal Highway Bill uncertainty.
• Infrastructure Solutions revenue grew 11.6%, but segment EBITDA margin declined 130 basis points due largely to product mix and lower parts margins; management expects pricing actions and stronger mobile-equipment activity to improve performance in the second half.

Astec Industries Price Performance

NASDAQ ASTE traded down $7.21 during midday trading on Wednesday, hitting $45.04. The company had a trading volume of 792,158 shares, compared to its average volume of 220,930. The firm has a 50-day moving average price of $54.66 and a 200-day moving average price of $54.89. The company has a market capitalization of $1.04 billion, a PE ratio of 40.21, a P/E/G ratio of 1.32 and a beta of 1.36. The company has a current ratio of 2.34, a quick ratio of 1.00 and a debt-to-equity ratio of 0.54. Astec Industries has a twelve month low of $38.09 and a twelve month high of $65.69.

Astec Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 10th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.52 annualized dividend and a yield of 1.2%. Astec Industries’s payout ratio is currently 46.43%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. iSAM Funds UK Ltd acquired a new position in Astec Industries in the third quarter valued at about $50,000. Tower Research Capital LLC TRC grew its stake in Astec Industries by 412.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock worth $92,000 after buying an additional 1,780 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Astec Industries in the 4th quarter valued at about $127,000. Quadrant Capital Group LLC bought a new position in Astec Industries in the 3rd quarter valued at about $203,000. Finally, State of Wyoming acquired a new position in shares of Astec Industries in the 2nd quarter valued at approximately $206,000. Institutional investors own 93.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASTE. Weiss Ratings cut shares of Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Wall Street Zen cut shares of Astec Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Zacks Research raised shares of Astec Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Astec Industries

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.