Astec Industries (NASDAQ:ASTE) Posts Earnings Results, Misses Expectations By $0.48 EPS

Astec Industries (NASDAQ:ASTE) announced its quarterly earnings results on Thursday. The industrial products company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.48), FiscalAI reports. Astec Industries had a net margin of 1.26% and a return on equity of 10.26%. The firm had revenue of $352.40 million for the quarter, compared to the consensus estimate of $375.47 million. During the same period last year, the business earned ($0.18) EPS.

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

• Third-quarter profitability weakened: Adjusted EBITDA fell 30.3% to $18.9 million, the margin declined to 5.4%, and adjusted EPS was a loss of $0.01, despite sales rising 0.7% to $352.4 million.
• Astec cut its 2026 Adjusted EBITDA guidance to $140 million–$150 million from $160 million–$175 million. Management attributed the reduction to roughly $7 million–$8 million of inflation outpacing pricing in Q3 and $5 million–$10 million of asphalt shipments shifting into 2027.
• Backlog rose 49.2% year over year to $670.5 million, supported by a rebound in Infrastructure Solutions orders; management said there have been no cancellations and expects Q4 Adjusted EBITDA of $48 million–$58 million, versus $44.8 million a year earlier.
• Management expects pricing actions to bring inflation and pricing back toward parity by the end of Q1 2027. It also pointed to continued infrastructure funding and data-center and industrial construction as sources of demand, while noting that higher diesel costs and interest rates remain headwinds for some customers.

Astec Industries Stock Performance

Shares of ASTE traded down $3.94 during mid-day trading on Thursday, hitting $35.36. 496,656 shares of the company traded hands, compared to its average volume of 212,522. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 2.52. The stock has a 50-day moving average price of $40.53 and a two-hundred day moving average price of $50.44. Astec Industries has a 1 year low of $35.05 and a 1 year high of $65.69. The stock has a market cap of $813.99 million, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.07 and a beta of 1.37.

Astec Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 16th will be paid a $0.13 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. Astec Industries’s payout ratio is currently 61.18%.

Astec Industries News Roundup

Here are the key news stories impacting Astec Industries this week:

• Positive Sentiment: Astec reported a surge in backlog, which may support future demand and revenue visibility. Astec Industries Q3 2026: A Guidance Cut and a Backlog Surge
• Neutral Sentiment: The company announced board and committee changes; the report did not indicate a direct impact on its financial outlook. Astec Industries Announces Board and Committee Changes
• Negative Sentiment: Third-quarter adjusted results were approximately break-even, with reported EPS of a loss of $0.01 versus analysts’ expected profit of about $0.47. Revenue of $352.4 million also fell short of expectations of about $375.5 million. Astec Industries Q3 Loss Widens
• Negative Sentiment: Astec cut its fiscal 2026 EBITDA outlook, signaling weaker expected profitability. The guidance reduction, alongside the earnings and revenue misses, likely weighed on the shares. Astec Q3 Loss Widens; Cuts FY26 EBITDA Outlook

Analyst Upgrades and Downgrades

ASTE has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Astec Industries in a research note on Monday. Zacks Research upgraded Astec Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Astec Industries Company Profile

Astec Industries, Inc (NASDAQ: ASTE) designs, engineers and manufactures equipment used in the construction of roads, bridges and other infrastructure. The company serves businesses involved in the production and processing of aggregates, asphalt, concrete and other construction materials.

Its product portfolio includes asphalt plants and related equipment, concrete production systems, aggregate crushing, screening and material-handling equipment, wood-processing equipment, and machinery used in road construction and rehabilitation.