Earnings summaries and quarterly performance for ASTEC INDUSTRIES.
Executive leadership at ASTEC INDUSTRIES.
Jaco van der Merwe
Detailed
Chief Executive Officer
CEO
BS
Barend Snyman
Detailed
Group President — Infrastructure Solutions
BH
Brian Harris
Detailed
Chief Financial Officer
MN
Michael Norris
Detailed
Group President — Materials Solutions
TG
Terrell Gilbert
Detailed
General Counsel, Chief Compliance Officer and Corporate Secretary
Board of directors at ASTEC INDUSTRIES.
Research analysts who have asked questions during ASTEC INDUSTRIES earnings calls.
SF
Steve Ferazani
Sidoti & Company
3 questions for ASTE
Also covers: AROC, BRC, CMCO +16 more
Alex Hantman
Sidoti & Company
1 question for ASTE
Also covers: AAON, ACA, BODI +7 more
Brian Sponheimer
Gabelli Funds
1 question for ASTE
Also covers: GTX, HRI, HY +3 more
Joseph Grabowski
Robert W. Baird & Co.
1 question for ASTE
Also covers: BRC, LECO, MIDD +1 more
MD
Mircea Dobre
Robert W. Baird & Co.
1 question for ASTE
Also covers: AGCO, ALG, CAT +15 more
Recent press releases and 8-K filings for ASTE.
Astec Completes Acquisition of CWMF, LLC
ASTE
M&A
New Projects/Investments
- Astec Industries (ASTE) completed its acquisition of CWMF, LLC on January 2, 2026, for a purchase price of $67.5 million in cash.
- CWMF, a manufacturer of portable and stationary asphalt plant equipment, has annual revenue of approximately $50 million.
- Astec anticipates the acquisition will lead to revenue growth potential, margin expansion, and be EPS accretive, with synergies expected by the end of year one.
- The expected proforma net leverage ratio for Astec is 1.5 - 2.5x net debt/adjusted EBITDA.
Jan 2, 2026, 1:45 PM
ASTE Reports Strong Q3 2025 Results and Raises FY 2025 Adjusted EBITDA Outlook
ASTE
Earnings
Guidance Update
M&A
- ASTE reported net sales of $350.1 million, adjusted EBITDA of $27.1 million, and adjusted EPS of $0.47 for the third quarter of 2025.
- The company's consolidated backlog reached $450 million in Q3 2025, with a book-to-bill ratio of 102%.
- ASTE raised its 2025 fiscal year Adjusted EBITDA outlook to a range of $132 million to $142 million, an increase from the previous $123 million.
- The adjusted EBITDA margin increased by 170 basis points to 7.7%, marking the best Q3 adjusted EBITDA margin since 2017, partly due to the successful integration of TerraSource.
Nov 5, 2025, 1:30 PM
Astec Industries Reports Strong Q3 2025 Results and Raises Full-Year Guidance
ASTE
Earnings
Guidance Update
M&A
- Astec Industries posted a solid third quarter 2025, with adjusted EBITDA increasing 55.7% to $27.1 million and adjusted earnings per share rising 30.6% to $0.47 compared to Q3 2024. Net sales also increased by 20.1%.
- The company's backlog at quarter end reached $449.5 million, a sequential increase of $68.7 million, with $64.1 million attributed to the PeraSource acquisition completed on July 1.
- Astec raised the lower end of its full-year adjusted EBITDA guidance from $123 million to $132 million, while maintaining the upper range at $142 million.
- PeraSource's integration is progressing well, with its margins being accretive in Q3 2025, and most synergies are expected to materialize in 2026.
- The company notes improved customer sentiment due to recent interest rate movements and ongoing federal highway bill funding, though demand for forestry and mobile paving equipment remains soft.
Nov 5, 2025, 1:30 PM
Astec Industries Reports Q3 2025 Results, TerraSource Acquisition Impact, and Updated Guidance
ASTE
Earnings
Guidance Update
M&A
- Astec Industries, Inc. reported net sales of $350.1 million for the third quarter ended September 30, 2025, representing a 20.1% increase compared to the prior year.
- The company's adjusted EBITDA grew 55.7% to $27.1 million, and adjusted EPS was $0.47 for Q3 2025.
- A net loss of $4.2 million was recorded, primarily influenced by $8.3 million in acquisition transaction costs and $6.2 million in amortization of acquired intangible assets following the acquisition of TerraSource Holdings, LLC on July 1, 2025.
- Astec updated its full-year adjusted EBITDA guidance, increasing the lower end of the range from $123 million to $132 million.
Nov 5, 2025, 12:02 PM
Astec Industries Reports Third Quarter 2025 Results
ASTE
Earnings
Guidance Update
M&A
- Astec Industries reported net sales of $350.1 million and an adjusted net income of $10.8 million for the third quarter ended September 30, 2025.
- The company's diluted EPS was $(0.18), while adjusted EPS reached $0.47 for Q3 2025.
- Adjusted EBITDA increased by 55.7% to $27.1 million in Q3 2025, compared to $17.4 million in the prior year quarter.
- Astec completed the acquisition of TerraSource Holdings, LLC on July 1, 2025, with results now reflecting its contributions.
- The company updated the lower end of its full year adjusted EBITDA guidance range from $123 million to $132 million, keeping the top end unchanged at $142 million.
Nov 5, 2025, 12:01 PM
ASTEC Industries Completes TerraSource Holdings Acquisition
ASTE
M&A
Debt Issuance
New Projects/Investments
- ASTEC Industries, Inc. completed the acquisition of TerraSource Holdings, LLC on July 1, 2025.
- The $245 million cash purchase (net $230 million after anticipated tax benefits) was financed by new Credit Facilities totaling up to $600 million.
- Astec expects the acquisition to be accretive from day one, increasing gross profit margins, adjusted EBITDA margins, and earnings per share, with $10 million in annual run rate synergies anticipated by the end of year two.
- The company projects a 2025 proforma net leverage ratio of approximately 2.0x net debt/adjusted EBITDA.
Jul 1, 2025, 12:00 AM
Quarterly earnings call transcripts for ASTEC INDUSTRIES.
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