Quarterly ResultMay 6, 2026, 04:25 PM
Astec Q1 Net Income $1.3M, Down From $14.3M; EPS $0.06
AI Summary
Astec Industries reported a significant decline in net income for the first quarter of 2026, falling to $1.3 million from $14.3 million in the prior year, with diluted EPS dropping to $0.06 from $0.62. This occurred despite a rise in net sales to $396.3 million, up from $329.4 million. The company completed the acquisition of CWMF, LLC for $69.9 million in January 2026, expanding its Infrastructure Solutions segment, and also made a $2.1 million adjustment related to the TerraSource acquisition from July 2025.
Key Highlights
- Net income for Q1 2026 plummeted to $1.3 million, a 90.9% decrease from $14.3 million in Q1 2025.
- Diluted earnings per share (EPS) for Q1 2026 fell to $0.06, down 90.3% from $0.62 in Q1 2025.
- Net sales increased by 20.3% to $396.3 million in Q1 2026, compared to $329.4 million in Q1 2025.
- Completed the acquisition of CWMF, LLC for $69.9 million on January 1, 2026, enhancing the Infrastructure Solutions segment.
- Recorded a $2.1 million adjustment to deferred tax liabilities related to the TerraSource acquisition, offset in goodwill.
- Infrastructure Solutions segment reported net sales of $237.0 million in Q1 2026, up from $236.0 million.
- Materials Solutions segment net sales surged to $159.3 million in Q1 2026, from $93.4 million in Q1 2025.
- Cash, cash equivalents, and restricted cash rose to $75.0 million as of March 31, 2026, from $72.0 million.
Price Impact
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