Quarterly ResultMay 6, 2026, 07:07 AM
Astec Q1 Net Sales $396.3M, Net Income $1.3M, EPS $0.06
AI Summary
Astec Industries reported mixed financial results for the first quarter ended March 31, 2026. The company saw net sales increase by 20.3% to $396.3 million, primarily driven by a 70.6% surge in Materials Solutions net sales. However, GAAP net income plummeted 90.9% to $1.3 million, with diluted EPS falling to $0.06, impacted by timing, mix, and ConExpo trade show expenses. Despite the profitability challenges, the company's backlog grew significantly by 36.4% to $549.2 million, and it generated strong operating and free cash flow, leading management to maintain its full-year 2026 adjusted EBITDA guidance.
Key Highlights
- Net sales increased 20.3% to $396.3 million for Q1 2026.
- Net income attributable to controlling interest was $1.3 million, down 90.9% YoY.
- Diluted EPS was $0.06, a 90.3% decrease compared to prior year.
- Materials Solutions net sales grew 70.6% to $159.3 million.
- Backlog increased 36.4% to $549.2 million.
- Operating cash flow was $40.7 million, and free cash flow was $32.6 million.
- Full-year 2026 adjusted EBITDA guidance maintained at $170 million to $190 million.
- Declared a dividend payment of $0.13 per share.