Quarterly ResultAug 5, 2026, 07:07 AM
Astec Q2 Net Sales $408.1M, Adjusted EPS $0.94; FY26 EBITDA Guidance Cut
AI Summary
Astec Industries reported Q2 2026 financial results with net sales increasing 23.6% to $408.1 million and adjusted diluted EPS rising 4.4% to $0.94. However, GAAP net income and diluted EPS decreased. The company also revised its full-year 2026 adjusted EBITDA guidance downwards to $160 million-$175 million from the previous range of $170 million-$190 million, citing macro-driven impacts on asphalt plant shipments. Backlog grew significantly by 57.9% to $601.1 million.
Key Highlights
- Revised full-year 2026 Adjusted EBITDA guidance to $160M-$175M (from $170M-$190M).
- Q2 Net Sales increased 23.6% to $408.1 million.
- Q2 Adjusted Diluted EPS rose 4.4% to $0.94.
- Q2 Adjusted EBITDA grew 26.0% to $42.6 million.
- Total backlog surged 57.9% to $601.1 million.
- Materials Solutions net sales increased 43.0% to $179.8 million.
- Infrastructure Solutions net sales increased 11.6% to $228.3 million.
- Paid a quarterly dividend of $0.13 per share.
Price Impact
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