Quarterly ResultAug 5, 2026, 07:04 AM
Astec Q2 Net Sales $408.1M; Cuts FY26 Adj. EBITDA Guidance
AI Summary
Astec Industries reported mixed second-quarter 2026 results with net sales increasing 23.6% to $408.1 million and adjusted diluted EPS rising 4.4% to $0.94. However, GAAP diluted EPS decreased 37.5% to $0.45, and the company revised its full-year 2026 adjusted EBITDA guidance downward from $170 million-$190 million to $160 million-$175 million due to macro-driven events impacting asphalt plant shipment timing. Backlog saw significant growth, up 57.9% to $601.1 million, driven by strong Material Solutions orders.
Key Highlights
- Net sales increased 23.6% to $408.1 million in Q2 2026.
- Adjusted EBITDA guidance for full-year 2026 revised to $160M-$175M from $170M-$190M.
- Adjusted diluted EPS rose 4.4% to $0.94; GAAP diluted EPS fell 37.5% to $0.45.
- Backlog grew 57.9% to $601.1 million, with Material Solutions backlog up 150.6%.
- Material Solutions net sales increased 43.0% to $179.8 million.
- Infrastructure Solutions net sales increased 11.6% to $228.3 million.
- Operating cash flow was $52.8 million year-to-date; Free cash flow was $37.3 million year-to-date.
- Declared a quarterly dividend payment of $0.13 per share.
Price Impact
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