Quarterly ResultAug 5, 2026, 04:32 PM
ASTEC Q2 Net Sales $408.1M, Net Income $10.5M, EPS $0.45
AI Summary
ASTEC INDUSTRIES INC reported a 23.6% increase in net sales to $408.1 million for the second quarter of 2026, compared to $330.3 million in the same period last year. However, net income for the quarter decreased by 37.5% to $10.5 million, resulting in diluted earnings per share of $0.45, down from $0.72. The company also detailed the acquisition of CWMF for $70.1 million in January 2026 and finalized the purchase price allocation for the TerraSource acquisition completed in July 2025.
Key Highlights
- Net sales for Q2 2026 increased 23.6% to $408.1M from $330.3M in Q2 2025.
- Net income for Q2 2026 decreased 37.5% to $10.5M from $16.8M in Q2 2025.
- Diluted EPS for Q2 2026 was $0.45, down 37.5% from $0.72 in Q2 2025.
- Acquired CWMF for $70.1M on January 1, 2026, boosting Infrastructure Solutions capacity.
- Completed TerraSource acquisition for $252.6M on July 1, 2025, expanding Materials Solutions.
- Total assets grew to $1,415.5M as of June 30, 2026, from $1,367.2M at year-end 2025.
- Long-term debt increased to $365.4M as of June 30, 2026, from $319.6M at year-end 2025.
- Net cash provided by operating activities was $52.8M for six months ended June 30, 2026.
Price Impact
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