| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 396.30 | 20.3% |
| Total Income | 396.30 | 20.3% |
| Expenditure | 387.30 | 25.4% |
| PBT | 2.80 | 85.8% |
| Net Profit | 1.30 | 90.9% |
| OPM | 2.27% | 3.95pp |
| NPM | 0.33% | 4.01pp |
| EPS | 0.06 | 90.5% |
Astec Reports Q1 2026 Results: Net Sales $396.3 Million
06 May 2026 · 6 May, 4:37 pm
Summary
Astec Industries announced its financial results for the first quarter ended March 31, 2026. Net sales for the quarter were $396.3 million. Net income was reported at $1.3 million, with an adjusted net income of $12.5 million. The company's backlog increased by 36.4% to $549.2 million. Astec is maintaining its full year 2026 adjusted EBITDA guidance in the $170 million to $190 million range.
Key Highlights
- 1
Astec Industries reported net sales of $396.3 million for the first quarter of 2026.
- 2
Net income for Q1 2026 was $1.3 million, with an adjusted net income of $12.5 million.
- 3
EBITDA reached $23.6 million, while adjusted EBITDA amounted to $30.3 million for the quarter.
- 4
Diluted EPS stood at $0.06, and adjusted EPS was $0.54 for the first quarter.
- 5
The company's backlog grew by 36.4% to $549.2 million.
- 6
Operating cash flow was $40.7 million, and free cash flow was $32.6 million for the quarter.
Management Comments
Jaco van der Merwe
"A 70.6% increase in Materials Solutions net sales was primarily driven by organic and inorganic contributions. Infrastructure Solutions net sales were relatively flat after the inclusion of inorganic sales which offset timing and mix-related shortfalls in our legacy business." "We are optimistic about the remainder of 2026 due to favorable order activity and strong end markets. As such, we are maintaining our full year 2026 adjusted EBITDA guidance in the $170 million to $190 million range."
Brian Harris
"First quarter profitability was impacted by timing and mix in legacy Infrastructure Solutions net sales and expenses associated with the ConExpo trade show held once every three years. Freight, duty, and tariffs were also a headwind to margin. We finished the quarter with leverage of 2.3x, which is within our target leverage range of 1.5x to 2.5x. We are well-positioned for additional organic and inorganic growth."
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