ASTEC INDUSTRIES INC

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.

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.

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.

Astec Industries, Inc. announced the appointment of Mr. William E. Waltz as a new independent director to its Board of Directors, effective October 29, 2026. This appointment increases the Board's size from nine to ten members. Mr. Waltz, who is currently the President and CEO of Atkore, Inc., will also join the Board's Compensation Committee. The company highlighted his extensive experience in leading companies through organic and inorganic growth.

Astec Industries, Inc. announced the appointment of Mr. William E. Waltz as a new independent director to its Board of Directors, effective October 29, 2026. This addition will increase the Board's size to 10 directors, with nine being independent. Mr. Waltz, who currently serves as President and CEO of Atkore, Inc., will also join the Compensation Committee, bringing public company CEO experience and a strong record of growth leadership.

Astec Industries, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share. This dividend is payable on or about August 28, 2026, to shareholders who are on record as of August 10, 2026. Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing, and concrete production.

Astec Industries, Inc. has announced its second quarter 2026 financial results will be released to wire services on Wednesday, August 5, 2026, at approximately 7:00 a.m. Eastern Time. Following the release, the company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the results. The call will feature President and CEO Jaco van der Merwe, CFO Brian Harris, and Senior Vice President of Administration and Investor Relations Steve Anderson, with access available via dial-in and live webcast.

Astec Industries, Inc. announced that its Chief Executive Officer, Jaco van der Merwe, along with Stephen Anderson (Senior Vice President of Investor Relations) and Heinrich Jonker (Vice President – Finance), will participate in one-on-one investor meetings. These meetings are scheduled to take place at the Wells Fargo Industrials and Materials Conference on June 9, 2026.

Astec Industries, Inc. announced that its Chief Executive Officer, Chief Financial Officer, and Senior Vice President of Investor Relations will participate in one-on-one meetings with investors. These meetings will take place at the KeyBanc Capital Markets Industrials and Basic Materials Conference on May 27, 2026. Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing, and concrete production.

Astec Industries reported a significant decline in net income for the first quarter of 2026, falling to $1.3 million from $14.3 million in the prior year, with diluted EPS dropping to $0.06 from $0.62. This occurred despite a rise in net sales to $396.3 million, up from $329.4 million. The company completed the acquisition of CWMF, LLC for $69.9 million in January 2026, expanding its Infrastructure Solutions segment, and also made a $2.1 million adjustment related to the TerraSource acquisition from July 2025.