ASTE
Astec Industries, Inc.46.45
+0.20+0.43%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.06BP/E (TTM)
22.22Basic EPS (TTM)
2.09Dividend Yield
0.01%Recent Filings
10-Q
Q2 FY2025 results
Astec Industries posted solid Q2 results, with net sales dipping 4.4% year-over-year to $330.3M amid softer equipment demand, yet gross profit climbed 8.6% to $88.3M on better pricing and lower input costs, lifting gross margins to 26.7%. Operating income swung to $21.4M from a $10.7M loss last year, free from the prior goodwill impairment, while diluted EPS hit $0.72, up from a $0.61 loss—reconciling neatly with 23.1M weighted shares. Cash from operations reached $33.4M year-to-date, funding $7.8M in capex for $25.7M free cash flow (derived), with $88.7M cash and $159.8M revolver availability bolstering liquidity. Post-quarter, Astec closed its $245M cash acquisition of TerraSource on July 1, securing crushing and screening gear while drawing $350M term debt under a new $600M facility maturing 2030 at Term SOFR plus 1.75%-2.75%. Backlog stands firm at $380.9M. Still, integration hurdles could slow expected synergies.
8-K
Astec Q2 profit surge, TerraSource buy
Astec Industries posted Q2 net sales of $330.3 million, down 4.4% year-over-year, yet swung to net income of $16.7 million from a $14.0 million loss, with adjusted EBITDA climbing 22.1% to $33.7 million on sharper efficiencies. The company closed its TerraSource acquisition on July 1, adding over $150 million in annual revenue, mostly from aftermarket parts, and secured a $600 million credit facility to fund it. Backlogs shrank 28.3% to $380.8 million amid softer demand. Guidance now eyes consolidated adjusted EBITDA of $123 million to $142 million.
8-K
Astec Industries has acquired TerraSource Holdings, LLC, a provider of industrial equipment, for $245 million. The acquisition is expected to boost margins and earnings, with synergies projected at $10 million annually by the end of year two.
8-K
Astec acquires TerraSource for $245M
Astec Industries agreed to buy TerraSource Holdings for $245 million cash-free, debt-free on April 28, 2025, targeting complementary material processing gear. The deal, pending HSR clearance and other approvals, eyes closing by August 1; Astec secured $500 million in financing to fund it while refinancing existing debt. Integration promises synergies, yet hinges on smooth execution. Risks loom if conditions falter.
8-K
Astec Q1 earnings, TerraSource buy
Astec Industries reported Q1 2025 net sales of $329.4 million, up 6.5% year-over-year, with adjusted EBITDA hitting $35.2 million and EPS at $0.88, fueled by a 16.7% surge in Infrastructure Solutions despite Materials Solutions dipping 12.7%. The company inked a deal to buy TerraSource for $245 million in cash, targeting a close in early Q3 2025 to boost aftermarket revenues—60% of TerraSource's total—and deliver $10 million in annual synergies. Acquisition accretes margins from day one. Yet regulatory approvals loom.
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