Astec Industries, Inc.

47.72+0.09 (+0.19%)

Oct 29, 4:00:02 PM EDT · NasdaqGS · ASTE · USD

Upcoming Earnings

Report date

Nov 5, 2025 (in 6 days)

Key Stats

Market Cap

1.09B

P/E (TTM)

23.74

Basic EPS (TTM)

2.01

Dividend Yield

0.01%

Recent Filings

10-Q

Q2 FY2025 results

8/6/25Aug 6, 2025

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

8/6/25Aug 6, 2025

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.

7/1/25Jul 1, 2025

Astec Industries completes acquisition of TerraSource Holdings for $245 million in cash, expecting revenue growth, margin expansion, and EPS accretion. The deal enhances cash flow with synergies of about $10 million by year two, maintaining a pro forma net leverage ratio of around 2.0x.

8-K

Astec acquires TerraSource for $245M

5/2/25May 2, 2025

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

4/29/25Apr 29, 2025

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.

About

Astec Industries, Inc. designs, engineers, manufactures, markets, and services equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, blower trucks and trailers, material transfer vehicles, soil stabilizing-reclaiming machinery, wood chippers and grinders, milling machines, soil remediation plants, control systems, pump trailers, concrete batch plants, liquid terminals, storage equipment and related parts, polymer plants, concrete mixers, cold central plant recycle systems, industrial automation controls, and telematics platforms, as well as service, construction and retrofits, and engineering and environmental permitting services. The Materials Solutions segment designs and manufactures crushing equipment, mobile plants, bulk material handling solutions, vibrating equipment, screening equipment, electrical control centers, modular plants and systems, conveying equipment, plant automation products, portable plants, and mineral processing equipment, as well as offers consulting and engineering services. It provides its products to asphalt or concrete producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors; mine and quarry operators; port and inland terminal authorities; power stations; and domestic and foreign government agencies. The company was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.

CEO

Mr. Jaco G. van der Merwe

IPO

6/18/1986

Website

https://www.astecindustries.com

Employees

4,148

Sector

Industrials

Industry

Farm & Heavy Construction Machinery