Astec Industries (NASDAQ:ASTE) Posts Quarterly Earnings Results

Astec Industries (NASDAQ:ASTE) issued its earnings results on Wednesday. The industrial products company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.34), FiscalAI reports. Astec Industries had a net margin of 2.75% and a return on equity of 11.35%. The business had revenue of $396.30 million for the quarter, compared to the consensus estimate of $393.24 million.

Here are the key takeaways from Astec Industries’ conference call:

• Positive Sentiment: Net sales grew ~20.3% YoY (trailing‑12 sales ~ $1.47B) and backlog increased to $549M (+36% YoY) with book‑to‑bill over 100%, driven by organic demand and the TerraSource and CWMF acquisitions.
• Negative Sentiment: Q1 profitability was pressured — adjusted EBITDA was $30.3M (7.6% margin) and operating adjusted EBITDA declined YoY as higher CONEXPO/exhibit costs, tariffs, freight/duties, and mix/timing reduced margins (~310 bps decline for the quarter).
• Positive Sentiment: Strong cash generation and liquidity — Q1 free cash flow of $32.6M, cash + available credit = $267.5M, and net debt/adjusted EBITDA ~2.3x (within 1.5–2.5x target), supporting continued M&A and investment capacity.
• Positive Sentiment: Integration of recent acquisitions (TerraSource and CWMF) is progressing well with finance and sales alignment complete and early synergies materializing—CWMF synergies are coming faster and TSG synergies are expected over the next 12 months.
• Positive Sentiment: Management reaffirmed full‑year adjusted EBITDA guidance of $170M–$190M, citing stable federal/state infrastructure funding, growing demand from data centers/onshoring, and aftermarket parts/service expansion; more detail will be provided at the May 13 Investor Day.

Astec Industries Stock Down 14.8%

Shares of ASTE stock traded down $9.30 during trading hours on Wednesday, hitting $53.41. 356,718 shares of the company were exchanged, compared to its average volume of 216,815. Astec Industries has a 52 week low of $36.43 and a 52 week high of $65.69. The company has a current ratio of 2.49, a quick ratio of 1.07 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $57.54 and a two-hundred day moving average of $51.22. The company has a market capitalization of $1.22 billion, a PE ratio of 31.79, a PEG ratio of 2.33 and a beta of 1.47.

Astec Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, May 13th. Astec Industries’s dividend payout ratio is 30.95%.

Analyst Ratings Changes

ASTE has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Astec Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. Longbow Research raised Astec Industries to a “strong-buy” rating in a research note on Monday, March 16th. Freedom Capital upgraded shares of Astec Industries to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Zacks Research cut shares of Astec Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Insiders Place Their Bets

In other Astec Industries news, insider Edward Terrell Gilbert, Jr. sold 975 shares of Astec Industries stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $61.07, for a total value of $59,543.25. Following the sale, the insider owned 8,828 shares of the company’s stock, valued at $539,125.96. This trade represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ASTE. iSAM Funds UK Ltd bought a new stake in Astec Industries in the 3rd quarter valued at approximately $50,000. Tower Research Capital LLC TRC grew its stake in shares of Astec Industries by 412.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 1,780 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Astec Industries in the fourth quarter valued at approximately $127,000. Quadrant Capital Group LLC bought a new stake in shares of Astec Industries in the third quarter worth $203,000. Finally, State of Wyoming bought a new stake in shares of Astec Industries in the second quarter worth $206,000. 93.16% of the stock is currently owned by institutional investors.

Astec Industries Company Profile

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.