Astec Industries falls after Q2 profit misses estimate

Astec Industries

05/08/2026 14:45

** Astec Industries ASTE.O shares slump over 14% to $44.78 in early trading
** The U.S. road-building equipment maker misses Q2 adjusted profit estimates as some customers delayed taking delivery of asphalt mixing equipment due to macroeconomic uncertainties
** Posts Q2 adj. EPS of 94 cents — below analysts' avg estimate of $1.03, according to data compiled by LSEG
** Q2 rev jumps 23.6% y-o-y to $408.1 mln vs est. $405.5 mln
** Material Solutions rev soars 43% to $179.8 mln
** Including session's move, shares up 4% YTD

 (Reporting by Apratim Sarkar in Bengaluru)
 ((Apratim.Sarkar@thomsonreuters.com))