Astec Industries Q2 sales slightly beat estimates, lowers guidance

Astec Industries

05/08/2026 12:28

Overview
U.S. road-building equipment maker's Q2 net sales rose 24%, slightly beating analyst expectations
Adjusted EPS for Q2 missed analyst expectations despite rising 4% yr/yr
Company lowered full-year adjusted EBITDA guidance due to shipment timing for asphalt plants

Outlook
Astec Industries lowers 2026 adjusted EBITDA guidance to $160 mln-$175 mln from $170 mln-$190 mln
Company says macro-driven events are impacting shipment timing for asphalt plants
Astec Industries sees continued strong demand for Materials Solutions orders

Result Drivers
MATERIALS SOLUTIONS DEMAND - Co said resurgence in dealer and customer demand for aggregate crushing, screening and conveying equipment drove 43% sales growth in Materials Solutions segment
INFRASTRUCTURE SOLUTIONS SHIPMENT TIMING - Co said macro-driven events impacted shipment timing for asphalt plants, affecting order activity and prompting guidance revision
DEALER INVENTORY AND RENTAL CONVERSIONS - Co said dealers reported healthy inventory levels and rental conversions, supporting segment performance

Company press release: ID:nGNX1XqZ7p

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Beat*
$408.10 mln
$405.50 mln (4 Analysts)
Q2 Adjusted EPS
Miss
$0.94
$1.04 (4 Analysts)
Q2 EPS
 
$0.45
 
Q2 Adjusted EBITDA
 
$42.60 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Astec Industries, Inc. is $72.00, about 37.8% above its August 4 closing price of $52.25
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago

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Aug 4 - Knife River Q2 revenue slightly beats estimates, lifts outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)