Astec Industries Q3 sales beat estimates

Astec Industries

05/11/2025 12:23

Overview

Astec Q3 net sales rise 20.1% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting operational advancements

Company reports 55.7% increase in adjusted EBITDA, driven by TerraSource acquisition

Outlook

Astec raises lower end of full-year adjusted EBITDA guidance to $132 mln

Company maintains upper end of full-year adjusted EBITDA guidance at $142 mln

Result Drivers

TERRASOURCE ACQUISITION - Acquisition of TerraSource contributed significantly to net sales and adjusted EBITDA growth

INFRASTRUCTURE DEMAND - Strong demand for asphalt and concrete plants boosted Infrastructure Solutions sales by 17.1%

OPERATIONAL EFFICIENCIES - Manufacturing and procurement efficiencies improved profitability, per CEO Jaco van der Merwe

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$350.10 mln
$330.91 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.47
$0.38 (2 Analysts)
Q3 EPS
-$0.18
Q3 Adjusted EBITDA
$27.10 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

Wall Street's median 12-month price target for Astec Industries Inc is $54.50, about 14.8% above its November 4 closing price of $46.41

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNX7N2prv

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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.)