Astec Industries Q4 sales rise 11.6% on Materials Solutions unit strength

Astec Industries

25/02/2026 12:16

Overview

Specialized equipment maker's Q4 net sales rose 11.6% yr/yr

Adjusted EPS for Q4 was $1.06

Backlog grew 22.5% to $514.1 mln

Outlook

Astec expects full-year 2026 adjusted EBITDA between $170 mln and $190 mln

Company optimistic about 2026 due to internal initiatives and federal infrastructure funding

Astec plans to fund growth while maintaining target leverage range of 1.5x to 2.5x

Result Drivers

MATERIALS SOLUTIONS GROWTH - Net sales in Materials Solutions segment increased 60.6% due to organic and inorganic growth

BACKLOG INCREASE - Backlog grew 22.5% to $514.1 mln, driven by growth in Materials Solutions

INFRASTRUCTURE SOLUTIONS DECLINE - Infrastructure Solutions net sales decreased 10.1% due to challenging conditions in mobile paving and forestry equipment

Company press release: ID:nGNX2Ym7Xk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$400.60 mln
$374.21 mln (2 Analysts)
Q4 Adjusted EPS
Beat
$1.06
$0.83 (2 Analysts)
Q4 EPS
$0.52
Q4 Adjusted EBITDA
$44.70 mln


Analyst Coverage

Wall Street's median 12-month price target for Astec Industries Inc is $56.50, about 3.4% below its February 24 closing price of $58.50

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)