Astec Industries (NASDAQ:ASTE – Get Free Report) announced its quarterly earnings data on Thursday. The industrial products company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.48), FiscalAI reports. The firm had revenue of $352.40 million during the quarter, compared to analyst estimates of $375.47 million. Astec Industries had a net margin of 1.26% and a return on equity of 10.26%. During the same quarter last year, the company earned ($0.18) EPS.
Here are the key takeaways from Astec Industries’ conference call:
- Third-quarter profitability weakened: Adjusted EBITDA fell 30.3% to $18.9 million, the margin declined to 5.4%, and adjusted EPS was a loss of $0.01, despite sales rising 0.7% to $352.4 million.
- Astec cut its 2026 Adjusted EBITDA guidance to $140 million–$150 million from $160 million–$175 million. Management attributed the reduction to roughly $7 million–$8 million of inflation outpacing pricing in Q3 and $5 million–$10 million of asphalt shipments shifting into 2027.
- Backlog rose 49.2% year over year to $670.5 million, supported by a rebound in Infrastructure Solutions orders; management said there have been no cancellations and expects Q4 Adjusted EBITDA of $48 million–$58 million, versus $44.8 million a year earlier.
- Management expects pricing actions to bring inflation and pricing back toward parity by the end of Q1 2027. It also pointed to continued infrastructure funding and data-center and industrial construction as sources of demand, while noting that higher diesel costs and interest rates remain headwinds for some customers.
Astec Industries Trading Up 1.0%
NASDAQ:ASTE opened at $35.71 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 2.52. Astec Industries has a 1 year low of $35.05 and a 1 year high of $65.69. The stock has a fifty day moving average price of $40.36 and a two-hundred day moving average price of $50.38. The stock has a market capitalization of $822.04 million, a price-to-earnings ratio of 13.32, a PEG ratio of 1.09 and a beta of 1.37.
Astec Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Monday, November 16th will be paid a $0.13 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. Astec Industries’s payout ratio is currently 61.18%.
Trending Headlines about Astec Industries
Here are the key news stories impacting Astec Industries this week:
- Positive Sentiment: Astec reported a sharp increase in backlog, pointing to stronger future demand and providing a potential counterweight to weak quarterly results. Astec Industries Q3 2026: A Guidance Cut and a Backlog Surge
- Negative Sentiment: Q3 earnings fell short of expectations: Astec reported a loss of $0.01 per share versus consensus earnings of $0.47, while revenue of $352.4 million missed the $375.47 million estimate. Weak margins, inflation and higher costs weighed on profitability. ASTE Q3 Earnings Miss Estimates on Weak Margins and Higher Costs
- Negative Sentiment: The company cut its fiscal 2026 EBITDA outlook, signaling that cost and margin pressures may persist and adding uncertainty despite the backlog growth. Astec Q3 Loss Widens; Cuts FY26 EBITDA Outlook
Wall Street Analyst Weigh In
A number of research firms have recently commented on ASTE. Weiss Ratings reissued a “hold (c)” rating on shares of Astec Industries in a report on Monday. Zacks Research upgraded shares of Astec Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Astec Industries currently has an average rating of “Buy”.
Read Our Latest Report on ASTE
Astec Industries Company Profile
Astec Industries, Inc (NASDAQ: ASTE) designs, engineers and manufactures equipment used in the construction of roads, bridges and other infrastructure. The company serves businesses involved in the production and processing of aggregates, asphalt, concrete and other construction materials.
Its product portfolio includes asphalt plants and related equipment, concrete production systems, aggregate crushing, screening and material-handling equipment, wood-processing equipment, and machinery used in road construction and rehabilitation.
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