Earnings ·
Astec Industries reported second quarter 2026 results with net sales of $408.1 million, a 23.6% increase year-over-year
ASTEAstec Industries Inc
Astec Industries reported second quarter 2026 results with net sales of $408.1 million, a 23.6% increase year-over-year. Net income was $10.5 million, while adjusted net income rose to $21.8 million. Diluted EPS came in at $0.45 on a GAAP basis and $0.94 on an adjusted basis. Backlog grew significantly by 57.9% to $601.1 million, driven by strong demand in the Materials Solutions segment. However, the company revised its full-year 2026 adjusted EBITDA guidance downward from $170–$190 million to $160–$175 million due to macro-driven delays in asphalt plant shipments within Infrastructure Solutions. The firm also paid a quarterly dividend of $0.13 per share. Astec Industries manufactures specialized equipment for asphalt road building, aggregate processing, and concrete production.