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.

Astec Industries announced that its Board of Directors increased in size from nine to ten members and appointed William E. Waltz as a new independent director, effective October 29, 2026. Mr. Waltz will serve on the Compensation Committee and is currently President and CEO of Atkore, Inc., with prior leadership experience at Strategic Materials, Inc. Astec Industries manufactures specialized equipment for asphalt road building, aggregate processing, and concrete production.