Astec Industries (NASDAQ:ASTE) Releases Quarterly Earnings Results, Misses Expectations By $0.34 EPS

Astec Industries (NASDAQ:ASTE) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.34), FiscalAI reports. The firm had revenue of $396.30 million for the quarter, compared to analysts’ expectations of $393.24 million. Astec Industries had a return on equity of 11.35% and a net margin of 2.75%.

Here are the key takeaways from Astec Industries’ conference call:

• Positive Sentiment: Net sales grew ~20.3% YoY (trailing?12 sales ~ $1.47B) and backlog increased to $549M (+36% YoY) with book?to?bill over 100%, driven by organic demand and the TerraSource and CWMF acquisitions.
• Negative Sentiment: Q1 profitability was pressured — adjusted EBITDA was $30.3M (7.6% margin) and operating adjusted EBITDA declined YoY as higher CONEXPO/exhibit costs, tariffs, freight/duties, and mix/timing reduced margins (~310 bps decline for the quarter).
• Positive Sentiment: Strong cash generation and liquidity — Q1 free cash flow of $32.6M, cash + available credit = $267.5M, and net debt/adjusted EBITDA ~2.3x (within 1.5–2.5x target), supporting continued M&A and investment capacity.
• Positive Sentiment: Integration of recent acquisitions (TerraSource and CWMF) is progressing well with finance and sales alignment complete and early synergies materializing—CWMF synergies are coming faster and TSG synergies are expected over the next 12 months.
• Positive Sentiment: Management reaffirmed full?year adjusted EBITDA guidance of $170M–$190M, citing stable federal/state infrastructure funding, growing demand from data centers/onshoring, and aftermarket parts/service expansion; more detail will be provided at the May 13 Investor Day.

Astec Industries Trading Down 14.5%

Astec Industries stock traded down $9.10 during mid-day trading on Wednesday, hitting $53.60. The company’s stock had a trading volume of 472,578 shares, compared to its average volume of 218,314. The company has a 50 day moving average of $57.46 and a 200-day moving average of $51.26. The stock has a market cap of $1.23 billion, a PE ratio of 31.90, a P/E/G ratio of 2.33 and a beta of 1.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.07 and a current ratio of 2.49. Astec Industries has a one year low of $36.43 and a one year high of $65.69.

Astec Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 13th. Astec Industries’s dividend payout ratio is 30.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Longbow Research raised Astec Industries to a “strong-buy” rating in a report on Monday, March 16th. Freedom Capital raised Astec Industries to a “strong-buy” rating in a research report on Wednesday, April 1st. Zacks Research downgraded Astec Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen downgraded Astec Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Insider Buying and Selling

In other Astec Industries news, insider Edward Terrell Gilbert, Jr. sold 975 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $61.07, for a total value of $59,543.25. Following the transaction, the insider owned 8,828 shares of the company’s stock, valued at $539,125.96. This represents a 9.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On Astec Industries

Hedge funds have recently bought and sold shares of the business. iSAM Funds UK Ltd bought a new position in Astec Industries in the 3rd quarter valued at $50,000. Tower Research Capital LLC TRC lifted its holdings in shares of Astec Industries by 412.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock worth $92,000 after buying an additional 1,780 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Astec Industries in the 4th quarter worth $127,000. Quadrant Capital Group LLC purchased a new stake in shares of Astec Industries in the 3rd quarter worth $203,000. Finally, State of Wyoming purchased a new stake in shares of Astec Industries in the 2nd quarter worth $206,000. Institutional investors own 93.16% of the company’s stock.

Astec Industries Company Profile

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.