Astec Industries Inc
NASDAQ:ASTE
Astec Industries Inc
Astec Industries, Inc. engages in the manufacture of equipment and components for the infrastructure, and aggregate and mining industries. The company is headquartered in Chattanooga, Tennessee and currently employs 4,041 full-time employees. The firm operates through two segments: Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment consists of approximately 12 sites and designs, engineers, manufactures and markets a complete line of asphalt plants, concrete plants and their related components and ancillary equipment, as well as supplying other heavy equipment. The Materials Solutions segment consists of nine sites and designs and manufactures heavy processing equipment, in addition to servicing and supplying parts for the aggregate, metallic mining, recycling, ports and bulk handling markets. Its products are marketed both domestically and internationally primarily to asphalt producers; highway and heavy equipment contractors; utility contractors; construction, demolition, recycle and crushing contractors, and others.
Astec Industries, Inc. engages in the manufacture of equipment and components for the infrastructure, and aggregate and mining industries. The company is headquartered in Chattanooga, Tennessee and currently employs 4,041 full-time employees. The firm operates through two segments: Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment consists of approximately 12 sites and designs, engineers, manufactures and markets a complete line of asphalt plants, concrete plants and their related components and ancillary equipment, as well as supplying other heavy equipment. The Materials Solutions segment consists of nine sites and designs and manufactures heavy processing equipment, in addition to servicing and supplying parts for the aggregate, metallic mining, recycling, ports and bulk handling markets. Its products are marketed both domestically and internationally primarily to asphalt producers; highway and heavy equipment contractors; utility contractors; construction, demolition, recycle and crushing contractors, and others.
Record Sales: Astec posted record fourth quarter net sales of $400.6 million and full-year net sales up 8.1%, with growth driven by both organic activity and acquisitions.
EBITDA Beat & Guidance: Full-year adjusted EBITDA reached $140.7 million, at the top end of guidance, with a new 2026 EBITDA guidance of $170–190 million, well above prior expectations.
Margin Expansion: Adjusted EBITDA margin hit 10% for the year, up 140 basis points, and management expects continued annual margin improvement.
Backlog Growth: Backlog rose to $514 million, up 14.4% sequentially and 22.5% year-over-year, reflecting strong order activity.
Parts Business Strength: Parts sales jumped 19.7% in Q4 and 11.5% for the year, now making up 30.7% of total sales.
Acquisition Integration: TerraSource and CWMF acquisitions are expected to be accretive, with integration progressing well and further M&A activity likely.
Infrastructure Outlook: Management cited positive customer sentiment and multiyear demand visibility tied to federal and state infrastructure funding.
Digital Strategy: New digital platform launches are expected to drive future parts and service growth, with strong focus on innovation.
