Astec Industries (NASDAQ:ASTE) Releases Earnings Results, Misses Expectations By $0.48 EPS

Astec Industries (NASDAQ:ASTE) issued 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 the consensus estimate 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 in the prior year, the business earned ($0.18) earnings per share.

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 Down 10.0%

Shares of NASDAQ:ASTE traded down $3.94 during midday trading on Thursday, reaching $35.36. The company had a trading volume of 496,656 shares, compared to its average volume of 212,522. The company has a fifty day simple moving average of $40.53 and a two-hundred day simple moving average of $50.44. The firm has a market cap of $813.99 million, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.37. Astec Industries has a 1-year low of $35.05 and a 1-year high of $65.69. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Monday, November 16th will be given a $0.13 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. Astec Industries’s dividend payout ratio (DPR) is 61.18%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ASTE. Zacks Research upgraded shares of Astec Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Astec Industries in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Astec Industries has a consensus rating of “Buy”.

Key Headlines Impacting Astec Industries

Here are the key news stories impacting Astec Industries this week:

• Positive Sentiment: Astec reported a surge in backlog, which may support future demand and revenue visibility. Astec Industries Q3 2026: A Guidance Cut and a Backlog Surge
• Neutral Sentiment: The company announced board and committee changes; the report did not indicate a direct impact on its financial outlook. Astec Industries Announces Board and Committee Changes
• Negative Sentiment: Third-quarter adjusted results were approximately break-even, with reported EPS of a loss of $0.01 versus analysts’ expected profit of about $0.47. Revenue of $352.4 million also fell short of expectations of about $375.5 million. Astec Industries Q3 Loss Widens
• Negative Sentiment: Astec cut its fiscal 2026 EBITDA outlook, signaling weaker expected profitability. The guidance reduction, alongside the earnings and revenue misses, likely weighed on the shares. Astec Q3 Loss Widens; Cuts FY26 EBITDA Outlook

About Astec Industries

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.