Nov 5, 7:01 AM ET
Astec Industries reported third quarter 2026 net sales of $352.4 million, up 0.7%, but a net loss attributable to controlling interest of $12.2 million, or $(0.53) per diluted share, compared with a loss of $(0.18) a year earlier. The company cut its full year 2026 Adjusted EBITDA guidance to $140 million to $150 million from $160 million to $175 million, citing a pause in orders and inflationary headwinds, which lowers the earnings outlook for shareholders.
- Q3 2026 net sales were $352.4 million, up 0.7% from $350.1 million a year earlier
- Q3 net loss attributable to controlling interest was $12.2 million; Adjusted EPS was $(0.01) versus $0.47 a year earlier
- Full year 2026 Adjusted EBITDA guidance revised to $140 million to $150 million from $160 million to $175 million
- Backlog rose 49.2% to $670.5 million; Q3 Adjusted EBITDA was $18.9 million versus $27.1 million
Read the filing on SEC.gov ↗
Nov 3, 4:01 PM ET
Astec Industries announced that director Linda Knoll will resign from the Board effective December 14, 2026, and that the Board appointed John Keating as an independent director effective December 11, 2026, with a seat on the Audit Committee. The filing states Ms. Knoll's resignation was not the result of any disagreement with the company. The change is a board composition update and includes no financial results.
- Linda Knoll notified the Board on October 29, 2026 of her resignation from the Board and all committees, effective December 14, 2026.
- The Board appointed John Keating, age 65, effective December 11, 2026, with an initial term expiring at the 2027 annual meeting.
- Mr. Keating joins the Audit Committee and was deemed independent; he previously served as an executive at CRH plc from 1994 to 2026.
Read the filing on SEC.gov ↗
Aug 5, 7:01 AM ET
Astec Industries reported second-quarter 2026 net sales of $408.1 million, up 23.6% from a year earlier, while net income fell to $10.5 million from $16.7 million. The company lowered its full-year 2026 adjusted EBITDA guidance to $160 million to $175 million from $170 million to $190 million, citing macro-driven timing of asphalt plant shipments.
- Q2 2026 net sales were $408.1 million, up 23.6% from $330.3 million in Q2 2025.
- Diluted EPS was $0.45 versus $0.72 a year earlier; adjusted EPS was $0.94 versus $0.90.
- Full-year 2026 adjusted EBITDA guidance was revised to $160 million to $175 million from $170 million to $190 million.
- Backlog reached $601.1 million, up 57.9% from $380.8 million.
Read the filing on SEC.gov ↗
Jul 30, 4:01 PM ET
Astec Industries expanded its board from nine to ten members and appointed William E. Waltz as an independent director, effective October 29, 2026. Waltz will also join the Compensation Committee and currently serves as President and CEO of Atkore, Inc.
- Board increased from nine to ten members; Waltz appointed effective October 29, 2026
- Waltz, age 62, is President and CEO and a director of Atkore, Inc. (NYSE: ATKR), positions held since 2018
- Waltz will serve an initial term expiring at the 2027 annual meeting and joins the Compensation Committee
- Board determined Waltz is independent; he will receive the standard non-employee director compensation
Read the filing on SEC.gov ↗
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