Astec sales rise 23.6% but profit falls, and 2026 adjusted EBITDA guidance is cut
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.