Astec Industries, Inc. delivered a strong third quarter in 2025, with net sales increasing by 20.1% to $350.1 million and adjusted EBITDA surging by 55.7% to $27.1 million. The company's performance was bolstered by operational efficiencies and the strategic acquisition of TerraSource Holdings, LLC. Despite a GAAP net loss, adjusted net income and adjusted EPS showed significant improvements.
Astec Industries delivered a strong second quarter in 2025, with significant improvements in net income, EBITDA, and EPS compared to the prior year. The company's operational efforts and manufacturing efficiencies contributed to these gains, despite a slight decrease in overall net sales. The recent acquisition of TerraSource is expected to further boost future performance.
Astec Industries, Inc. delivered a strong first quarter in line with its plans, with net sales increasing by 6.5% to $329.4 million and net income rising significantly to $14.3 million. The company also announced the acquisition of TerraSource Holdings, LLC for $245.0 million, expected to be accretive from day one.
Astec Industries reported record fourth-quarter results, including net sales of $359.0 million, net income of $21.1 million, and adjusted EPS of $1.19. The company's focus on aftermarket, operational excellence, and procurement contributed to the strong performance. They are anticipating further progress in consistent and profitable growth to produce adjusted EBITDA in the range of $105 million to $125 million for the full year 2025.
Astec Industries reported a decrease in net sales by 3.9% to $291.4 million. The company experienced a net loss of $6.2 million, which included an $8.4 million charge for settling a legacy litigation. Adjusted net income was $7.0 million. The company improved its cash flow, generating $22.5 million in operating cash flow and $19.9 million in free cash flow.
Astec Industries reported a slight decrease in net sales, driven by softness in the Materials Solutions segment, but experienced an increase in implied orders. The company reported a loss per share due to a significant goodwill impairment charge, though adjusted EPS remained positive. They are focused on improving market dynamics and implementing cost efficiencies.
Astec Industries reported a decrease in net sales by 11.1% to $309.2 million and a decline in diluted EPS to $0.15 compared to $0.53 in the first quarter of the previous year. The company experienced challenges in the Materials Solutions segment due to finance capacity constraints and supply chain delays in the Infrastructure Solutions segment, but anticipates improvements throughout the year.
Astec Industries reported a slight decrease in net sales for Q4 2023, primarily due to declines in Materials Solutions and international markets, offset by growth in Infrastructure Solutions. Gross margin significantly improved, and the company saw a substantial increase in both diluted and adjusted EPS. The backlog continued to normalize, but implied orders showed positive momentum.
Astec Industries reported a decrease in net sales by 3.8% to $303.1 million. The company experienced a diluted EPS of $(0.29) compared to $0.03, and an adjusted EPS of $(0.01) compared to $0.28, impacted by a $6.4 million litigation loss contingency. Despite these challenges, the gross margin increased by 220 basis points to 23.0%. The backlog was $614.7 million as of September 30, 2023.
Astec Industries reported a strong second quarter in 2023, achieving record net sales of $350.0 million, a 10% increase compared to the prior year. The company's operating margin improved significantly, and diluted EPS reached $0.58, a substantial increase from $(0.17) in the same quarter of the previous year. Adjusted EPS also saw a considerable rise to $0.87 from $0.19.
Astec Industries reported a strong first quarter in 2023, with net sales increasing by 19.5% to $347.9 million. The company saw improvements in operating margin, which increased by 370 bps to 5.1%, and diluted EPS rose to $0.53 compared to $0.18 in the prior year. Adjusted EPS also showed substantial growth, reaching $0.90 compared to $0.41 in the same period last year. These results reflect strong demand and successful execution of strategic initiatives.
Astec Industries reported a robust fourth quarter with a 31.2% increase in net sales, driven by volume, pricing, and mix improvements. The company's operating margin improved by 320 bps, and adjusted EPS reached $0.34 compared to a loss in the prior year. Backlog also increased by 19.7%, indicating strong future demand.
Astec Industries reported an 18.1% increase in net sales to $315.2 million, driven by volume, price realization, and mix in both Infrastructure Solutions and Materials Solutions groups. Backlog increased 56.2% to $969.0 million. However, gross profit margin decreased by 250 bps to 20.7% due to manufacturing inefficiencies from supply chain disruptions, and operating margin also declined.
Astec Industries reported a net sales increase of 14.6% to $318.2 million, but experienced a net loss of $3.9 million compared to a net income of $8.3 million in the prior year. The company's backlog increased significantly by 92.0% to $837.4 million. Financial results were negatively impacted by supply chain disruptions and inflationary pressures.
Astec Industries reported a slight increase in net sales for Q1 2022, but experienced a significant decrease in net income and earnings per share. The company faced challenges including inflation outpacing sales volume, supply chain disruptions, and COVID-19 impacts on the workforce. Despite these challenges, backlog reached a record level, and customer sentiment remains positive.
Astec Industries reported a 12.1% increase in net sales to $267.8 million for Q4 2021; however, the company experienced a net loss of $9.2 million, a significant decrease from the previous year's net income of $15.4 million, primarily due to supply chain disruptions, labor restrictions, and increased SG&A costs.
Astec Industries reported a strong third quarter in 2021, with net sales increasing by 15.4% to $267.0 million and net income increasing by 481.3% to $9.3 million. The company's adjusted EPS increased to $0.50 from $0.19, and backlog reached a record $620.5 million.
Astec Industries reported a 4.8% increase in net sales to $278.0 million, a 160 bps increase in gross profit margin to 24.1%, a 3.2% decrease in net income to $9.0 million, and a decrease in diluted EPS to $0.39. The company's backlog reached a record $436.1 million.
Astec Industries reported a decrease in net sales and net income for the first quarter of 2021. Net sales decreased by 1.5% to $284.4 million, while net income decreased by 57.8% to $8.7 million. The company's backlog increased significantly, indicating strong future demand.
Astec Industries reported a decrease in net sales by 15.6% to $238.9 million compared to the prior year fourth quarter. However, the company experienced an increase in gross profit margin to 23.8% and a significant increase in net income by 183.7% to $15.4 million. Diluted EPS increased to $0.67 compared to $(0.81) in the same quarter of the previous year.
Astec Industries reported a decrease in net sales by 9.5% to $231.4 million and a decrease in net income by 45.2% to $1.6 million for Q3 2020. Despite the decline in sales, the company achieved adjusted gross and EBITDA margin expansion due to strategic initiatives and operational excellence. Adjusted EPS increased to $0.20 from $0.17.
Astec Industries reported a decrease in net sales by 13.0% to $265.3 million, but adjusted net sales decreased by only 6.8%. EPS was $0.41, while adjusted EPS increased by 81.1% to $0.67. The company announced the closure of its Mequon, Wisconsin facility as part of its global footprint consolidation strategy.
Astec Industries reported a decrease in net sales by 11.3% to $288.8 million for Q1 2020 compared to the previous year. However, the company saw an increase in EPS to $0.91 and an adjusted EPS of $1.00, which included a $0.42 benefit from the CARES Act. The adjusted EBITDA margin also increased by 60 bps to 8.4%.
Astec Industries reported a decrease in net sales by 10.7% to $283.2 million compared to the prior year's fourth quarter. The company experienced an EPS loss of $0.85, with an adjusted EPS of $0.40. The company's adjusted EBITDA decreased by 46.6% to $15.0 million. The company began restructuring initiatives related to strategic pillars for profitable growth – Simplify, Focus and Grow