Astec Reports Q3 2026 Results with Declining EBITDA and Lowered Full-Year Guidance
Astec (ASTE) reported third-quarter results for 2026 characterized by a significant contraction in profitability despite modest revenue growth. Net sales reached $352.4 million, up 0.7% year-over-year, but Adjusted EBITDA fell 30.3% to $18.9 million due to material inflation and unfavorable absorption. The company also reported an Adjusted EPS of -$0.01, a sharp decline from the $0.47 recorded in the prior year's quarter. Despite current earnings headwinds, Astec saw a substantial 49.2% increase in total backlog, reaching $670.5 million, driven by rebounding asphalt plant orders and aggregate processing equipment demand. However, management lowered its full-year 2026 Adjusted EBITDA guidance to a range of $140 million to $150 million, down from the previous estimate of $160 million to $175 million, citing inflation and shifted delivery timelines.
Tickers: $ASTE
Topics: Adjusted EBITDA Backlog EPS Inflation Impact Net Sales