$43.390
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ASTE News
ASTE Events
Company Q1 Revenue of $396.3M Exceeds Expectations
Reports Q1 revenue $396.3M, consensus $393.24M. "A 70.6% increase in Materials Solutions net sales was primarily driven by organic and inorganic contributions. Infrastructure Solutions net sales were relatively flat after the inclusion of inorganic sales which offset timing and mix-related shortfalls in our legacy business." said Jaco van der Merwe, Chief Executive Officer. "We are optimistic about the remainder of 2026 due to favorable order activity and strong end markets. As such, we are maintaining our full year 2026 adjusted EBITDA guidance in the $170 million to $190 million range."
Astec Industries Appoints Chad Hartley as Group President - Infrastructure Solutions
Astec Industries (ASTE) announced that Chad Hartley will join Astec as Group President - Infrastructure Solutions and member of the Executive Leadership Team on May 11, 2026. Hartley most recently served as President, Conveyance Solutions at Regal Rexnord (RRX), a NYSE listed global manufacturing company.
Astec Trading Halted Due to Volatility
Astec trading halted, volatility trading pause
Company Reports Q4 Revenue of $400.6M
Reports Q4 revenue $400.6M vs $359M last year. "We are pleased to report strong fourth quarter and full year results evidencing our focus on consistency, profitability and growth" said Jaco van der Merwe, Chief Executive Officer. "We are optimistic about 2026 due to progress on our internal initiatives, positive customer sentiment and stability provided by federal infrastructure funding. Profitability and positive operating cash flow afford us the opportunity to fund organic and inorganic growth while remaining within our target leverage range of 1.5x to 2.5x."
Astec Industries Completes Acquisition of CWMF
Astec Industries announced the completion of its acquisition of CWMF. Astec anticipates the acquisition will increase gross profit margins, adjusted EBITDA margins and earnings per share.
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