<span item_type="fundamental" item_id="534b84ac99c6774c46a16b50aeae829b" counter_id="ST/US/ASTE" env="prod"></span><span item_type="announcement" item_id="620126112937348993" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 1.41 B, beating the estimate of USD 1.384 B.</p><p>EPS: As of FY2025, the actual value is USD 1.68, missing the estimate of USD 1.7.</p><p>EBIT: As of FY2025, the actual value is USD 81.1 M.</p><p></p><h3>Overall Company Performance Highlights (Year Ended December 31, 2025 vs. 2024)</h3><h4>Gross Profit</h4><p>Gross profit for Astec Industries, Inc. increased by 14.1% to $374.2 million (26.5% of net sales) in 2025 from $327.9 million (25.1% of net sales) in 2024, primarily due to favorable pricing and net favorable volume and mix of $81.6 million, partially offset by manufacturing inefficiencies, acquisition-related inventory amortization, higher warranty costs, and unfavorable inventory adjustments. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></p><h4>Income from Operations</h4><p>Income from operations increased by 184.1% to $65.9 million in 2025 from $23.2 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></p><h4>Net Income Attributable to Astec</h4><p>Net income attributable to Astec Industries, Inc. grew by 802.3% to $38.8 million in 2025 from $4.3 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></p><h4>Backlog</h4><p>Overall backlog increased by 22.5% to $514.1 million in 2025 from $419.6 million in 2024, including $53.2 million from the acquired TerraSource business. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></p><h3>Segmented Financial Metrics (Year Ended December 31, 2025 vs. 2024)</h3><h4>Infrastructure Solutions Segment</h4><ul><li><strong>Segment Operating Adjusted EBITDA</strong>: Increased by 10.5% to $134.3 million in 2025 from $121.5 million in 2024, mainly due to favorable pricing and net favorable volume and mix, partially offset by higher personnel-related costs, quality-related costs, unfavorable inventory adjustments, and manufacturing inefficiencies. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li><li><strong>Backlog</strong>: Decreased to $294.2 million in 2025 from $305.5 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li></ul><h4>Materials Solutions Segment</h4><ul><li><strong>Segment Operating Adjusted EBITDA</strong>: Increased by 49.5% to $55.6 million in 2025 from $37.2 million in 2024, primarily due to net favorable volume and mix, coupled with favorable pricing, partially offset by higher personnel-related costs and manufacturing inefficiencies. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li><li><strong>Backlog</strong>: Increased to $219.9 million in 2025 from $114.1 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li></ul><h4>Corporate and Other Operations</h4><ul><li><strong>Net Expenses</strong>: Increased by 4.9% to $49.2 million in 2025 from $46.9 million in 2024, primarily due to higher annual incentive compensation costs. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li></ul><h4>Other Consolidated Operational Metrics</h4><ul><li><strong>Selling, General and Administrative Expenses</strong>: Increased by 11.8% to $308.7 million (21.9% of net sales) in 2025 from $276.1 million (21.2% of net sales) in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li><li><strong>Goodwill Impairment</strong>: No impairment charge was recognized in 2025, compared to a $20.2 million pretax non-cash goodwill impairment charge in 2024 for the Materials Solutions reporting unit. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li><li><strong>Restructuring, Impairment and Other Asset (Gains) Charges, net</strong>: Resulted in a net gain of - $0.4 million in 2025, compared to charges of $8.4 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li><li><strong>Interest Expense</strong>: Increased to $18.5 million in 2025 from $10.7 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li><li><strong>Income Tax Provision</strong>: $14.3 million in 2025 (26.9% effective tax rate) compared to $9.8 million in 2024 (70.5% effective tax rate). <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Provided by Operating Activities</strong>: Increased to $61.4 million in 2025 from $23.0 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: Increased to - $287.8 million in 2025 from - $18.0 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: Increased to $206.1 million in 2025 from $24.4 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li><li><strong>Cash, Cash Equivalents and Restricted Cash (End of Period)</strong>: Decreased to $72.0 million in 2025 from $90.8 million in 2024. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></li></ul><h3>Outlook / Guidance</h3><p>Astec Industries, Inc. anticipates moderate fluctuations in oil prices and minimal changes in steel prices throughout 2026. Capital expenditures for 2026 are estimated to be between $40.0 million and $50.0 million, with interest expense expected to remain elevated due to increased borrowings. <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/792987/000079298726000011/aste-20251231.htm"></span></p>

Astec Industries | 10-K: FY2025 Revenue Beats Estimate at USD 1.41 B