Overview
Specialized equipment maker's Q4 net sales rose 11.6% yr/yr
Adjusted EPS for Q4 was $1.06
Backlog grew 22.5% to $514.1 mln
Outlook
Astec expects full-year 2026 adjusted EBITDA between $170 mln and $190 mln
Company optimistic about 2026 due to internal initiatives and federal infrastructure funding
Astec plans to fund growth while maintaining target leverage range of 1.5x to 2.5x
Result Drivers
MATERIALS SOLUTIONS GROWTH - Net sales in Materials Solutions segment increased 60.6% due to organic and inorganic growth
BACKLOG INCREASE - Backlog grew 22.5% to $514.1 mln, driven by growth in Materials Solutions
INFRASTRUCTURE SOLUTIONS DECLINE - Infrastructure Solutions net sales decreased 10.1% due to challenging conditions in mobile paving and forestry equipment
Company press release: ID:nGNX2Ym7Xk
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Beat | $400.60 mln | $374.21 mln (2 Analysts) |
Q4 Adjusted EPS | Beat | $1.06 | $0.83 (2 Analysts) |
Q4 EPS | $0.52 | ||
Q4 Adjusted EBITDA | $44.70 mln |
Analyst Coverage
Wall Street's median 12-month price target for Astec Industries Inc is $56.50, about 3.4% below its February 24 closing price of $58.50
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)