Astec 2Q FY26 net income drops 37.1% to $10.5 million; net sales rise 23.6% to $408.1 million - ASTE News | RalliesAstec 2Q FY26 net income drops 37.1% to $10.5 million; net sales rise 23.6% to $408.1 million
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ASTE• Second-quarter results and segment performance
- Astec posted second-quarter net income attributable to controlling interest of USD 10.5 million, down 37.1%, as diluted EPS fell 37.5% to USD 0.45.
- Net sales climbed 23.6% to USD 408.1 million, while backlog more than doubled to USD 601.1 million, up 57.9%.
- Adjusted EBITDA (non-GAAP) rose 26% to USD 42.6 million; GAAP EBITDA increased 22.8% to USD 35.6 million.
- Infrastructure Solutions net sales rose 11.6% to USD 228.3 million; Materials Solutions jumped 43% to USD 179.8 million.
- Astec cut full-year 2026 adjusted EBITDA guidance to USD 160 million-USD 175 million, citing macro-driven shipment timing impacts for asphalt plants.
