Astec Industries Q3 net loss more than doubles year over year to $12.2 million
ASTE•Astec Industries’ third-quarter 2026 net loss attributable to controlling interest more than doubled year over year to $12.2 million. Net sales were $352.4 million, and backlog rose 49% to $670.5 million.
1. Quarterly results
Astec Industries reported a third-quarter 2026 net loss attributable to controlling interest of $12.2 million, more than double the year-earlier loss. Net sales were $352.4 million, while backlog increased 49% year over year to $670.5 million. CEO Jaco van der Merwe attributed weaker-than-expected results to earlier order pauses by select asphalt plant customers and inflationary headwinds.
