Astec Industries Q3 sales miss estimates on macroeconomic uncertainty
ASTE•Astec Industries’ third-quarter sales rose 0.7% year over year to $352.4 million, below analysts’ $377.57 million estimate. The company lowered its 2026 adjusted EBITDA guidance to $140 million-$150 million from $160 million-$175 million.
1. Sales and outlook
Astec Industries reported third-quarter sales of $352.4 million, up 0.7% year over year and below the $377.57 million analyst consensus. Adjusted EPS was a loss of $0.01, adjusted EBITDA was $18.9 million, and loss per share was $0.53.
2. Pressure on results
The company said macroeconomic uncertainty led some asphalt plant customers to pause orders earlier in the year, weighing on third-quarter sales and margins. Inflation in materials, labor and overhead also reduced margins and profitability. Infrastructure Solutions sales fell on unfavorable volume and mix, while Materials Solutions sales rose on favorable pricing despite higher costs.
3. Lower 2026 guidance
Astec lowered its 2026 adjusted EBITDA outlook to $140 million-$150 million from $160 million-$175 million, citing ongoing macroeconomic uncertainty and inflationary pressures. It said it sees underlying demand rebounding, as reflected in backlog growth.
