Astec Industries Sees 20% Q1 Sales Growth, Maintains $170–$190M EBITDA Guidance
Astec Industries reported 20.3% Q1 net sales growth led by Materials Solutions and acquisitions, with Materials revenue up 70.6% and backlog up 36%. The company upheld $170–$190 million full-year adjusted EBITDA guidance despite near-term margin pressures and a net debt/EBITDA ratio rising to 2.3× after a $70 million acquisition draw.
1. Q1 Sales and Profit
Astec Industries posted $396.3 million in Q1 revenue, a 20.3% year-over-year increase, with net profit of $1.3 million (6 cents per share) and adjusted earnings of 54 cents per share.
2. Segment Performance
Materials Solutions revenue jumped 70.6%, driven by data center demand and onshoring, while Infrastructure Solutions saw timing shortfalls and a stronger prior-year comparison for asphalt and concrete plant orders.
3. Backlog, Guidance and Leverage
Backlog grew 36% thanks to stable federal funding and robust state budgets, enabling the company to maintain full-year adjusted EBITDA guidance of $170–$190 million despite tariff and freight cost headwinds; net debt/EBITDA rose to 2.3× after a $70 million acquisition draw.