Astec Posts 20.3% Sales Gain to $396.3M, Backlog Jumps 36.4%
ASTE•Astec Industries posted 1Q26 net sales of $396.3 million, a 20.3% increase, with 70.6% Materials Solutions growth and GAAP net income of $1.3 million versus adjusted $12.5 million. Backlog rose 36.4% to $549.2 million and the company reaffirmed full-year adjusted EBITDA guidance of $170–$190 million.
1. Financial Highlights
Net sales rose 20.3% to $396.3 million in 1Q26, including a 70.6% increase in Materials Solutions and flat Infrastructure Solutions. GAAP net income declined to $1.3 million from $14.3 million a year earlier, while adjusted net income was $12.5 million. EBITDA was $23.6 million with adjusted EBITDA of $30.3 million.
2. Segment Performance
Materials Solutions net sales climbed 70.6% to $159.3 million driven by organic growth and acquisitions, and segment adjusted EBITDA increased 71.2% to $8.9 million. Infrastructure Solutions recorded net sales of $237.0 million, up 0.4%, with segment adjusted EBITDA down 18.9% at $34.8 million.
3. Backlog and Guidance
Total backlog reached $549.2 million, up 36.4% year-over-year, led by an 87.5% increase in Materials Solutions backlog. The company maintained its full-year 2026 adjusted EBITDA guidance in the $170 million to $190 million range based on strong order activity.
4. Cash Flow and Liquidity
Operating cash flow was $40.7 million and free cash flow stood at $32.6 million for the quarter. Total liquidity was $267.5 million, comprising $73.4 million in cash and $194.1 million of available borrowing capacity, with leverage at 2.3x.
