The guidance cut is the primary catalyst: Infrastructure Solutions faces macro-driven shipment delays that could persist into H2. However, record backlog and strong Materials Solutions demand provide some downside protection. Watch Q3 order trends from Infra and any further tariff/macro commentary on the earnings call.
Price Chart
Executive Summary
Astec Industries reported Q2 2026 net sales of $408.1M (+23.6% YoY) but missed adjusted EPS consensus of $1.03 with $0.94 (-8.7% miss). More critically, the company lowered its full-year 2026 adjusted EBITDA guidance from $170M-$190M to $160M-$175M, citing macro-driven delays in asphalt plant shipments despite strong Materials Solutions orders and record backlog of $601.1M (+57.9% YoY).
Key Financial Metrics
Key Facts
- Q2 net sales $408.1M, +23.6% YoY vs $330.3M
- GAAP diluted EPS $0.45 vs $0.72 YoY; adjusted EPS $0.94 vs $0.90 YoY
- Adjusted EPS $0.94 missed consensus $1.03 (-8.7%)
- Full-year 2026 adjusted EBITDA guidance lowered from $170M-$190M to $160M-$175M
- Backlog grew 57.9% YoY to $601.1M
- Infrastructure Solutions implied orders fell 20% sequentially; book-to-bill 89.5%
- Materials Solutions implied orders up 45.3% sequentially; book-to-bill 142.2%
- Operating cash flow Q2 $12.1M; free cash flow Q2 $4.7M
Financial Impact
Guidance cut reduces full-year adjusted EBITDA midpoint by ~10% (~$17.5M at midpoint). EPS miss of ~8.7% vs consensus.
Risk Factors
- Further macro-driven delays in asphalt plant shipments
- Tariff and freight cost headwinds pressuring margins
- Transformation program costs and restructuring expenses
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000792987-26-000039 |
| Document: aste-20260805.htm | 0000792987-26-000039 |
| Document: 0000792987-26-000039-index-headers.html | 0000792987-26-000039 |
| Document: 0000792987-26-000039-index.html | 0000792987-26-000039 |
| Document: 0000792987-26-000039.txt | 0000792987-26-000039 |
| 8-K Data (Synthetic) | 0000792987-26-000039 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Press Release | $38.45 | awaiting T+20 | — | $38.45 (+0.00%) |
Aug 16, 2026 10w ago | Institutional Cluster | $43.25 $40.87 | ▼ −5.50% | ▼ −3.53% | $38.45 (−11.10%) |
Aug 5, 2026 11w ago | 8-K | $45.04 $42.32 | ▲ +6.04% | ▲ +5.44% | $38.45 (+14.63%) |
Jul 30, 2026 12w ago | 8-K | $50.66 $43.39 | ▼ −14.35% | ▼ −17.34% | $38.45 (−24.10%) |
May 6, 2026 24w ago | 8-K | $53.60 $51.23 | ▲ +4.42% | ▲ +7.20% | $38.45 (+28.26%) |
Apr 15, 2026 27w ago | Press Release | $57.83 | awaiting T+20 | — | $38.45 (−33.51%) |
Mar 13, 2026 32w ago | DEFA14A | $52.65 $61.63 | ▲ +17.06% | ▲ +13.28% | $38.45 (−26.97%) |
Feb 25, 2026 34w ago | 8-K | $61.17 $54.87 | ▼ −10.30% | ▼ −5.07% | $38.45 (−37.14%) |
US Market Status
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