The 90% EPS miss versus consensus ($0.06 actual vs $0.88 expected) is a severe negative surprise that will likely drive significant selling pressure. Watch for the conference call for color on whether tariff and mix headwinds persist into Q2. The maintained EBITDA guidance provides a floor, but the magnitude of the Q1 miss undermines credibility.
Price Chart
Executive Summary
Astec reported Q1 2026 GAAP diluted EPS of $0.06, a 90.3% decline from $0.62 in Q1 2025, and net income fell 90.9% to $1.3M. Revenue grew 20.3% to $396.3M, driven by a 70.6% surge in Materials Solutions, but Infrastructure Solutions was flat and profitability collapsed due to mix, tariffs, and ConExpo costs. Management maintained full-year 2026 adjusted EBITDA guidance of $170M-$190M, but the severe earnings miss and margin compression overshadow the top-line growth.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $0.06, down 90.3% YoY from $0.62
- Net income attributable to controlling interest of $1.3M, down 90.9% YoY from $14.3M
- Revenue of $396.3M, up 20.3% YoY, driven by Materials Solutions (+70.6%)
- Infrastructure Solutions revenue flat at $237.0M (+0.4%)
- GAAP operating income fell 56.1% to $9.0M; operating margin contracted 390 bps to 2.3%
- Adjusted EPS (non-GAAP) of $0.54, down 40.7% YoY from $0.91
- Adjusted EBITDA of $30.3M, down 13.9% YoY; adjusted EBITDA margin contracted 310 bps to 7.6%
- Backlog grew 36.4% to $549.2M, signaling future demand
- Operating cash flow of $40.7M, up from $20.5M; free cash flow of $32.6M, up from $16.6M
- Leverage at 2.3x, within target range of 1.5x-2.5x
- Full-year 2026 adjusted EBITDA guidance maintained at $170M-$190M
Financial Impact
GAAP EPS collapsed 90% YoY to $0.06, far below the $0.88 Street consensus; net income fell to $1.3M from $14.3M. Revenue growth was entirely inorganic and from the lower-margin Materials segment.
Risk Factors
- Tariff and freight cost headwinds may persist, further compressing margins
- Infrastructure Solutions organic weakness could continue if mix issues are not resolved
- High leverage (2.3x) limits financial flexibility if earnings deteriorate further
- Maintained guidance may prove unachievable if Q1 trends continue
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000792987-26-000025 |
| Document: aste-20260506.htm | 0000792987-26-000025 |
| Document: 0000792987-26-000025-index-headers.html | 0000792987-26-000025 |
| Document: 0000792987-26-000025-index.html | 0000792987-26-000025 |
| Document: 0000792987-26-000025.txt | 0000792987-26-000025 |
| 8-K Data (Synthetic) | 0000792987-26-000025 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | Press Release | $38.45 | awaiting T+20 | — | $38.46 (+0.03%) |
Aug 16, 2026 10w ago | Institutional Cluster | $43.25 $40.87 | ▼ −5.50% | ▼ −3.53% | $38.46 (−11.08%) |
Aug 5, 2026 11w ago | 8-K | $45.04 $42.32 | ▲ +6.04% | ▲ +5.44% | $38.46 (+14.61%) |
Jul 30, 2026 12w ago | 8-K | $50.66 $43.39 | ▼ −14.35% | ▼ −17.34% | $38.46 (−24.08%) |
May 6, 2026 24w ago | 8-K | $53.60 $51.23 | ▲ +4.42% | ▲ +7.20% | $38.46 (+28.25%) |
Apr 15, 2026 27w ago | Press Release | $57.83 | awaiting T+20 | — | $38.46 (−33.49%) |
Mar 13, 2026 32w ago | DEFA14A | $52.65 $61.63 | ▲ +17.06% | ▲ +13.28% | $38.46 (−26.95%) |
Feb 25, 2026 34w ago | 8-K | $61.17 $54.87 | ▼ −10.30% | ▼ −5.07% | $38.46 (−37.13%) |
US Market Status
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