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ASTE

Astec Industries, Inc.

ASTE

Astec Industries, Inc. • NASDAQ
$44.26 ▲ 0.59% (+0.26)
Market Cap $1.01 B
52w High $50.83
52w Low $29.65
Dividend Yield 0.52%
P/E 21.18
Volume 64.19K
Outstanding Shares 22.88M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $350.1M ▲ $87.4M ▲ $-4.2M ▼ -1.2% ▼ $-0.18 ▼ $14.5M ▼
Q2-2025 $330.3M ▲ $66.9M ▼ $16.7M ▲ 5.056% ▲ $0.73 ▲ $30.7M ▼
Q1-2025 $329.4M ▼ $72M ▲ $14.3M ▼ 4.341% ▼ $0.63 ▼ $34.7M ▼
Q4-2024 $359M ▲ $68.2M ▼ $21.1M ▲ 5.877% ▲ $0.92 ▲ $50.6M ▲
Q3-2024 $291.4M $74M $-6.2M -2.128% $-0.27 $1.1M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $71.8M ▼ $1.349B ▲ $680M ▲ $668.9M ▼
Q2-2025 $91.6M ▼ $1.065B ▲ $390.5M ▼ $674.9M ▲
Q1-2025 $95.4M ▲ $1.056B ▲ $402.9M ▼ $653.2M ▲
Q4-2024 $91.3M ▲ $1.044B ▼ $406M ▼ $637.8M ▲
Q3-2024 $58.9M $1.067B $435.7M $631.4M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.2M ▼ $-8.1M ▼ $-252.7M ▼ $241.6M ▲ $-19.4M ▼ $-12.3M ▼
Q2-2025 $16.8M ▲ $12.9M ▼ $-3.5M ▲ $-14.2M ▲ $-3.9M ▼ $9M ▼
Q1-2025 $14.3M ▼ $20.5M ▼ $-4.2M ▼ $-15M ▼ $1.8M ▼ $16.6M ▼
Q4-2024 $20.9M ▲ $36.6M ▲ $-4M ▼ $4.9M ▲ $35.5M ▲ $32.1M ▲
Q3-2024 $-6.2M $22.5M $-1.4M $-30M $-7.9M $19.9M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Infrastructure Group
Infrastructure Group
 $300.00M ▲$240.00M ▼$210.00M ▼$200.00M ▼
Material Solutions
Material Solutions
 $120.00M ▲$100.00M ▼$130.00M ▲$160.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Astec has grown its sales steadily over the last several years, helped by infrastructure and construction demand, but profit quality has been uneven. Gross margins have improved meaningfully, suggesting better pricing and mix, yet operating margins remain thin and earnings have been volatile, swinging from solid profits to near break‑even. This points to a business that is capturing more value per dollar of revenue than before, but still dealing with cost pressures, project timing, and integration or restructuring effects that weigh on the bottom line.

Balance Sheet

Balance Sheet The balance sheet looks generally conservative. The company carries a solid equity base, modest but rising debt, and a reasonable cash cushion. Astec has shifted from being debt‑free to using some leverage, likely to support growth and acquisitions, but not to an obviously aggressive level. Overall, the financial structure appears sound, with flexibility to navigate industry cycles, though investors should keep an eye on further debt buildup and how new assets translate into returns.

Cash Flow

Cash Flow Cash generation has been choppy. Operating cash flow has fluctuated from strong years to weak ones, including a recent soft patch, and free cash flow has hovered around break‑even after a notably strong year early in the period. Capital spending has been steady rather than excessive, so the variability is more about working capital swings and profit volatility than heavy investment. The cash flow profile fits a cyclical, project‑driven equipment business: capable of good cash years, but not yet consistently converting earnings into cash.

Competitive Edge

Competitive Edge Competitively, Astec benefits from its broad “Rock to Road” offering, serving much of the value chain from material processing to asphalt production and paving. Its long‑standing brands, combined under the Astec name, and a sizable aftermarket parts and service network create switching costs and recurring revenue. The TerraSource acquisition deepens its presence in crushing and material handling and further tilts the mix toward aftermarket sales, which tend to be more resilient and higher margin. The main risks are exposure to public infrastructure budgets, construction cycles, and competition from large global machinery players with scale advantages.

Innovation and R&D

Innovation and R&D Innovation is a clear focus. Astec has been early in reclaimed and warm‑mix asphalt technologies that lower costs and emissions, and it is pushing into electrification and greener solutions to align with tightening environmental standards. The Astec Digital ecosystem, reinforced by the MINDS acquisition, shows a deliberate move toward connected, data‑rich equipment and plant automation, which can deepen customer relationships and differentiate its offering. New product launches and the integration of TerraSource suggest an active development and acquisition pipeline, but the key test will be turning these innovations into sustainably higher margins and steadier earnings.

Summary

Astec sits at the intersection of infrastructure spending, environmental regulation, and industrial digitalization. The company has grown revenues and improved gross profitability, backed by a stronger aftermarket platform and a more integrated product portfolio, yet it has not fully translated these advantages into stable, robust earnings or consistently strong cash flows. The balance sheet is generally solid, giving room to keep investing in technology, acquisitions, and capacity. Going forward, the main opportunities lie in leveraging its green and digital offerings and expanding recurring aftermarket revenues, while the main watchpoints are execution on acquisitions, margin resilience through cycles, and the ability to smooth out earnings volatility in a cyclical end market.

NEWS

November 11, 2025 · 4:01 PM UTC

Astec Industries, Inc. (NASDAQ: ASTE) to Participate in Stephens Investment Conference (NASH2025) on November 18, 2025

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November 6, 2025 · 4:01 PM UTC

Astec Industries, Inc. (NASDAQ: ASTE) to Participate in Baird 2025 Global Industrial Conference on November 13, 2025

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November 5, 2025 · 7:01 AM UTC

Astec Reports Third Quarter 2025 Results

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October 20, 2025 · 4:01 PM UTC

Astec Industries, Inc. Announces the Company's Third Quarter 2025 Conference Call on November 5, 2025, at 8:30 A.M. Eastern Time

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