ASTE

EX-99.1

2 aste-20260630xexx991.htm

EXHIBIT 99.1 - NEWS RELEASE Q2 2026

Document

NEWS RELEASE

ASTEC REPORTS SECOND QUARTER 2026 RESULTS

Second Quarter 2026 Overview (all comparisons are made to the corresponding prior year second quarter unless otherwise specified):

•Net sales of $408.1 million, increased 23.6%

•Net income of $10.5 million; Adjusted net income of $21.8 million

•EBITDA of $35.6 million; Adjusted EBITDA of $42.6 million

•Diluted EPS of $0.45; Adjusted EPS of $0.94

•Operating cash flow of $52.8 million year to date; Free cash flow of $37.3 million year to date

•Backlog of $601.1 million grew 57.9%

CHATTANOOGA, Tenn. (August 5, 2026) – Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for the second quarter ended June 30, 2026.

"We reported second quarter results with increased net sales, EBITDA and backlog. Materials Solutions orders continued to remain strong, while dealers reported healthy inventory levels and rental conversions." said Jaco van der Merwe, Chief Executive Officer. Mr. van der Merwe went on to say, "For Infrastructure Solutions, order patterns remained consistent with the prior year, however macro-driven events are impacting the timing of shipments for asphalt plants. As such, we are revising our full year 2026 adjusted EBITDA guidance from the previous range of $170 million to $190 million to $160 million to $175 million."

GAAPAdjusted

(in millions, except per share and percentage data)2Q 20262Q 2025Change2Q 20262Q 2025Change

Net sales$408.1 $330.3 23.6 %

Infrastructure Solutions228.3 204.6 11.6 %

Material Solutions179.8 125.7 43.0 %

Backlog601.1 380.8 57.9 %

Infrastructure Solutions288.6 256.1 12.7 %

Material Solutions312.5 124.7 150.6 %

Income from operations20.4 21.4 (4.7)%35.2 26.8 31.3 %

Operating margin5.0 %6.5 %(150) bps8.6 %8.1 %50  bps

Effective tax rate30.0 %25.7 %430  bps26.8 %25.4 %140  bps

Net income attributable to controlling interest10.5 16.7 (37.1)%21.8 20.8 4.8 %

Diluted EPS0.45 0.72 (37.5)%0.94 0.90 4.4 %

EBITDA (a non-GAAP measure)35.6 29.0 22.8 %42.6 33.8 26.0 %

EBITDA margin (a non-GAAP measure)8.7 %8.8 %(10) bps10.4 %10.2 %20  bps

Segments Results

Our reportable segments are comprised of sites based upon the nature of the products or services produced, the type of customer for the products, the similarity of economic characteristics, the manner in which management reviews results and the nature of the production process, among other considerations.

Infrastructure Solutions - Design, engineer, manufacture and market a complete line of asphalt plants, concrete plants and their related components and ancillary equipment, including industrial automation controls and telematics platforms, as well as supply asphalt road construction equipment, industrial thermal systems, land clearing, recycling and other heavy equipment, along with aftermarket parts.

•Net sales of $228.3 million increased 11.6% compared to the same period the prior year due largely to demand for concrete, mobile paving, forestry equipment and inorganic contributions. Backlog increased 12.7%. Implied orders

1725 Shepherd Road | Chattanooga, Tennessee 37421 | 423.899.5898 | astecindustries.com

NEWS RELEASE

declined sequentially by $51.1 million, or 20.0%, to $204.3 million. The book-to-bill ratio was 89.5%. Both were primarily due to macro-driven conservatism by certain asphalt plant customers.

•Segment Operating Adjusted EBITDA of $32.9 million increased 2.2% and Segment Operating Adjusted EBITDA margin of 14.4% decreased 130 basis points compared to the second quarter the prior year.

Materials Solutions - Design and manufacture hard and soft rock processing equipment, in addition to servicing and supplying parts for the aggregate, civil construction, energy, mining, hydro-electric, recycling, ports and bulk material handling markets.

•Net sales of $179.8 million increased by 43.0% due to anticipated resurgence of dealer and customer demand for aggregate crushing, screening and conveying equipment. Implied orders increased sequentially by $79.7 million, or 45.3%, to $255.7 million. The book to bill ratio stood at 142.2%.

•Segment Operating Adjusted EBITDA of $22.1 million increased $7.8 million, or 54.5%, and Segment Operating Adjusted EBITDA margin of 12.3% increased 90 basis points versus the same period in 2025.

Liquidity and Cash Flow

•Our total liquidity was $265.8 million, consisting of $75.7 million of cash and cash equivalents available for operating purposes and $190.1 million available for additional borrowings under our revolving credit facility.

•Operating Cash Flow in the quarter was $12.1 million and Free Cash Flow in the quarter was $4.7 million.

Second Quarter Capital Allocation

•Capital expenditures of $7.4 million.

•Dividend payment of $0.13 per share.

Investor Conference Call and Webcast

Astec will conduct a conference call and live webcast today, August 5, 2026, at 8:30 A.M. Eastern Time, to review its

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aste-20260225false000079298700007929872026-02-252026-02-25

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 25, 2026

Astec Industries, Inc. (Exact name of registrant as specified in its charter)

Tennessee001-1159562-0873631 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

1725 Shepherd Road, Chattanooga, Tennessee 37421 (Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (423) 899-5898

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common StockASTEThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02. Results of Operations and Financial Condition

On February 25, 2026, Astec Industries, Inc. (the "Company") reported results of operations for the three months and year ended December 31, 2025. A copy of that press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits (d)Exhibits

99.1News release dated February 25, 2026

104Cover Page Interactive Data File embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Astec Industries, Inc.

Date: February 25, 2026 By:/s/ Brian J. Harris Brian J. Harris

Chief Financial Officer