Astec misses third-quarter estimates and cuts full-year EBITDA guidance
Astec reported third-quarter 2026 sales of $352.4 million, up 0.7% year over year, while adjusted EPS was a loss of $0.01 and adjusted EBITDA was $18.9 million. Higher material costs, delayed asphalt-plant orders and an unfavorable sales mix weighed on margins. The company lowered its full-year 2026 adjusted EBITDA guidance to $140-$150 million from $160-$175 million, while backlog reached $670.5 million, up 49.2% year over year.
Why it matters
The guidance reduction lowers Astec's expected 2026 earnings outlook and reflects near-term pressure from inflation and shipment timing. Management expects EBITDA performance to improve in the fourth quarter and into early 2027 as backlog shipments increase and pricing catches up with costs.
Key facts
- 1Third-quarter net sales increased 0.7% year over year to $352.4 million. zacks.com
- 2Adjusted EBITDA was $18.9 million, with an adjusted EBITDA margin of 5.4%. finance.yahoo.com
- 3Backlog rose 49.2% year over year to $670.5 million. zacks.com
- 4Astec reduced full-year 2026 adjusted EBITDA guidance to $140-$150 million from $160-$175 million. finance.yahoo.com
- 5Material-cost inflation exceeded pricing by approximately 200 basis points during the quarter, according to management. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.