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Astec Industries, Inc. (ASTE)
NASDAQ:ASTE
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Astec (ASTE) AI Stock Analysis

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ASTE

Astec

(NASDAQ:ASTE)

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Neutral 54 (OpenAI - 5.2)
Rating:54Neutral
Price Target:
$46.00
▼(-18.44% Downside)
Action:Reiterated
Date:08/06/26
Overall score is held back primarily by weak technicals (downtrend and negative momentum) and a high P/E that limits valuation support. Financial performance is improving but still constrained by margin pressure, higher leverage, and uneven cash-flow history. The latest earnings call was a positive offset due to strong demand indicators (orders/backlog and parts & service growth), though tempered by lowered full-year EBITDA guidance on delivery timing and mix-driven margin headwinds.
Positive Factors
Recurring aftermarket growth
A growing aftermarket contribution can make revenue and margins more resilient than equipment sales alone. The expanding installed-base support business may improve customer retention and provide recurring parts and service demand.
Negative Factors
Persistent margin compression
Thin and declining margins leave limited protection against input-cost inflation, execution issues, or unfavorable product mix. Greater mobile-equipment exposure and parts margin pressure could constrain operating leverage even if revenue continues growing.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring aftermarket growth
A growing aftermarket contribution can make revenue and margins more resilient than equipment sales alone. The expanding installed-base support business may improve customer retention and provide recurring parts and service demand.
Read all positive factors

Astec (ASTE) vs. SPDR S&P 500 ETF (SPY)

Astec Business Overview & Revenue Model

Company Description
Astec Industries, Inc. is a company dedicated to the creation, production, and global distribution of specialized machinery and essential components. These products primarily support road construction and various other heavy building and civil eng...
How the Company Makes Money
Astec primarily makes money by selling capital equipment and providing recurring aftermarket support to owners and operators of its machinery. A major revenue stream is the sale of new equipment systems and plants (for example, asphalt mixing plan...

Astec Earnings Call Summary

Earnings Call Date:Aug 05, 2026
(Q2-2026)
|
% Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call presents a largely positive operational and financial picture: record revenues and adjusted EBITDA, strong parts & service growth, significant backlog and order momentum (especially in Material Solutions), successful new product launches, and healthy liquidity. Primary negatives are timing-related — delayed asphalt plant deliveries causing a downward revision to full-year adjusted EBITDA guidance and some margin compression in Infrastructure Solutions due to mix shifts and parts margin pressure. Management remains confident in demand and long-term drivers, and many of the challenges are timing or macro-related rather than demand collapses.
Positive Updates
Record Revenue and Adjusted EBITDA
Net sales of $408.1M, up 23.6% year-over-year; adjusted EBITDA of $42.6M, up 26% year-over-year; adjusted EBITDA margin of 10.4%, up 20 basis points; adjusted EPS $0.94 vs $0.90 prior-year quarter.
Negative Updates
Revised Full-Year Adjusted EBITDA Guidance
Full-year 2026 adjusted EBITDA guidance reduced from prior $170M-$190M to $160M-$175M, primarily due to timing shifts in asphalt plant deliveries into Q4 2026 and Q1 2027; management expects H2 split roughly 1/3 Q3 and 2/3 Q4.
Read all updates
Q2-2026 Updates
Negative
Record Revenue and Adjusted EBITDA
Net sales of $408.1M, up 23.6% year-over-year; adjusted EBITDA of $42.6M, up 26% year-over-year; adjusted EBITDA margin of 10.4%, up 20 basis points; adjusted EPS $0.94 vs $0.90 prior-year quarter.
Read all positive updates
Company Guidance
Management revised full-year 2026 adjusted EBITDA guidance to $160–$175 million (previously $170–$190 million), modeling second-half adjusted EBITDA weighted roughly 1/3 in Q3 and 2/3 in Q4; other 2026 guidance items include an effective tax rate of 26%–30%, depreciation & amortization of $55–$65 million, capital expenditures of $35–$45 million, quarterly adjusted SG&A of $70–$75 million, and interest expense of about $7 million. The revision is provided against a strong Q2 operating backdrop: net sales of $408.1 million (+23.6% YoY), adjusted EBITDA $42.6 million (+26%) and margin 10.4% (+20 bps), adjusted EPS $0.94, parts & service revenue $135.5 million (+34.8%) representing 33.2% of sales for the quarter (35% YTD), backlog of $601.1 million (+57.9%), implied orders of $460 million (+49.1% YoY, +6.7% sequentially), Material Solutions net sales $179.8 million (+43%) with segment adjusted EBITDA $22.1 million (+54.5%, 12.3% margin), and Infrastructure Solutions net sales $228.3 million (+11.6%); liquidity stood at $75.7 million cash, $190.1 million available credit (total $265.8 million) with net leverage 2.2x (target range 1.5–2.5x, expected ~1.7x by year-end).

Astec Financial Statement Overview

Summary
Financials show a rebound with TTM revenue up to $1.56B (+5.3%) and profitability recovering from the 2022–2024 trough (TTM net margin ~1.7%, EBIT margin ~4.1%). Offsetting this, margins have compressed versus 2025, leverage is higher (debt-to-equity ~0.58), ROE is modest (~3.8%), and cash-flow consistency is mixed despite improved TTM OCF ($80M) and FCF ($47M).
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.56B1.41B1.31B1.34B1.27B1.10B
Gross Profit403.70M374.20M327.90M331.10M264.10M249.50M
EBITDA106.60M107.90M51.40M115.00M69.90M61.30M
Net Income19.60M38.80M4.30M33.50M-100.00K15.80M
Balance Sheet
Total Assets1.42B1.37B1.04B1.06B1.01B905.80M
Cash, Cash Equivalents and Short-Term Investments78.60M72.00M91.30M68.90M66.70M142.70M
Total Debt393.40M347.90M118.30M83.10M87.70M2.90M
Total Liabilities726.40M685.60M406.00M405.60M387.50M254.50M
Stockholders Equity689.10M681.70M637.80M653.40M626.90M650.80M
Cash Flow
Free Cash Flow31.80M21.50M2.50M-6.30M-114.60M-12.70M
Operating Cash Flow80.20M61.40M23.00M27.80M-73.90M7.40M
Investing Cash Flow-363.80M-287.80M-18.00M-12.90M-53.20M-18.40M
Financing Cash Flow271.50M206.10M24.40M-18.30M60.10M-12.10M

Astec Technical Analysis

Technical Analysis Sentiment
Negative
Last Price56.40
Price Trends
50DMA
52.58
Negative
100DMA
53.61
Negative
200DMA
51.58
Negative
Market Momentum
MACD
-3.41
Positive
RSI
27.03
Positive
STOCH
13.62
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASTE, the sentiment is Negative. The current price of 56.4 is above the 20-day moving average (MA) of 47.72, above the 50-day MA of 52.58, and above the 200-day MA of 51.58, indicating a bearish trend. The MACD of -3.41 indicates Positive momentum. The RSI at 27.03 is Positive, neither overbought nor oversold. The STOCH value of 13.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ASTE.

Astec Risk Analysis

Astec disclosed 31 risk factors in its most recent earnings report. Astec reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Astec Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
$1.14B21.8210.73%1.30%-7.37%-25.20%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
62
Neutral
$597.63M-5.06-25.53%4.37%-11.14%-614.21%
57
Neutral
$513.78M-1.61-27.20%1.74%55.23%-1626.88%
54
Neutral
$953.25M48.502.88%0.92%18.70%-57.51%
54
Neutral
$490.48M-6.33-22.27%2.40%-17.26%19.39%
45
Neutral
$414.36M-5.42-14.76%4.69%-281.71%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ASTE
Astec
41.87
-1.22
-2.82%
CMCO
Columbus Mckinnon
17.33
3.61
26.29%
LNN
Lindsay
116.14
-20.32
-14.89%
TWI
Titan International
6.67
-1.86
-21.81%
WNC
Wabash National
11.67
1.87
19.09%
HY
Hyster-Yale Materials Handling
32.93
-2.50
-7.06%

Astec Corporate Events

Business Operations and StrategyExecutive/Board Changes
Astec Adds Independent Director, Strengthens Board Governance
Positive
Jul 30, 2026
On July 30, 2026, Astec Industries reported that its board of directors had voted on July 27, 2026 to expand the board from nine to ten members and appoint William (Bill) E. Waltz as an independent director, effective October 29, 2026. Waltz, curr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 06, 2026