Astec Industries (NASDAQ: ASTE) lifts Q2 sales but trims 2026 outlook

Rhea-AI Filing Summary

Astec Industries reported second quarter 2026 net sales of $408.1 million, a 23.6% increase from $330.3 million a year earlier, led by strong growth in the Materials Solutions segment. GAAP net income was $10.5 million, down from $16.7 million, with diluted EPS falling to $0.45 from $0.72 as operating margin declined to 5.0%. Adjusted results improved, with adjusted net income of $21.8 million versus $20.8 million and adjusted EPS of $0.94 versus $0.90. EBITDA rose to $35.6 million and adjusted EBITDA to $42.6 million, up from $29.0 million and $33.8 million, respectively.

Backlog reached $601.1 million, up 57.9% year over year, driven by a large increase in Materials Solutions backlog, while Infrastructure Solutions backlog grew modestly but saw sequential order softness and a book-to-bill ratio of 89.5%. Management reduced full-year 2026 adjusted EBITDA guidance to $160 million–$175 million from $170 million–$190 million due to macro-driven delays in asphalt plant shipments. Total liquidity was $265.8 million, including $75.7 million of cash and cash equivalents and $190.1 million available under the revolving credit facility, and year-to-date free cash flow was $37.3 million.

Positive

• Net sales grew 23.6% to $408.1 million in Q2 2026, with Materials Solutions revenue up 43.0% and significantly higher backlog, indicating strong demand in aggregate processing markets.
• Backlog increased 57.9% to $601.1 million, providing visibility into future revenue, with Materials Solutions backlog rising 150.6% year over year.
• Adjusted EBITDA rose 26.0% to $42.6 million and adjusted EPS improved to $0.94, reflecting stronger underlying operating performance after excluding transformation, restructuring and acquisition-related costs.

Negative

• GAAP net income declined 37.1% to $10.5 million and diluted EPS fell to $0.45, as operating margin compressed by 150 basis points and interest expense increased.
• 2026 adjusted EBITDA guidance was lowered to $160–$175 million from $170–$190 million, tied to macro-driven delays in asphalt plant shipments within Infrastructure Solutions.
• Infrastructure Solutions showed softer profitability and orders, with segment operating adjusted EBITDA margin down 130 basis points year over year and implied orders decreasing 20.0% sequentially.

Filing Explained

Six-month acquisition spending occurred alongside outstanding long-term debt at June 30, 2026.

Astec Industries used this Form 8-K to report its unaudited second-quarter and six-month results through June 30, 2026; the completed results disclosure also records acquisition cash spending and outstanding long-term debt, affecting the company’s funding position.

At June 30, 2026, the filing reports long-term debt and cash, cash equivalents and restricted cash, with long-term debt higher than at December 31, 2025. These figures show debt outstanding alongside the reported cash balance, rather than treating revolving-credit availability as cash already held.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Net sales: $408.1 million Q2 2026 Net income: $10.5 million Q2 2026 Diluted EPS: $0.45 +5 more

8 metrics

Q2 2026 Net sales $408.1 million Three months ended June 30, 2026; up 23.6% from $330.3 million in 2Q 2025

Q2 2026 Net income $10.5 million Net income attributable to controlling interest for three months ended June 30, 2026; down from $16.7 million

Q2 2026 Diluted EPS $0.45 Diluted earnings per share for three months ended June 30, 2026; decreased from $0.72 in the prior-year quarter

Q2 2026 Adjusted EBITDA $42.6 million Adjusted EBITDA for three months ended June 30, 2026; increased from $33.8 million in 2Q 2025

Backlog $601.1 million Backlog as of the end of second quarter 2026; 57.9% higher than $380.8 million a year earlier

Total liquidity $265.8 million Consisting of $75.7 million cash and cash equivalents and $190.1 million available under the revolving credit facility

2026 adjusted EBITDA guidance $160 million to $175 million Revised full-year 2026 adjusted EBITDA guidance range, reduced from $170 million to $190 million

Year-to-date Free cash flow $37.3 million Free cash flow for the six months ended June 30, 2026, based on $52.8 million operating cash flow and $15.5 million capex

Key Terms

Adjusted EBITDA, Free cash flow, book-to-bill ratio, Transformation program, +2 more

6 terms

Adjusted EBITDA financial

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

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Free cash flow financial

"Free cash flow of $37.3 million year to date"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

book-to-bill ratio financial

"The book-to-bill ratio was 89.5%"

The book-to-bill ratio compares the value of new orders a company receives to the value of products it ships out or bills for over a certain period. If the ratio is above 1, it means the company is getting more orders than it is completing, which can indicate growth. If it's below 1, it suggests demand is slowing down.

Transformation program financial

"Transformation program - Incremental costs related to the execution of our ongoing strategic transformation"

Restructuring and other related charges financial

"Restructuring and other related charges - Charges related to restructuring activities"

Costs a company records when it reorganizes its business—such as closing facilities, laying off staff, breaking leases, or writing down obsolete assets—and any closely related expenses. Think of it like the upfront bill for a major home renovation: it can temporarily reduce reported profits but may lower future operating costs or reflect deeper problems; investors watch these charges to judge whether they signal a strategic reset or recurring trouble.

Adjusted operating margin financial

"Adjusted operating margin 8.6 % | 8.1 %"

Adjusted operating margin shows how much profit a company makes from its core business activities, after removing unusual or one-time costs and income. It helps investors see the company's true profitability by providing a clearer picture, similar to removing unexpected expenses to understand the regular performance. This metric is useful for comparing companies or tracking performance over time, as it highlights consistent earning power.

Earnings Snapshot

Net sales (Q2 2026): $408.1 million · Guidance included

three and six months ended June 30, 2026

Net sales (Q2 2026) $408.1 million 23.6% increase year over year

Net income attributable to controlling interest (Q2 2026) $10.5 million 37.1% decrease year over year

Diluted EPS (Q2 2026) $0.45 37.5% decrease year over year

Adjusted EBITDA (Q2 2026) $42.6 million 26.0% increase year over year

Guidance

Full-year 2026 adjusted EBITDA guidance revised to $160 million to $175 million from $170 million to $190 million.

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FAQ

How did Astec Industries (ASTE) perform in Q2 2026?

Astec Industries reported Q2 2026 net sales of $408.1 million, up 23.6%, and net income of $10.5 million. Diluted EPS declined to $0.45, while adjusted EPS rose to $0.94 and backlog expanded 57.9% to $601.1 million.

What guidance did Astec Industries (ASTE) provide for 2026?

Astec revised its full-year 2026 adjusted EBITDA guidance to $160 million–$175 million, down from $170 million–$190 million. Management cited macro-driven events affecting asphalt plant shipment timing in its Infrastructure Solutions segment.

How did Astec Industries' (ASTE) segments perform in Q2 2026?

Infrastructure Solutions net sales rose 11.6% to $228.3 million, with backlog up 12.7% but implied orders down sequentially. Materials Solutions net sales increased 43.0% to $179.8 million, with implied orders up 45.3% and segment operating adjusted EBITDA margin improving to 12.3%.

What was Astec Industries' (ASTE) backlog and book-to-bill in Q2 2026?

Total backlog reached $601.1 million, a 57.9% year-over-year increase. Infrastructure Solutions implied orders declined, with a book-to-bill ratio of 89.5%, while Materials Solutions posted a stronger book-to-bill ratio of 142.2%.

What is Astec Industries' (ASTE) liquidity and cash flow position?

Astec reported total liquidity of $265.8 million, including $75.7 million of cash and $190.1 million of revolver availability. Year-to-date operating cash flow was $52.8 million, producing free cash flow of $37.3 million after $15.5 million of capital expenditures.

How do Astec Industries' (ASTE) non-GAAP results differ from GAAP?

Astec’s non-GAAP measures exclude transformation, restructuring, acquisition and amortization costs. For Q2 2026, adjusted net income was $21.8 million versus GAAP net income of $10.5 million, and adjusted EPS was $0.94 versus diluted EPS of $0.45.

false000079298700007929872026-08-052026-08-05

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): August 5, 2026

Astec Industries, Inc.

(Exact name of registrant as specified in its charter)

Tennessee			001-11595			62-0873631
(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 class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock			ASTE			The 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 August 5, 2026, Astec Industries, Inc. (the "Company") reported results of operations for the three and six months ended June 30, 2026. 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

99.1						News release dated August 5, 2026
104						Cover 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: August 5, 2026			By:			/s/ Brian J. Harris
						Brian J. Harris
						Chief Financial Officer

 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."

			GAAP																		Adjusted
(in millions, except per share and percentage data)			2Q 2026						2Q 2025						Change						2Q 2026						2Q 2025						Change
Net sales			$	408.1					$	330.3					23.6		%
Infrastructure Solutions			228.3						204.6						11.6		%
Material Solutions			179.8						125.7						43.0		%
Backlog			601.1						380.8						57.9		%
Infrastructure Solutions			288.6						256.1						12.7		%
Material Solutions			312.5						124.7						150.6		%
Income from operations			20.4						21.4						(4.7)		%				35.2						26.8						31.3		%
Operating margin			5.0		%				6.5		%				(150)		bps				8.6		%				8.1		%				50		bps
Effective tax rate			30.0		%				25.7		%				430		bps				26.8		%				25.4		%				140		bps
Net income attributable to controlling interest			10.5						16.7						(37.1)		%				21.8						20.8						4.8		%
Diluted EPS			0.45						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)		bps				10.4		%				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 second quarter 2026 financial results.

To access the call (Local) dial +1 (585) 542-9983 or (Toll-Free) +1 (833) 461-5787, meeting ID: 875163491 on Wednesday, August 5, 2026, at least 10 minutes prior to the scheduled time for the call.

International dial-ins can be accessed at: https://help.events.q4inc.com/eahc/international-dial-in-numbers

You may also access a live webcast of the call, and twelve month replay, at: https://events.q4inc.com/attendee/875163491

You will need to give your name and company affiliation and reference Astec.

A transcript of the conference call will be made available under the Investor Relations section of the Astec Industries, Inc. website at www.astecindustries.com within 5 business days after the call.

About Astec

Astec, (www.astecindustries.com), is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business segments: Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions; and Materials Solutions that include our aggregate processing equipment. Astec also operates a line of controls and automation products designed to deliver enhanced productivity through improved equipment performance.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995

This News Release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, income, earnings, cash flows, changes in operations, operating improvements, businesses in which we operate, the United States and global economies and guidance for fiscal 2026. Statements in this News Release that are not historical are hereby identified as "forward-looking statements" and may be indicated by words or phrases such as "anticipates," "supports," "plans," "projects," "expects," "believes," "should," "would," "could," "forecast," "management is of the opinion," use of the future tense and similar words or phrases. These forward-looking statements are based largely on management's expectations, which are subject to a number of known and unknown risks, uncertainties and other factors discussed and described in our most recent Annual Report on Form 10-K, including those risks described in Part I, Item 1A. Risk Factors thereof, and in other reports filed subsequently by us with the Securities and Exchange Commission, including those risks described in Part II, Item 1A in our most recent Quarterly Report on Form 10-Q, which may cause actual results, financial or otherwise, to be materially different from those anticipated, expressed or implied by the forward-looking statements. All forward-

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

 NEWS RELEASE

looking statements included in this document are based on information available to us on the date hereof, and we assume no obligation to update any such forward-looking statements to reflect future events or circumstances, except as required by law.

Non-GAAP Measures

In an effort to provide investors with additional information regarding the Company's results, the Company refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures which management believes provide useful information to investors. These non-GAAP measures have no standardized meaning prescribed by U.S. GAAP and therefore are unlikely to be comparable to the calculation of similar measures for other companies. Management of the Company does not intend these items to be considered in isolation or as a substitute for the related GAAP measures. Nonetheless, this non-GAAP information can be useful in understanding the Company's operating results and the performance of its core business. Management of the Company uses both GAAP and non-GAAP financial measures to establish internal budgets and targets to evaluate the Company's financial performance against such budgets and targets. A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is included in the tables.

When we provide guidance for adjusted EBITDA we do not provide a reconciliation of the U.S. GAAP measures as we are unable to predict with a reasonable degree of certainty the actual impact of the non-GAAP adjustment items. By their very nature, non-GAAP adjusted items are difficult to anticipate with precision because they are generally associated with unexpected and unplanned events that impact our Company and its financial results. Therefore, we are unable to provide a reconciliation of these measures without unreasonable efforts.

For Additional Information Contact:

Steve Anderson 

Senior Vice President of Administration and Investor Relations

Phone: (423) 899-5898 

E-mail: sanderson@astecindustries.com

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

 NEWS RELEASE

Astec Industries Inc.

Condensed Consolidated Statements of Operations

(In millions, except shares in thousands and per share amounts; unaudited)

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Net sales			$	408.1					$	330.3					$	804.4					$	659.7
Cost of sales			301.3						242.0						598.5						479.0
Gross profit			106.8						88.3						205.9						180.7
Operating expenses:
Selling, general and administrative expenses			85.5						67.0						175.7						138.9
Restructuring and other operating charges (gains), net			0.9						(0.1)						0.8						(0.1)
Total operating expenses			86.4						66.9						176.5						138.8
Income from operations			20.4						21.4						29.4						41.9
Other (expenses) income:
Interest expense			(7.1)						(2.1)						(14.5)						(4.1)
Other income, net			1.7						3.3						2.9						4.5
Income before income taxes			15.0						22.6						17.8						42.3
Income tax provision			4.5						5.8						6.0						11.2
Net income			10.5						16.8						11.8						31.1
Net income attributable to controlling interest			$	10.5					$	16.7					$	11.8					$	31.0
Earnings per common share
Basic			$	0.46					$	0.73					$	0.51					$	1.36
Diluted			0.45						0.72						0.51						1.35
Weighted average shares outstanding
Basic			23,014						22,877						22,977						22,855
Diluted			23,292						23,075						23,271						23,026

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

 NEWS RELEASE

Astec Industries Inc.

Reportable Segment Net Sales and Operating Adjusted EBITDA

(In millions, except percentage data; unaudited)

Reportable segment net sales exclude intersegment sales.

			Three Months Ended June 30,
			2026						2025						$ Change						% Change
Revenues from external customers
Infrastructure Solutions			$	228.3					$	204.6					$	23.7					11.6		%
Materials Solutions			179.8						125.7						54.1						43.0		%
Net sales			$	408.1					$	330.3					$	77.8					23.6		%
Segment Operating Adjusted EBITDA
Infrastructure Solutions			$	32.9					$	32.2					$	0.7					2.2		%
Materials Solutions			22.1						14.3						7.8						54.5		%
Segment Operating Adjusted EBITDA - Reportable Segments			55.0						46.5
Reconciliation of Segment Operating Adjusted EBITDA to "Income before income taxes"
Corporate and Other			(12.4)						(12.7)
Transformation program			(4.6)						(3.4)
Restructuring and other related charges			(1.2)						—
Acquisition and integration costs			(1.2)						(1.4)
Interest expense, net			(6.2)						(0.5)
Depreciation and amortization			(14.4)						(6.0)
Net income attributable to noncontrolling interest			—						0.1
Income before income taxes			$	15.0					$	22.6
Segment Operating Adjusted EBITDA Margin			2026						2025						Change
Infrastructure Solutions			14.4		%				15.7		%				(130)		bps
Materials Solutions			12.3		%				11.4		%				90		bps

(Continued)

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

 NEWS RELEASE

Astec Industries Inc.

Reportable Segment Net Sales and Operating Adjusted EBITDA (Continued)

(In millions, except percentage data; unaudited)

			Six Months Ended June 30,
			2026						2025						$ Change						% Change
Revenues from external customers
Infrastructure Solutions			$	465.3					$	440.6					$	24.7					5.6		%
Materials Solutions			339.1						219.1						120.0						54.8		%
Net sales			$	804.4					$	659.7					$	144.7					21.9		%
Segment Operating Adjusted EBITDA
Infrastructure Solutions			$	67.7					$	75.1					$	(7.4)					(9.9)		%
Materials Solutions			31.0						19.5						11.5						59.0		%
Segment Operating Adjusted EBITDA - Reportable Segments			98.7						94.6
Reconciliation of Segment Operating Adjusted EBITDA to "Income before income taxes"
Corporate and Other			(25.8)						(25.6)
Transformation program			(8.4)						(10.3)
Restructuring and other related charges			(1.2)						—
Acquisition and integration costs			(4.1)						(2.2)
Interest expense, net			(12.8)						(1.9)
Depreciation and amortization			(28.6)						(12.4)
Net income attributable to noncontrolling interest			—						0.1
Income before income taxes			$	17.8					$	42.3
Segment Operating Adjusted EBITDA Margin			2026						2025						Change
Infrastructure Solutions			14.5		%				17.0		%				(250)		bps
Materials Solutions			9.1		%				8.9		%				20		bps

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

 NEWS RELEASE

Astec Industries Inc.

Condensed Consolidated Balance Sheets

(In millions; unaudited)

			June 30, 2026						December 31, 2025
Assets
Current assets:
Cash, cash equivalents and restricted cash			$	76.8					$	72.0
Investments			1.8						2.1
Trade receivables, contract assets and other receivables, net			219.1						218.7
Inventories, net			460.3						466.0
Other current assets, net			58.4						57.8
Total current assets			816.4						816.6
Property, plant and equipment, net			239.9						222.3
Other long-term assets			359.2						328.3
Total assets			$	1,415.5					$	1,367.2
Liabilities
Current liabilities:
Accounts payable			$	107.6					$	93.5
Customer deposits			73.2						83.7
Other current liabilities			143.6						150.8
Total current liabilities			324.4						328.0
Long-term debt			365.4						319.6
Other long-term liabilities			36.6						38.0
Total equity			689.1						681.6
Total liabilities and equity			$	1,415.5					$	1,367.2

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

 NEWS RELEASE

Astec Industries Inc.

Condensed Consolidated Statements of Cash Flows

(In millions; unaudited)

			Six Months Ended June 30,
			2026						2025
Cash flows from operating activities:
Net income			$	11.8					$	31.1
Adjustments to reconcile net income to net cash provided by operating activities			43.5						27.8
Distributions to deferred compensation programs' participants			(0.2)						(0.6)
Change in operating assets and liabilities			(2.3)						(24.9)
Net cash provided by operating activities			52.8						33.4
Cash flows from investing activities:
Acquisitions, net of cash acquired			(68.2)						—
Expenditures for property and equipment			(15.5)						(7.8)
Proceeds from sale of property and equipment			0.5						0.2
Proceeds from insurance			0.1						—
Purchase of investments			(0.9)						(0.6)
Sale of investments			0.3						0.5
Net cash used in investing activities			(83.7)						(7.7)
Cash flows from financing activities:
Payment of dividends			(6.0)						(5.9)
Proceeds from borrowings on credit facilities and bank loans			135.9						102.3
Repayments of borrowings on credit facilities and bank loans			(91.1)						(125.0)
Sale of Company stock by deferred compensation programs, net			—						0.1
Withholding tax paid upon vesting of share-based compensation awards			(2.6)						(0.7)
Net cash provided by (used in) financing activities			36.2						(29.2)
Effect of exchange rates on cash			(0.5)						1.4
Increase (decrease) in cash, cash equivalents and restricted cash			4.8						(2.1)
Cash, cash equivalents and restricted cash, beginning of period			72.0						90.8
Cash, cash equivalents and restricted cash, end of period			$	76.8					$	88.7

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

 NEWS RELEASE

We present certain non-GAAP information that can be useful in understanding our operating results and the performance of our core business. We use both GAAP and non-GAAP financial measures to establish internal budgets and targets and to evaluate financial performance against such budgets and targets.

Beginning with the announcement of results for the third quarter of 2025, we have excluded amortization of acquired intangibles from the presentation of Adjusted income from operations, Adjusted net income attributable to controlling interest and Adjusted EPS. We have adopted this change to remove the effect of non-cash charges that are not affected by operations in any particular period unless an intangible asset becomes impaired, or the useful life of an intangible asset is revised.

Additionally, beginning with the announcement of results for the first quarter of 2026, we have included the gain or loss on sale of property and equipment in the presentation of Adjusted income from operations, Adjusted net income attributable to controlling interest, Adjusted EPS and Adjusted EBITDA.

Prior periods have been updated to reflect these changes.

We exclude the costs and related tax effects, which are based on the statutory tax rate applicable to each respective item unless otherwise noted below, of the following items as we do not believe they are indicative of our core business operations:

•Transformation program - Incremental costs related to the execution of our ongoing strategic transformation initiatives which may include personnel costs, third-party consultant costs, duplicative systems usage fees, administrative costs, accelerated depreciation and amortization on certain long-lived assets and other similar type charges. Transformation program initiatives include our multi-year phased implementation of a standardized enterprise resource planning system. These costs are included in "Cost of sales" and "Selling, general and administrative expenses", as appropriate, in the Consolidated Statements of Operations.

•Restructuring and other related charges - Charges related to restructuring activities, to the extent that they are experienced, may include personnel termination actions and reorganization efforts to simplify and consolidate our operations. These costs are recorded in "Restructuring and other operating charges (gains), net" in the Consolidated Statements of Operations.

•Goodwill impairment - Goodwill impairment charges, to the extent that they are experienced, are recorded in "Goodwill impairment" in the Consolidated Statements of Operations.

•Asset impairment - Asset impairment charges, to the extent that they are experienced, are recorded in "Restructuring and other operating charges (gains), net" in the Consolidated Statements of Operations.

•Amortization of acquired intangible assets - Non-cash charges related to the amortization of acquired intangible assets. These costs are typically included in "Selling, general and administrative expenses" in the Consolidated Statements of Operations.

•Acquisition and integration costs - Costs associated with the pursuit of acquisition opportunities or the effected acquisition and integration of acquired businesses. These costs are typically included in "Cost of sales" and "Selling, general and administrative expenses" in the Consolidated Statements of Operations.

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

 NEWS RELEASE

Astec Industries Inc.

GAAP vs Non-GAAP Adjusted Income from Operations Reconciliations

(In millions, except percentage data; unaudited)

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Net sales			$	408.1					$	330.3					$	804.4					$	659.7
Income from operations			$	20.4					$	21.4					$	29.4					$	41.9
Adjustments:
Transformation program			4.6						3.4						8.4						10.4
Restructuring and other related charges			1.2						—						1.2						—
Amortization of acquired intangible assets			7.8						0.6						15.7						1.3
Acquisition and integration costs			1.2						1.4						4.1						2.2
Adjusted income from operations			$	35.2					$	26.8					$	58.8					$	55.8
Adjusted operating margin			8.6		%				8.1		%				7.3		%				8.5		%

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

 NEWS RELEASE

Astec Industries Inc.

GAAP vs Non-GAAP Adjusted EPS Reconciliations

(In millions, except per share amounts; unaudited)

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Net income attributable to controlling interest			$	10.5					$	16.7					$	11.8					$	31.0
Adjustments:
Transformation program			4.6						3.4						8.4						10.4
Restructuring and other related charges			1.2						—						1.2						—
Amortization of acquired intangible assets			7.8						0.6						15.7						1.3
Acquisition and integration costs			1.2						1.4						4.1						2.2
Income tax impact of adjustments			(3.5)						(1.3)						(6.9)						(3.2)
Adjusted net income attributable to controlling interest			$	21.8					$	20.8					$	34.3					$	41.7
Diluted EPS			$	0.45					$	0.72					$	0.51					$	1.35
Adjustments:
Transformation program (a)			0.21						0.15						0.36						0.44
Restructuring and other related charges			0.05						—						0.05						—
Amortization of acquired intangible assets			0.33						0.03						0.67						0.06
Acquisition and integration costs			0.05						0.06						0.18						0.10
Income tax impact of adjustments			(0.15)						(0.06)						(0.30)						(0.14)
Adjusted EPS			$	0.94					$	0.90					$	1.47					$	1.81
(a) Calculation includes the impact of a rounding adjustment

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

 NEWS RELEASE

Astec Industries Inc.

EBITDA and Adjusted EBITDA Reconciliations

(In millions, except percentage data; unaudited)

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Net sales			$	408.1					$	330.3					$	804.4					$	659.7
Net income attributable to controlling interest			$	10.5					$	16.7					$	11.8					$	31.0
Interest expense, net			6.2						0.5						12.8						1.9
Depreciation and amortization			14.4						6.0						28.6						12.4
Income tax provision			4.5						5.8						6.0						11.2
EBITDA			35.6						29.0						59.2						56.5
EBITDA margin			8.7		%				8.8		%				7.4		%				8.6		%
Adjustments:
Transformation program			4.6						3.4						8.4						10.3
Restructuring and other related charges			1.2						—						1.2						—
Acquisition and integration costs			1.2						1.4						4.1						2.2
Adjusted EBITDA			$	42.6					$	33.8					$	72.9					$	69.0
Adjusted EBITDA margin			10.4		%				10.2		%				9.1		%				10.5		%

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

 NEWS RELEASE

Astec Industries Inc.

Free Cash Flow Reconciliation

(In millions; unaudited)

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Net cash provided by operating activities			$	12.1					$	12.9					$	52.8					$	33.4
Expenditures for property and equipment			(7.4)						(3.9)						(15.5)						(7.8)
Free cash flow			$	4.7					$	9.0					$	37.3					$	25.6

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

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