ASTE earnings analysis
What we found in ASTE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Astec Industries reported Q1 2026 results with net sales of $396.3 million, a 20.3% year-over-year increase, and gross profit of $99.1 million, increasing 7.3% from the previous year. However, the company faced a significant drop in EPS, reporting $0.06 per share, down 90.3% from Q1 2025, primarily due to higher operating costs and reduced operating income.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Net Sales Up 20.3% YoY
- Q1 2026 net sales increased to $396.3 million, up from $329.4 million in Q1 2025.
- Gross Profit Increases
- Gross profit for Q1 2026 was $99.1 million, a 7.3% rise compared to $92.4 million in the same period last year.
- Significant Backlog Growth
- Total backlog at the end of Q1 2026 was $549.2 million, representing a 36.4% increase from $402.6 million in Q1 2025.
- Materials Solutions Segment Growth
- The Materials Solutions segment grew significantly, with sales up 70.6% to $159.3 million from $93.4 million YoY.
- Improved Operating Cash Flow
- Net cash provided by operating activities was $40.7 million, up from $20.5 million in Q1 2025.
- Increased Revenues Despite EPS Decline
- Despite strong revenue figures, diluted EPS fell to $0.06, down 90.3% from $0.62 in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Substantial EPS Decline
- Q1 EPS decreased by 90.3%, down from $0.62 in Q1 2025 to $0.06 in Q1 2026.
- Decreased Operating Profitability
- Income from operations dropped 56.1% to $9.0 million from $20.5 million in the previous year.
- Rising Cost Pressures
- Increased SG&A expenses rose 25.5%, driven by higher personnel-related costs by $7.8 million.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.06
- Gross margin
- 25.0%
- Operating margin
- 2.3%
- Segment
- Infrastructure Solutions
- Segment
- Materials Solutions
What they said about what is next.
Management maintains full year 2026 adjusted EBITDA guidance in the $170 million to $190 million range.
The filing reads worse than the one before it.
What came before.
- 10-K · February 25, 2026
- Astec Industries completed strategic M&A (TerraSource closed July 1, 2025; CWMF closed January 1, 2026) while revenue and profitability improved in FY2025. Full-year revenue rose to $1,410.0 million (from $1,305.0…
- 10-Q · May 2, 2024
- Astec reported Q1 net sales of $309.2 million, down $38.7 million (‑11.1%) from $347.9 million in Q1 2023. Gross profit fell to $76.9 million (24.9% of sales) and operating income declined to $6.3 million (2.0% margin);…
- 10-Q · November 2, 2023
- Astec reported Q3 net sales of $303.1M (vs. $315.2M a year earlier) and a Q3 diluted loss per share of $0.29 (vs. EPS $0.03 a year earlier). Gross profit improved to $69.6M (gross margin ~22.96%) but operating loss…
- 10-Q · August 3, 2022
- Astec Industries reported a significant revenue increase in Q2 2022, achieving $318.2 million, up from $277.6 million in Q2 2021, reflecting a year-over-year growth of approximately 14.0%. However, the company posted a…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing ASTE makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever