Overview

• U.S. road-building equipment maker's Q1 sales slightly beat analyst expectations

• Adjusted EPS for Q1 missed analyst expectations

• Profitability impacted by trade show costs, timing and mix in legacy sales, and higher freight/tariffs

Outlook

• Astec maintains 2026 full-year adjusted EBITDA guidance in $170 mln to $190 mln range

• Company cites favorable order activity and strong end markets for 2026 outlook

Result Drivers

• MATERIALS SOLUTIONS GROWTH - Net sales in Materials Solutions rose 70.6% due to organic growth and acquisitions

• INFRASTRUCTURE SOLUTIONS FLAT - Infrastructure Solutions sales were relatively flat as acquired business offset timing and mix-related shortfalls in legacy operations

• HIGHER COSTS - Profitability was hurt by ConExpo trade show expenses and increased freight, duty, and tariffs

Company press release: ID:nGNX8CJXS0

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Sales	Slight Beat*	$396.30 mln	$393.24 mln (3 Analysts)
Q1 Adjusted EPS	Miss	$0.54	$0.84 (3 Analysts)
Q1 EPS		$0.06
Q1 Adjusted EBITDA		$30.30 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

• Wall Street's median 12-month price target for Astec Industries Inc is $69.50, about 10.8% above its May 5 closing price of $62.70

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

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