Astec Industries Delivers Solid Q1 and Reaffirms 2026 EBITDA Outlook as Backlog Jumps

Management ties expected margin improvement this year to steady infrastructure projects and rising data‑center work.

Overview

Astec, which reported first‑quarter results on Wednesday, kept its full‑year adjusted EBITDA target at $170 million to $190 million.
The quarter produced adjusted EBITDA of $30.3 million for a 7.6% margin, with trailing‑12‑month sales at about $1.47 billion and TTM adjusted EBITDA at $136 million.
Backlogs expanded sharply, with Infrastructure Solutions up $37 million including $17 million from newly acquired CWMF and Materials Solutions up $110 million, helped by demand for asphalt and concrete plants.
Executives said tariffs, higher freight costs and an unfavorable sales mix weighed on Q1 profit, and they expect margins to improve in Q2 with stronger normalization in the second half.
Free cash flow reached $32.6 million in Q1, supporting organic investment and recent deals, and the CFO projects year‑end net leverage near 1.7 times at the guidance midpoint.