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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Astec Industries
Astec Industries (ASTE) investor relations material
Astec Industries Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Q3 net sales rose 0.7% YoY to $352.4M; Adjusted EBITDA fell 30.3% to $18.9M, with a 5.4% margin vs. 7.7%.
GAAP net loss attributable to controlling interest was $12.2M; adjusted net loss was $0.3M.
Backlog increased 49.2% YoY to $670.5M, with growth in both segments.
FY26 Adjusted EBITDA guidance was reduced to $140M-$150M from $160M-$175M.
Inflation, unfavorable mix and delayed asphalt plant shipments pressured Q3 margins and results.
Financial highlights
Q3 operating loss was $3.3M versus operating income of $1.1M; adjusted operating income was $12.1M versus $20.6M.
Adjusted diluted EPS was -$0.01 versus $0.47; GAAP diluted loss per share was $0.53 versus $0.18.
Q3 gross profit was $82.3M, down 2.3% YoY; gross margin was 23.4%, down from 24.1%.
Nine-month net sales rose 14.6% to $1,156.8M; Adjusted EBITDA was $91.8M versus $96.1M.
Q3 operating cash flow was $17.4M and free cash flow was $10.7M, versus free cash use of $12.3M a year earlier.
Outlook and guidance
FY26 Adjusted EBITDA guidance is $140M-$150M; Q4 guidance is $48M-$58M versus $44.8M in Q4 2025.
Select asphalt plant orders shifted to Q4 2026 and Q1 2027 deliveries; management expects a record Q4 asphalt shipment quarter.
Management expects price-cost parity by the end of Q1 2027.
FY26 tax rate guidance is 26%-30%, D&A $55M-$65M, capex $30M-$40M; Q4 SG&A is $70M-$75M and interest expense is $7M.
Infrastructure Solutions is expected to enter 2027 with backlog $100M above its entry level for 2026.
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Latest events from Astec Industries
- Revenue edged higher, but margin pressure offset growth as cash funded a special dividend.ASTE
Q4 2012 - Profit rebounded, but underlying sales, margins and backlog weakened amid restructuring.ASTEQ4 2019
- Sales declined, but earnings and backlog strengthened as the transformation advanced.ASTEQ4 2020
- Continuing income and backlog advanced as domestic growth offset weaker international sales.ASTEQ4 2013
- Sales grew, but margin pressure and debt constraints drove a $4.7M loss.ASTEQ4 2002
- Sales fell, losses deepened and backlog grew as financing pressure persisted.ASTEQ4 2003
- Revenue grew 22.1%, debt was retired and backlog climbed 36.5%.ASTEQ4 2005
- Recession drove a steep 2001 profit decline as covenant and liquidity risks persisted.ASTEQ4 2001
- Sales rebounded 25.5%, but steel costs and highway-funding uncertainty tempered recovery.ASTEQ4 2004
Next Astec Industries earnings date
Q4 202624 Feb, 2027
Astec Industries
Next Astec Industries earnings date
Q4 202624 Feb, 2027
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Frequently asked questions
Astec Industries, Inc. is a manufacturer of equipment and infrastructure solutions for the construction, mining, and energy sectors. The company's product portfolio includes asphalt and concrete plants, road-building equipment, aggregate crushers, and mining machinery. Astec also provides equipment for material handling, energy generation, and environmental remediation applications. Its products are used in infrastructure projects such as highways, bridges, and commercial buildings. The company is headquartered in Chattanooga, Tennessee, and its shares are listed on the NASDAQ.