Astec Industries, Inc. · NASDAQ:ASTE
Astec Industries — Q3 2025 Earnings Presentation
24 slides from Astec Industries's earnings presentation, Nov 5, 2025
Slide 1: Third Quarter 2025 Earnings
Third Quarter 2025 Earnings November 5, 2025 B U I LT TO C O N N E C T
Slide 2: Safe Harbor
Safe Harbor Certain statements contained in this presentation contain 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 o
Slide 3: Third Quarter Financial Results
Third Quarter Financial Results JACO VAN DER MERWE CEO AND PRESIDENT 3
Slide 4: Third Quarter Overview – Positive Momentum Continues
Third Quarter Overview – Positive Momentum Continues $350.1 • Q3 net sales $350.1M, adjusted EBITDA $27.1M, adjusted EBITDA margin of MILLION NET SALES 7.7%, and adjusted EPS of $0.47. • Backlog level of $449.5 million. • Infrastructure Solutions — A stable market for asphalt and concrete plants was
Slide 5: Third Quarter Highlights and FY Outlook
Third Quarter Highlights and FY Outlook $350.1M 7.7% 12.3% $0.47 Sales Adjusted Adjusted Adjusted EBITDA Margin1 ROIC1 EPS1 Raising 2025 FY Adjusted EBITDA Outlook to a range of $132 million (up from $123 million) to $142 million 1 See appendix for the reconciliation of GAAP to Non-GAAP measures. 5
Slide 6: State of Operating Environment
State of Operating Environment OPPORTUNITIES CHALLENGES Federal Highway Funding Tariff Activity Customer Sentiment Interest Rates Inorganic Opportunities Forestry Market One Big Beautiful Bill Act Mobile Paving Market Rare Earth Minerals Mining OPERATING ENVIROMENT MOSTLY POSITIVE 6
Slide 7: Infrastructure Investment Jobs Act Update
Infrastructure Investment Jobs Act Update AMERICA’S RECENT FEDERAL AND ASTEC PRODUCTS INFRASTRUCTURE STATE FUNDING • Rock to Road solutions FOUNDATIONAL TO: • Having a positive impact • Infrastructure needs and • National economy • Sustained investment is key funding provide stable • Global • $347.5
Slide 8: Tariffs: Proactive Mitigation Strategy
Tariffs: Proactive Mitigation Strategy • Effective OneAstec procurement team negotiations with suppliers and process management • Pro-active sales pricing strategy • Steel Market: Lead times relatively unchanged since tariffs were announced. Take advantage of lower index pricing for Q4 • Dual/Re-sou
Slide 9: TerraSource 2H2025 Integration and Synergy Focus
TerraSource 2H2025 Integration and Synergy Focus Benefits and employee Sales channel alignment and onboarding - Completed cross selling – Progressing as planned Synergy pipeline development New Product Development roadmaps and execution – Progressing as and funding – Target projects identified plann
Slide 10: Historical Backlog
Historical Backlog CONSOLIDATED INFRASTRUCTURE SOLUTIONS MATERIALS SOLUTIONS Backlog ($M) Backlog ($M) Backlog ($M) $476 $450 $420 $403 $381 $351 $306 $276 $260 $256 $190 $125 $114 $126 $125 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 Terra Source backlog $64M; Organic
Slide 11: 3Q25 Implied Orders (Organic)
3Q 25 Implied Orders (Organic)1 CONSOLIDATED INFRASTRUCTURE SOLUTIONS MATERIALS SOLUTIONS Implied Orders ($M) +1.9% Q/Q Implied Orders ($M) +7.7% Q/Q Implied Orders ($M) -6.4% Q/Q 120% 350 120% 250 120% 140 $312 $308 $314 $125 $303 100% 300 $203 $147 $197 $117 120 100% 100% 102% $183 200 $106 $236 9
Slide 12: Third Quarter Financial Results
Third Quarter Financial Results BRIAN HARRIS CHIEF FINANCIAL OFFICER 12
Slide 13: 3Q25 Financial Results
3Q25 Financial Results ($M, except per share and percentage data) NET SALES ADJ. EBITDA 1 ADJ. EBITDA MARGIN1 ADJ. EPS1 +48.7% +6.7% +49.1% +300 bps $3.51 $143.9 $1,368.8 10.5% $1,283.3 +170 bps 7.7% 7.5% $96.5 $2.36 6.0% +20.1% $350.1 +55.7% $291.4 +30.6% $27.1 $17.4 $0.47 $0.36 3Q 2024 3Q 2025 TTM
Slide 14: Infrastructure Solutions
Infrastructure Solutions 3Q25 Financial Performance ($M, except percentage data) NET SALES SEGMENT OPERATING ADJ. EBITDA SEGMENT OPERATING ADJ. EBITDA MARGIN +8.8% +47.2% $152.1 +450 bps $882.6 $810.9 17.2% +290 bps $103.3 12.4% 12.7% 9.5% +17.1% +53.2% $193.3 $165.0 $23.9 $15.6 3Q 2024 3Q 2025 TTM
Slide 15: Materials Solutions
Materials Solutions 3Q25 Financial Performance ($M, except percentage data) NET SALES SEGMENT OPERATING ADJ. EBITDA SEGMENT OPERATING ADJ. EBITDA MARGIN +9.7% $42.0 +2.9% $38.3 472.4 486.2 11.5% -170 bps 9.8% +50 bps 8.6% 8.1% +6.2% +24.1% $14.5 $15.4 156.9 126.4 3Q 2024 3Q 2025 TTM 2024 TTM 2025 3Q
Slide 16: Maintain Strong, Flexible Balance Sheet with Ample Liquidity
Maintain Strong, Flexible Balance Sheet with Ample Liquidity TOTAL LIQUIDITY ($M) LIQUIDITY ($M) 9/30/25 $312 Cash and Cash Equivalents $67.3 $239 $248 $228 Available Credit $244.8 $195 Total Available Liquidity $312.1 COMMENTARY • Operating activities were a $8.1M use of cash for Q3 2025 • Availabl
Slide 17: 2025 Corporate Sustainability Report
2025 Corporate Sustainability Report Expanded sections on Supply Chain, Product Innovation, and ESG Data Governance Cadence update: Full report will be published every two years, fact sheet in between Focused on energy and cost reduction
Slide 18: Astec Investment Highlights
Astec Investment Highlights Trusted source — High-quality solutions and strong global brand recognition Favorable Customer Sentiment — High level of engagement confirms customers remain cautiously optimistic. Operational Excellence — Manufacturing investments and procurement efforts driving efficien
Slide 19: Questions & Answers
Questions & Answers STEVE ANDERSON SVP OF ADMINISTRATION & INVESTOR RELATIONS Phone: 423-553-5934 Email: sanderson@astecindustries.com 19
Slide 20: Appendix
JA astec Appendix BUILT TO CONNECT
Slide 21: GAAP vs Non-GAAP Adjusted EPS Reconciliations
GAAP vs Non-GAAP Adjusted EPS Reconciliations (in millions, except per share amounts; unaudited) 21
Slide 22: EBITDA and Adjusted EBITDA Reconciliations
EBITDA and Adjusted EBITDA Reconciliations (in millions, except percentage data; unaudited) 22
Slide 23: Free Cash Flow Reconciliations
Free Cash Flow Reconciliations (in millions, except percentage data; unaudited) 23
Slide 24: Return on Invested Capital Reconciliations
Return on Invested Capital Reconciliations (in millions, except percentage data; unaudited) 24