Astec Industries, Inc. · NASDAQ:ASTE
Astec Industries — Q3 2026 Earnings Presentation
19 slides from Astec Industries's earnings presentation, Nov 5, 2026
Slide 1: Astec Industries Third Quarter Earnings
Astec Industries Third Quarter Earnings November 5, 2026
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 Highlights
Third Quarter Highlights Jaco van der Merwe CEO and President 3
Slide 4: Highlights
Highlights Q3 Net sales of $352.4M increased 0.7% Adjusted EBITDA of $18.9M decreased 30.3% , adjusted Third Quarter TTM2 EBITDA margin of 5.4% primarily due to a pause in asphalt plant orders earlier in the year and inflation in materials, labor and overhead impacted margins. $352.4M $1,557.4M Posi
Slide 5: Current State of the Market
Current State of the Market Key Factors Impact Inflation Health of U.S. Economy Diesel Fuel Prices Per Gallon (S&P 500 +15% yoy, DJIA + 11% yoy) Inflation: See Charts 2025 2026 Federal Highway Bill renewal 2026 Monthly Liquid Asphalt Cement Prices Public Work Private Work Jan March June Sept Residen
Slide 6: Federal Highway Bill Renewal and State D.O.T. Funding
Federal Highway Bill Renewal and State D.O.T. Funding State DOT New Budget Authority $250 $224.5 $221.3 $217.6 $212.0 $200 $194.1 $173.2 $158.4 $162.5 $146.3 • Expired September 30, 2026 $150 $134.1 $142.8 $13 2.7 $12 7.0 $13 7.2 $13 5.1 $11 7.1 • Continuing Resolution extended the Billions of Dolla
Slide 7: 3Q 26 Implied Orders
3Q 26 Implied Orders CONSOLIDATED INFRASTRUCTURE SOLUTIONS MATERIALS SOLUTIONS Implied Orders ($M) -8.3% Q/Q Implied Orders ($M) +38.2% Q/Q Implied Orders ($M) -45.3% Q/Q 122% $465 470 160% $282 300 160% 300 $460 $258 120% 460 $255 149% $256 140% 140% 118% 250 250 450 $222 120% $204 120% $207 142% 1
Slide 8: Historical Backlog
Historical Backlog CONSOLIDATED INFRASTRUCTURE SOLUTIONS MATERIALS SOLUTIONS Backlog ($M) Backlog ($M) Backlog ($M) $671 $601 $549 $514 $450 $312 $289 $382 $236 $294 $313 $220 $289 $190 $260 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4Q25 1Q26 2Q26 3Q26 Backlog prior to Q1 26 exclude imp
Slide 9: Third Quarter Financial Results
Third Quarter Financial Results Brian Harris Chief Financial Officer 9
Slide 10: 3Q26 Financial Results
3Q26 Financial Results ($M, except per share and percentage data) NET SALES ADJ. EBITDA 1 ADJ. EBITDA MARGIN1 ADJ. EPS1 +13.8% (-5.1%) (-27.7%) $1,557.4 $144.0 $136.6 $3.50 $1,368.8 (-170 bps) $2.53 (-230 bps) 10.5% 8.8% 7.7% (-30.3%) (-102.1%) +0.7% 5.4% $350.1 $352.4 $27.1 $0.47 $18.9 -$0.01 3Q 20
Slide 11: Infrastructure Solutions
Infrastructure Solutions 3Q26 Financial Performance ($M, except percentage data) NET SALES SEGMENT OPERATING ADJ. EBITDA SEGMENT OPERATING ADJ. EBITDA MARGIN (-0.5%) $152.1 (-22.1%) $882.6 $877.9 (-370 bps) (-430 bps) 17.2% $118.5 13.5% 12.4% 8.1% (-2.2%) (-36.0%) $193.2 $189.0 $23.9 $15.3 3Q 2025 3
Slide 12: Materials Solutions
Materials Solutions 3Q26 Financial Performance ($M, except percentage data) NET SALES SEGMENT OPERATING ADJ. EBITDA SEGMENT OPERATING ADJ. EBITDA MARGIN +55.6% +39.8% $65.5 (-130 bps) +90 bps $679.5 9.8% 9.6% 8.5% 8.7% $486.2 $42.1 0 bps (-9.7%) +4.1% $156.9 $163.4 $15.4 $13.9 3Q 2025 3Q 2026 TTM 20
Slide 13: Maintain Strong, Flexible Balance Sheet with Ample Liquidity
Maintain Strong, Flexible Balance Sheet with Ample Liquidity TOTAL LIQUIDITY ($M) LIQUIDITY $315 ($M) 9/30/26 $312 Cash and Cash Equivalents $63.2 Available Credit $204.0 Total Available Liquidity $267.2 $268 $267 COMMENTARY $266 • Operating activities were a $17.4M source of cash for Q3 2026 • $250
Slide 14: Investment Highlights
Strong Backlog – Year-over-year increase of $221.0 million, or 49.2% driven by increases in both the Infrastructure Solutions and Materials Solutions segments Trusted source — High-quality solutions and strong global brand recognition Path to 2030 Growth Drivers — • New Products: Excitement and mome
Slide 15: Questions and Answers
QUESTIONS AND ANSWERS Steve Anderson SVP of Administration & Investor Relations Phone: 423-553-5934 Email: sanderson@astecindustries.com 15
Slide 16: Appendix
Appendix 16
Slide 17: GAAP vs Non-GAAP Adjusted EPS Reconciliations
GAAP vs Non-GAAP Adjusted EPS Reconciliations (in millions, except per share amounts; unaudited) 17
Slide 18: EBITDA and Adjusted EBITDA Reconciliations
EBITDA and Adjusted EBITDA Reconciliations (in millions, except percentage data; unaudited) 18
Slide 19: Free Cash Flow Reconciliations
Free Cash Flow Reconciliations (in millions, except percentage data; unaudited) 19