Astec Industries reported record second-quarter revenue and adjusted EBITDA, with net sales up 23.6% to $408.1 million and adjusted EBITDA up 26% to $42.6 million. The company revised its full-year 2026 adjusted EBITDA guidance downward to a range of $160 million to $175 million from the prior $170 million to $190 million, citing delayed asphalt plant deliveries due to higher oil prices and uncertainty over the Federal Highway Bill renewal. Backlog surged 57.9% to $601.1 million, driven primarily by a 150.6% increase in the Material Solutions segment, while parts and service revenue grew 34.8% to $135.5 million. CEO Jaco van der Merwe highlighted strong order momentum in June and July, and expressed confidence in the proposed BUILD America 250 Act's 7% increase in highway funding.
Astec Industries IncRecord Q2 revenue and adjusted EBITDA, though guidance lowered due to delays and uncertainties.
