Astec reiterates FY25 adjusted EBITDA view $105M-$125M

Brian Harris, CFO, commented, “The pending acquisition of TerraSource is consistent with our disciplined growth strategy. It will add scale, improve our aftermarket parts mix, expand our margins and quality of earnings and is expected to be accretive from day one. Excluding the pending acquisition, we reiterate our adjusted EBITDA full year guidance range of $105 million to $125 million.”