Astec reports Q2 adjusted EPS 88c vs 61c last year

Reports Q2 revenue $330.3M vs $345.5M last year. “Astec (ASTE) reported another strong quarter building on its strategic initiatives to deliver consistency, profitability and growth,” said Jaco van der Merwe, Chief Executive Officer. “Operational efforts continue to gain traction, manufacturing and procurement efforts are driving enhanced efficiencies and increases were achieved in net income, EBITDA and earnings per share. On July 1, 2025, we completed the acquisition of TerraSource, an adjacent manufacturer of materials processing equipment and related aftermarket parts. TerraSource has annual revenues in excess of $150 million, with over 60% of revenues from aftermarket parts and services. We are excited to welcome TerraSource employees to the Astec team.”