Astec reports Q3 adjusted EPS 47c vs 36c last year

Reports Q3 revenue $350.1M vs $291.4M last year. “We were pleased to post another strong quarter evidencing our focus on delivering consistent profitability and growth,” said Jaco van der Merwe, Chief Executive Officer. “Our operational advancements are gaining momentum, with manufacturing and procurement activities producing greater efficiencies and higher net sales. On July 1, 2025, we completed the acquisition of TerraSource Holdings, LLC (“TerraSource”), and results now reflect contributions from TerraSource. I am pleased with the collaboration between the Astec (ASTE) and TerraSource teams and our organization as a whole. Based on our performance to date, we are updating the lower end of our full year adjusted EBITDA guidance range from $123 million to $132 million while keeping the top end of the range unchanged at $142 million.”