Welcome to our dedicated page for Astec Inds news (Ticker: ASTE), a resource for investors and traders seeking the latest updates and insights on Astec Inds stock.
Astec Industries Inc (ASTE) provides essential heavy equipment for road construction and asphalt production, serving infrastructure developers globally. This news hub offers investors and industry professionals a centralized source for tracking official announcements and strategic developments.
Key updates include earnings reports, product innovations, regulatory filings, and partnership announcements. Users gain access to verified press releases covering equipment advancements, sustainability initiatives, and market expansion efforts within the construction machinery sector.
Bookmark this page for real-time updates on ASTE's infrastructure solutions, materials processing technologies, and operational milestones. Regularly refreshed content ensures informed decision-making for stakeholders monitoring the heavy equipment industry.
Astec Industries (ASTE) has agreed to acquire TerraSource Holdings from Right Lane Industries for $245 million. TerraSource, based in Saint Louis, is a leading provider of material handling equipment and aftermarket parts for crushing and separating applications globally. Right Lane, which acquired a 51% stake in TerraSource from Hillenbrand in October 2021, has successfully enhanced the company's scale, profitability, and competitiveness through operational improvements and strategic acquisitions.
The transaction is expected to close by July 1, 2025, subject to regulatory approvals and customary closing conditions. Key Banc Capital Markets served as TerraSource's advisor, with Taft providing legal counsel.
Astec Industries reported strong Q1 2025 financial results with net sales of $329.4 million and net income of $14.3 million. The company announced plans to acquire TerraSource for $245.0 million, expanding its materials processing equipment portfolio.
Key financial highlights:
- EBITDA: $27.5 million
- Adjusted EBITDA: $35.2 million
- Diluted EPS: $0.62
- Operating cash flow: $20.5 million
The Infrastructure Solutions segment saw a 16.7% increase in sales to $236.0 million, while Materials Solutions experienced a 12.7% decrease to $93.4 million. The TerraSource acquisition is expected to close in Q3 2025, bringing $150 million in annual revenues and significant aftermarket opportunities. The deal's EBITDA multiple is 5.9x with expected tax benefits of $15 million and annual synergies of $10 million by year two.
Astec (NASDAQ: ASTE) has announced a quarterly dividend payment of $0.13 per share, scheduled for May 30, 2025. Shareholders must be on record by May 13, 2025, to receive this dividend.
The company specializes in manufacturing equipment across two main business segments:
- Infrastructure Solutions: Focuses on road building equipment, asphalt and concrete plants, and thermal and storage solutions
- Materials Solutions: Specializes in aggregate processing equipment
Astec maintains a strong digital presence across major social media platforms including LinkedIn, Facebook, Instagram, YouTube, and Twitter, where stakeholders can follow company updates and developments.
Astec Industries (NASDAQ:ASTE) has scheduled its first quarter 2025 financial results conference call for Tuesday, April 29, 2025, at 8:30 a.m. Eastern Time. The company will release its Q1 results via wire service at approximately 7:00 a.m. ET on the same day.
The conference call will be hosted by President and CEO Jaco van der Merwe, CFO Brian Harris, and SVP of Administration and IR Steve Anderson. Participants can join by dialing (888) 440-4118 domestically or +1 (646) 960-0833 internationally. A live webcast will also be available, and an archived version will be accessible for 90 days on the company's website.
A replay will be available through May 13, 2025, and a transcript will be posted under the Investor Relations section within 5 business days after the call.
Astec Industries (Nasdaq: ASTE) has announced its participation in the upcoming Sidoti Small Cap Virtual Conference scheduled for Wednesday, March 19, 2025. The company's leadership team, including President and CEO Jaco van der Merwe, CFO Brian Harris, and SVP of Investor Relations Stephen C. Anderson, will deliver a presentation and engage in one-on-one meetings during the virtual event.
The ASTEC presentation is scheduled for 1:45 P.M. to 2:15 P.M. Eastern time. Interested participants can access the presentation through a dedicated Zoom registration link provided by the company.
Astec Industries (NASDAQ: ASTE) reported record fourth quarter 2024 results with net sales of $359.0 million and net income of $21.1 million. The company achieved adjusted net income of $27.2 million and record adjusted EPS of $1.19.
The Infrastructure Solutions segment saw net sales increase 11.9% to $248.8 million with strong demand for asphalt and concrete plants. However, the Materials Solutions segment experienced a 4.1% decrease in net sales to $110.2 million due to finance capacity constraints.
The company generated operating cash flow of $36.6 million and free cash flow of $32.1 million. Total liquidity stood at $228.1 million. For 2025, Astec expects adjusted EBITDA between $105-125 million, indicating continued growth momentum.
Astec Industries (NASDAQ: ASTE) has announced a quarterly dividend payment of $0.13 per share, as declared by its Board of Directors. The dividend will be paid on March 31, 2025, to shareholders of record as of March 10, 2025.
Astec specializes in manufacturing equipment for asphalt road building, aggregate processing, and concrete production. The company operates through two main business segments: Infrastructure Solutions, which focuses on road building, asphalt and concrete plants, and thermal and storage solutions; and Materials Solutions, which handles aggregate processing equipment.
Astec Industries (NASDAQ: ASTE) has scheduled its fourth quarter and full year 2024 financial results conference call for February 26, 2025, at 8:30 a.m. Eastern Time. The company will release its results earlier that day at approximately 7:00 a.m. Eastern Time.
The conference call will be hosted by President and CEO Jaco van der Merwe, CFO Brian Harris, and SVP of Administration and Investor Relations Stephen C. Anderson. Participants can join by dialing (888) 440-4118 domestically or (646) 960-0833 internationally, at least 10 minutes before the scheduled time.
A live webcast will be available through a provided link, and an archived version will remain accessible for 90 days on the company's website. A replay will be available until March 12, 2025, via phone, and a transcript will be posted under the Investor Relations section within 5 business days after the call.
Astec Industries (Nasdaq: ASTE) has announced its participation in the upcoming Baird Global Industrial Conference scheduled for November 14, 2024. The company will be represented by three key executives: President and CEO Jaco van der Merwe, CFO Brian Harris, and Senior VP of Investor Relations Steve Anderson.
Astec Industries (ASTE) reported mixed Q3 2024 results with net sales of $291.4 million, down 3.9% year-over-year. The company posted a net loss of $6.2 million, including an $8.4 million charge for legacy litigation settlement. Infrastructure Solutions showed strength with increased sales and margins, while Materials Solutions faced challenging market conditions. Adjusted EBITDA improved to $17.4 million, up $7.4 million from previous year. The company's backlog stood at $475.8 million, down 22.6%. Free cash flow was $19.9 million, with total liquidity of $195.1 million.
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