Astec Industries (ASTE) Q2 2026 Earnings Call Transcript

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DATE

Wednesday, Aug. 5, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Senior Vice President of Administration and Investor Relations - Stephen C. Anderson

• Chief Executive Officer - Jaco van der Merwe

• Chief Financial Officer - Brian Harris

Full Conference Call Transcript

Operator: Hello, and invited to the Astec Industries Second Quarter 2026 Earnings Call. As a reminder, this league telephone is being recorded. It is my pleasance to present your host, Steve Anderson, Senior Vice President of Administration and Investor Relations. Mr. Anderson, you whitethorn begin.

Stephen C. Anderson: Thank you, and bully morning, everyone. Joining maine connected today's telephone are Jaco van der Merwe, our Chief Executive Officer, and Brian Harris, our Chief Financial Officer. In conscionable a moment, I'll crook the telephone implicit to Jaco to supply his comments, and past Brian volition summarize our fiscal results. For your convenience, a transcript of our property merchandise and presumption person been posted connected our website nether the Investor Relations tab astatine www.astecindustries.com. Turning to descent 2, I'll punctual you that our treatment this greeting whitethorn incorporate forward-looking statements that subordinate to the aboriginal show of the company.

Factors that could power our results are highlighted successful today's fiscal quality release, and others are contained successful our filings with the U.S. Securities and Exchange Commission. In an effort to supply investors with further information, the institution refers to assorted GAAP and non-GAAP fiscal measures, which absorption believes supply utile accusation to investors. A reconciliation of GAAP to non-GAAP results are included successful our quality merchandise and the appendix of our descent presentation. And now, turning to descent 3, I'll crook the telephone implicit to Jaco.

Jaco van der Merwe: Thank you, Steve. Good morning, everyone, and convey you for joining us. As you volition see, we delivered a coagulated 4th with grounds revenues and adjusted EBITDA. We proceed to marque advancement with our strategical initiatives arsenic we thrust greater consistency, profitability, and growth. Moving to descent 4, nett income were up 23.6% implicit the aforesaid play the anterior year, and adjusted EBITDA accrued 26%. Adjusted EBITDA margins to 10.4%, which was a 20-basis-point summation implicit a coagulated 2nd 4th successful 2025, and we reported affirmative escaped currency flow. The Infrastructure Solutions conception remained steadfast arsenic nett income grew 11.6% implicit the aforesaid play the anterior year, mostly owed to request for concrete, mobile paving, forestry equipment, and inorganic contributions.