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Group 1 - Astec Industries, Inc. will participate in the Sidoti Small Cap Conference on September 17, 2025, with key executives attending virtual 1x1 meetings [1] - The conference is organized by Sidoti Events, LLC, which focuses on small and microcap companies, leveraging Sidoti & Company’s 25 years of experience in independent securities research [3] - Astec operates in two primary business segments: Infrastructure Solutions, which includes road building and asphalt plants, and Materials Solutions, which focuses on aggregate processing equipment [4] Group 2 - Sidoti Events hosts eight investor conferences annually, providing corporate access and facilitating interactions between small and microcap issuers and investors [3] - The company’s coverage universe includes approximately 160 equities, with 50% participating in the Company Sponsored Research program [3] - Astec Industries specializes in manufacturing equipment for asphalt road building, aggregate processing, and concrete production [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from _____ to _____ Commission File Number: 001-11595 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Astec Industries, Inc. FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Tennessee 62-0873631 (State or o ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 2025 was $33.7 million, an increase of $6.1 million or 22.1% compared to 2024 [7][27] - Adjusted EBITDA margin improved to 10.2%, up 220 basis points year-over-year [7][28] - Adjusted earnings per share reached $0.88, a 44.3% increase from $0.61 in Q2 2024 [7][29] - Backlog decreased sequentially by 5.4% to $380.8 million [7][8] Business Line Data and Key Metrics Changes - In the Infrastructure Solutions segment, equipment sales were lower due to weak demand for forestry and mobile paving equipment, while aftermarket parts sales increased by 9.4% [27][30] - Material Solutions segment saw equipment sales increase by 4.9%, but aftermarket parts sales declined by 5.9% [30] - Adjusted EBITDA for the Material Solutions segment increased by 39.2% to $14.2 million, with adjusted EBITDA margin rising to 11.3% [30][31] Market Data and Key Metrics Changes - Approximately 80% of revenues are generated in the United States, with a favorable market outlook due to federal highway funding [17][21] - Total value of state and local government transportation contract awards increased by 9% to $47.8 billion through April 2025 [18] - The current surface transportation law is set to expire on October 1, 2026, with optimism for a new bill [19][20] Company Strategy and Development Direction - The completion of the TerraSource acquisition is expected to drive future growth, with aftermarket part sales representing approximately 63% of total revenue [11][12] - Focus on operational excellence and efficiency improvements to enhance margins and profitability [34] - Emphasis on growing the recurring aftermarket parts business and exploring inorganic growth opportunities [34] Management's Comments on Operating Environment and Future Outlook - Management noted a mix of external tailwinds and headwinds, including high interest rates and a changing tariff environment [14][16] - Customer sentiment remains cautiously optimistic, with large backlogs of work reported [14][34] - The company expects continued progress in the Material Solutions segment in the second half of the year [9][24] Other Important Information - The company maintains a strong balance sheet with cash and cash equivalents of $87.8 million and total available liquidity of $247.6 million [32] - Free cash flow for the quarter was $9 million, representing 53.9% of net income [32] Q&A Session Summary Question: Year-over-year margin improvement details - Management highlighted that margin expansion was driven by procurement efforts and operational excellence initiatives [40] Question: EPS drag from tariffs - Management indicated that they successfully mitigated tariff effects during the quarter and did not provide a specific number [42] Question: Market differences between asphalt/concrete plants and mobile paving equipment - Management explained that mobile paving equipment is facing inventory challenges similar to previous issues in the Material Solutions business, while asphalt plant demand remains strong [43] Question: Concerns about infrastructure spending bill winding down - Management reassured that customer optimism remains, with strong backlog and order visibility for Q3 [44][46] Question: Impressive cash flow management - Management noted effective working capital management and opportunities for further improvement in inventory levels [49][51]

Financial Performance - Net sales for Q2 2025 were $330.3 million [8], a decrease of 4.4% compared to $345.5 million in Q2 2024 [44] - Adjusted EBITDA for Q2 2025 was $33.7 million [8], an increase of 22.1% compared to $27.6 million in Q2 2024 [44] - Adjusted EBITDA margin for Q2 2025 was 10.2% [8], an increase of 220 bps compared to 8.0% in Q2 2024 [44] - Adjusted EPS for Q2 2025 was $0.88 [8], an increase of 44.3% compared to $0.61 in Q2 2024 [44] - Free cash flow was $9.0 million in Q2 2025 [8], representing 53.9% of net income [8] Segment Performance - Infrastructure Solutions net sales for Q2 2025 were $204.6 million [47], a decrease of 7.6% compared to $221.4 million in Q2 2024 [47] - Infrastructure Solutions segment operating adjusted EBITDA margin for Q2 2025 was 15.7% [47], an increase of 340 bps compared to 12.3% in Q2 2024 [47] - Materials Solutions net sales for Q2 2025 were $125.7 million [50], an increase of 1.3% compared to $124.1 million in Q2 2024 [50] - Materials Solutions segment operating adjusted EBITDA margin for Q2 2025 was 11.3% [50], an increase of 310 bps compared to 8.2% in Q2 2024 [50] Backlog and Orders - The backlog level is $380.8 million [8]

NEWS RELEASE ASTEC REPORTS SECOND QUARTER 2025 RESULTS Second Quarter 2025 Overview (all comparisons are made to the corresponding prior year second quarter unless otherwise specified): CHATTANOOGA, Tenn. (August 6, 2025) – Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for the second quarter ended June 30, 2025. "Astec reported another strong quarter building on its strategic initiatives to deliver consistency, profitability and growth," said Jaco van der Merwe, Chief Executive ...

Core Viewpoint - Astec Industries, Inc. is set to release its second quarter 2025 financial results on August 6, 2025, followed by a conference call to discuss these results [1][2]. Group 1: Conference Call Details - The conference call will be hosted by Jaco van der Merwe (President and CEO), Brian Harris (CFO), and Steve Anderson (Senior VP of Administration and Investor Relations) [2]. - Participants can access the call by dialing (888) 440-4118 for domestic calls or +1 (646) 960-0833 for international calls, at least 10 minutes prior to the scheduled time [2]. - A live webcast will also be available, and an archived version will be accessible for ninety days post-call [2][3]. Group 2: Company Overview - Astec Industries, Inc. specializes in manufacturing equipment for asphalt road building, aggregate processing, and concrete production [4]. - The company's operations are divided into two main segments: Infrastructure Solutions and Materials Solutions [4].

Core Insights - Astec Industries, Inc. has completed the acquisition of TerraSource Holding, LLC, which is expected to enhance gross profit margins, adjusted EBITDA margins, and earnings per share due to the significant contribution of aftermarket parts and services to TerraSource's revenue [1][6] - The acquisition aligns with Astec's disciplined growth strategy and is anticipated to be accretive from day one, improving the quality of earnings [2][6] - The deal is valued at $245 million in cash, with a net purchase price of $230 million after accounting for anticipated tax benefits [6] Company Overview - Astec is a manufacturer specializing in equipment for asphalt road building, aggregate processing, and concrete production, divided into two main segments: Infrastructure Solutions and Materials Solutions [3] - TerraSource provides industry-leading equipment for various applications, including crushers and waste management solutions, with a legacy of over 100 years [4] Financial Expectations - The acquisition is expected to generate annual run-rate synergies of approximately $10 million by the end of year two [6] - Astec anticipates a proforma net leverage ratio of around 2.0x net debt to adjusted EBITDA for 2025 [6]

Group 1 - The article emphasizes the importance of adapting opinions as market conditions change, highlighting that changes can occur gradually or rapidly [1] - Crude Value Insights provides an investment service focused on oil and natural gas, concentrating on cash flow and companies that generate it, which leads to potential value and growth opportunities [1] - Subscribers benefit from a comprehensive stock model account, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the sector [2] Group 2 - A promotional offer is available for a two-week free trial, encouraging new users to explore opportunities in the oil and gas sector [3]