Core Insights - Astec Industries, Inc. reported strong financial results for Q3 2025, with net sales increasing by 20.1% to $350.1 million compared to $291.4 million in Q3 2024, driven by operational efficiencies and the acquisition of TerraSource Holdings, LLC [2][10][32] - The company updated its full-year adjusted EBITDA guidance, raising the lower end from $123 million to $132 million while maintaining the upper end at $142 million [2][10] - Adjusted EBITDA for Q3 2025 grew by 55.7% to $27.1 million, up from $17.4 million in the same quarter last year [2][10][32] Financial Performance - Net sales for the Infrastructure Solutions segment reached $193.2 million, a 17.1% increase, while the Materials Solutions segment saw net sales of $156.9 million, a 24.1% increase [10][18] - The company reported a net loss of $4.2 million for Q3 2025, an improvement from a net loss of $6.2 million in Q3 2024 [2][10][32] - The operating margin improved to 0.3% from a loss of 2.5% in the prior year, reflecting operational advancements [2][10][32] Segment Analysis - Infrastructure Solutions segment's adjusted EBITDA increased by 53.2% to $23.9 million, with an adjusted EBITDA margin of 12.4%, up 290 basis points [10][20] - Materials Solutions segment's adjusted EBITDA rose by 6.2% to $15.4 million, with an adjusted EBITDA margin of 9.8%, down 170 basis points due to prior year litigation reserve releases [10][20] - The total backlog decreased by 5.5% to $449.5 million, with Infrastructure Solutions backlog down 26.1% while Materials Solutions backlog increased by 52.4% [10][18] Liquidity and Cash Flow - Total liquidity stood at $312.1 million, comprising $67.3 million in cash and cash equivalents and $244.8 million available for additional borrowings [10][24] - Operating cash flow for the quarter was negative $8.1 million, and free cash flow was negative $12.3 million [10][33] - Capital expenditures for the quarter amounted to $4.2 million, and the company paid a dividend of $0.13 per share [10][24]

Core Points - Astec Industries, Inc. will hold a conference call to discuss its third quarter 2025 financial results on November 5, 2025 [1] - The call will be hosted by key executives including the President and CEO, CFO, and Senior VP of Administration and Investor Relations [2] - A live webcast of the call will be available, and an archived version will be accessible for ninety days [2][3] Company Overview - Astec is a manufacturer specializing in equipment and aftermarket parts for asphalt road building, aggregate processing, concrete production, and related markets [4] - The company's operations are divided into two main segments: Infrastructure Solutions and Materials Solutions [4] - Infrastructure Solutions includes road building, asphalt and concrete plants, and thermal and storage solutions, while Materials Solutions covers aggregate processing, civil construction, energy, mining, hydro-electric, recycling, and bulk material handling [4]

Core Insights - Latham Group, Inc. has appointed Jeffrey J. Jackson as an independent member of its Board of Directors and as a member of the Audit Committee, increasing the board size from eight to nine directors [1][2]. Group 1: Appointment Details - Jeffrey J. Jackson is currently the CEO of Cabinetworks Group, Inc., the largest privately-owned kitchen cabinet manufacturer in the U.S. [2] - Jackson has a notable background, having served as President and CEO of PGT Innovations, Inc., where he led the company to significant growth and national brand recognition in the fenestration industry [2][3]. - His previous executive roles include positions at The Hershey Company, Mrs. Smith's Bakeries, and The Coca-Cola Company, showcasing a diverse experience across various sectors [2]. Group 2: Board Commentary - James C. Cline, Chairman of the Latham Board, expressed enthusiasm about Jackson's appointment, highlighting his visionary leadership and extensive expertise in executive management and finance [3]. - Cline noted that Jackson's broad sector knowledge and industry relationships will provide valuable operational and strategic experience to support Latham's growth and competitive positioning [3]. Group 3: Company Overview - Latham Group, Inc. is the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand [4]. - The company operates with approximately 1,850 employees across 30 locations, indicating a robust operational platform [4].