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 - A live webcast will also be available, and an archived version will be accessible for ninety days post-call [2][3].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 - Brookfield Business Partners reported a net income of $80 million for Q1 2025, up from $48 million in Q1 2024, reflecting a significant increase in profitability [2][3][31] - The company generated over $1.5 billion from capital recycling initiatives and invested approximately $140 million in unit and share repurchases [2][9] - Adjusted EBITDA for Q1 2025 was $591 million, compared to $544 million in the prior year, driven by strong performance in the Industrials segment [3][4] Financial Performance - Net income attributable to unitholders for Q1 2025 was $80 million ($0.38 per unit), compared to $48 million ($0.23 per unit) in Q1 2024 [2][3] - Adjusted EBITDA increased to $591 million in Q1 2025 from $544 million in Q1 2024, with contributions from recent acquisitions [3][4] - The Industrials segment generated $304 million in Adjusted EBITDA, up from $228 million in the same period last year, aided by tax benefits and new acquisitions [4][5] Segment Performance - Business Services segment reported Adjusted EBITDA of $213 million, slightly up from $205 million in Q1 2024, despite higher technology upgrade costs [5] - Infrastructure Services segment saw a decline in Adjusted EBITDA to $104 million from $143 million, impacted by the sale of the offshore oil services operation [6] - Adjusted EFO for the Industrials segment decreased to $130 million from $180 million, reflecting the impact of withholding taxes [7] Strategic Initiatives - The company announced the acquisition of Antylia Scientific for approximately $1.3 billion, with Brookfield expected to invest about $160 million for a 25% interest [8] - A unit repurchase program was executed, with approximately $140 million spent to repurchase 5.9 million units at an average price of $24 per unit [9] Liquidity and Distribution - As of March 31, 2025, Brookfield had approximately $2.4 billion in liquidity, including $59 million in cash and liquid securities [10] - The Board declared a quarterly distribution of $0.0625 per unit, payable on June 30, 2025 [11][33]

Core Insights - Astec Industries, Inc. reported strong financial results for Q1 2025, with increases in net sales, EBITDA, net income, and earnings per share, alongside the announcement of a definitive agreement to acquire TerraSource Holdings, LLC for $245 million [2][4][6]. Financial Performance - Net sales reached $329.4 million, a 6.5% increase from $309.2 million in Q1 2024 [4][29]. - EBITDA was $27.5 million, up 105.2% from $13.4 million in the previous year, with an adjusted EBITDA of $35.2 million, reflecting an 86.2% increase [4][30]. - Net income attributable to controlling interest was $14.3 million, a 320.6% increase compared to $3.4 million in Q1 2024, with adjusted net income of $20.3 million, up 160.3% [4][27]. - Diluted EPS increased to $0.62 from $0.15, representing a 313.3% rise, while adjusted EPS was $0.88, up 158.8% [4][27]. Segment Performance - Infrastructure Solutions segment net sales were $236.0 million, a 16.7% increase from $202.2 million, with an operating adjusted EBITDA of $42.9 million, up 67.6% [8][17]. - Materials Solutions segment net sales decreased by 12.7% to $93.4 million, primarily due to lower domestic equipment sales, with an operating adjusted EBITDA of $5.2 million, a slight decrease of 1.9% [8][17]. Acquisition Details - The acquisition of TerraSource is expected to enhance Astec's scale, improve aftermarket parts mix, and expand margins, with anticipated annual run-rate synergies of approximately $10 million [6][9]. - The transaction is expected to close in early Q3 2025, subject to regulatory approvals [6][9]. Liquidity and Cash Flow - Total liquidity was reported at $238.9 million, including $90.1 million in cash and cash equivalents [8]. - Operating cash flow for the quarter was $20.5 million, with free cash flow of $16.6 million [8][32].