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Astec Industries, Inc. (NASDAQ: ASTE) to Participate in Sidoti Small Cap Conference on September 17, 2025
Globenewswire· 2025-09-11 20:01
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]
Astec Industries, Inc. Announces the Company's Second Quarter 2025 Conference Call on August 6, 2025, at 8:30 A.M. Eastern Time
GlobeNewswire News Room· 2025-07-16 20:01
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 - A live webcast will also be available, and an archived version will be accessible for ninety days post-call [2][3].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].
Astec Completes Acquisition of TerraSource Holdings, LLC
Globenewswire· 2025-07-01 13:00
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]