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Astec Industries, Inc. designs, engineers, manufactures, markets, and services equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants, cold central plant recycles systems, and soil remediation plants; concrete batch plants, liquid asphalt terminals, and thermal fluid heaters; asphalt pavers, material transfer vehicles, and milling machines; and industrial automation controls and telematics platforms, as well as engineering and environmental permitting, various plants components, polymer plants, heat recovery units, industrial and asphalt burners and systems, wood chippers and grinders, and blower trucks and trailers,. The Materials Solutions segment offers jaw, cone, heavy-duty, and mining-application crushers; horizontal and vertical shaft impactors; incline, multi-frequency and high frequency, horizontal, and dewatering screens; washing and classifying plants, fines recovery systems, and water clarification systems; radial and telescoping conveyors, pugmills, truck unloaders, hopper feeders ship loaders and unloaders, and bulk receptions feeders; and Rock breaker systems, hydraulic breakers, compactors, and pulverizers. It provides its products to asphalt or concrete producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors; mine and quarry operators; port and inland terminal authorities; power stations; and domestic and foreign government agencies. The company was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.4B | $108M | $39M | $21M | 5.7% | 8.1% | 802.3% |
| 2024 | $1.3B | $51M | $4M | $3M | 0.7% | -2.5% | -87.2% |
| 2023 | $1.3B | $77M | $34M | $-6M | 5.1% | 5.0% | -33600.0% |
| 2022 | $1.3B | $35M | $-0M | $-115M | -0.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,274.50 | 1,338.20 | 1,305.10 | 1,410.40 |
| Operating Revenue | - | 1,274.50 | 1,338.20 | 1,305.10 | 1,410.40 |
| Cost Of Revenue | - | 1,010.40 | 1,007.40 | 977.20 | 1,036.20 |
| Gross Profit | - | 264.10 | 330.80 | 327.90 | 374.20 |
| Operating Expense | - | 247.60 | 276.40 | 276.10 | 308.70 |
| Research And Development | 26.50 | 31.50 | - | - | - |
| Selling General And Administration | - | 247.60 | 276.40 | 276.10 | 308.70 |
| Total Expenses | - | 1,258 | 1,283.80 | 1,253.30 | 1,344.90 |
| Operating Income | - | 16.50 | 54.40 | 51.80 | 65.50 |
| Total Operating Income As Reported | - | 7.50 | 48.60 | 23.20 | 65.90 |
| EBITDA | - | 34.80 | 77.30 | 51.40 | 107.90 |
| Normalized EBITDA | - | 45.60 | 82.20 | 81.20 | 106.30 |
| EBIT | - | 6.90 | 51.70 | 24.60 | 71.60 |
| Interest Income | - | 1 | 2.10 | 2 | 3.30 |
| Interest Expense | - | 2.50 | 8.90 | 10.70 | 18.50 |
| Net Interest Income | - | -1.50 | -6.80 | -8.70 | -15.20 |
| Other Non Operating Income Expenses | - | 0.20 | 0.10 | 0.60 | 1.20 |
| Other Income Expense | - | -10.60 | -4.80 | -29.20 | 2.80 |
| Interest Income Non Operating | - | 1 | 2.10 | 2 | 3.30 |
| Interest Expense Non Operating | - | 2.50 | 8.90 | 10.70 | 18.50 |
| Net Non Operating Interest Income Expense | - | -1.50 | -6.80 | -8.70 | -15.20 |
| Pretax Income | - | 4.40 | 42.80 | 13.90 | 53.10 |
| Tax Provision | - | 5 | 9.10 | 9.80 | 14.30 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.27 | -1.04 | -6.26 | 0.43 |
| Net Income Continuous Operations | - | -0.60 | 33.70 | 4.10 | 38.80 |
| Net Income From Continuing And Discontinued Operation | - | -0.10 | 33.50 | 4.30 | 38.80 |
| Net Income From Continuing Operation Net Minority Interest | - | -0.10 | 33.50 | 4.30 | 38.80 |
| Net Income | - | -0.10 | 33.50 | 4.30 | 38.80 |
| Net Income Common Stockholders | - | -0.10 | 33.50 | 4.30 | 38.80 |
| Net Income Including Noncontrolling Interests | - | -0.60 | 33.70 | 4.10 | 38.80 |
| Normalized Income | - | 8.43 | 37.36 | 27.84 | 37.63 |
| Diluted NI Availto Com Stockholders | - | -0.10 | 33.50 | 4.30 | 38.80 |
| Basic Average Shares | - | 22.79 | 22.72 | 22.80 | 22.87 |
| Diluted Average Shares | - | 22.79 | 22.78 | 22.85 | 23.10 |
| Reconciled Depreciation | - | 27.90 | 25.60 | 26.80 | 36.30 |
| Reconciled Cost Of Revenue | - | 1,010.40 | 1,007.40 | 977.20 | 1,036.20 |
| Total Unusual Items | - | -10.80 | -4.90 | -29.80 | 1.60 |
| Total Unusual Items Excluding Goodwill | - | -10.80 | -4.90 | -29.80 | 1.60 |
| Minority Interests | - | -0.50 | 0.20 | -0.20 | 0 |
| Special Income Charges | - | -9 | -5.80 | -28.60 | 0.40 |
| Gain On Sale Of Business | 0 | 0 | - | - | - |
| Other Special Charges | 4.70 | - | - | - | - |
| Impairment Of Capital Assets | - | 3.50 | 1.20 | 20.20 | 0 |
| Restructuring And Mergern Acquisition | - | 6.20 | 7.70 | 9.50 | -0.20 |
| Gain On Sale Of Security | - | -1.80 | 0.90 | -1.20 | 1.20 |
| Gain On Sale Of Ppe | - | 0.70 | 3.10 | 1.10 | 0.20 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Astec Industries, Inc.this co. | ASTE | $1.2B | 30.56↑ premium | 1.74 | 5.7% | 13.55 |
| Heartland Express, Inc. | HTLD | $1.2B | - | 1.62 | -6.9% | 13.29 |
| Satellogic Inc. | SATL | $1.2B | -252.29 | 19.94 | -7.9% | 322.72 |
| Graham Corporation | GHM | $1.2B | 97.74 | 10.00 | 10.2% | 55.89 |
| Lindsay Corporation | LNN | $1.2B |
| - |
| - |
| - |
| - |
| - |
| 16.11 |
| 2.24 |
| 13.9% |
| 9.19 |
| Global Industrial Company | GIC | $1.2B | 16.22 | 3.73 | 23.0% | 11.44 |
| BrightView Holdings, Inc. | BV | $1.1B | 88.98 | 0.63 | 0.7% | 6.45 |
| Evolv Technologies Holdings, Inc. | EVLV | $1.1B | -34.30 | 9.52 | -27.7% | -161.32 |
| Gibraltar Industries, Inc. | ROCK | $1.1B | -25.59 | 1.20 | -4.7% | 7.06 |
| Peer Median | - | 16.11 | 2.99 | -2.0% | 10.32 | |