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Corporate Overview

ASTEC manufactures more than 100 products for a global customer base operating in the sectors of infrastructure, aggregates and mining. ASTEC is committed to bringing innovative products and solutions to market through nurturing the inventive spirit of our employees and listening to the needs and wants of customers. Ultimately, our goal is to supply our customers with state-of-the-art equipment, which enables them to operate profitably.

Today's Key Messages

Net sales up 20.3%

Trailing twelve month Adjusted EBITDA margin of 9.2%

Positive free cash flow of $32.6M driven by continued focus on consistency, profitability and working capital management

Infrastructure Solutions — Demand outlook for asphalt and concrete plants remains positive. Challenging markets for forestry and mobile paving equipment, encouraged by recent backlog increases. Segment backlog increased $36.2M, including CWMF.

Materials Solutions — Inorganic growth and return of organic demand for legacy equipment. Federal infrastructure funding, healthy state and local budgets and construction of data centers are expected to drive multi-year demand. Segment backlog increased $110.4 million.

Parts and Service sales 36.9% of net sales, up 19.7% versus prior year quarter

 

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