What is the revenue and EPS growth rate for Astec Industries year over year?

What were the key takeaways from Astec Industries’s earnings call?

What is the market's earnings forecast for Astec Industries next quarter?

What guidance did Astec Industries's management provide for the next earnings period?

What were the key takeaways from Astec Industries's earnings call?

Did Astec Industries beat or miss consensus estimates last quarter?

What is Astec Industries's gross profit margin?

What factors drove the changes in Astec Industries's revenue and profit?

- **Record EBITDA Growth**: 55.7% YoY jump to $27.1 million, with margins up 170 bps to 7.7%.
- **TerraSource Payoff**: $64.1M backlog contribution, 670 bps parts mix improvement, with full synergies expected in 2026.
- **Tariff Resilience**: No margin impact despite elevated tariffs, via dual sourcing and strategic pricing.
- **Rare Earth Opportunity**: Secured first orders from government-backed miner, leveraging existing equipment.
- **Balance Sheet Strength**: $312M liquidity, 2.0x net debt ratio within target range.

**【CEO Summary Section】**
- **Revenue Growth and Margin Expansion**: Third-quarter adjusted EBITDA rose 55.7% year-over-year to $27.1 million, with margins increasing 170 basis points to 7.7%. The company raised its full-year EBITDA guidance to $132-$142 million, up from $123 million previously.
- **TerraSource Integration Success**: The acquisition added $64.1 million to the backlog, with parts sales mix improving 670 basis points. Management expects full synergies to materialize in 2026, including shorter lead times and enhanced parts availability.
- **Tariff Mitigation**: Proactive strategies like dual sourcing, reshoring, and strategic pricing neutralized tariff impacts, with no margin dilution despite elevated tariffs.
- **Infrastructure Tailwinds**: Federal highway funding and state project backlogs support asphalt/concrete plant demand, while rare earth mining orders (e.g., from a government-backed firm) are emerging.

**【CFO Financial Commentary】**
- **Top-Line Strength**: Net sales grew 20.1% driven by asphalt/concrete plants and TerraSource, with trailing 12-month EBITDA margin up 300 basis points to 10.5%.
- **Balance Sheet Health**: $67.3 million cash, $244.8 million available credit, and 2.0x net debt/EBITDA ratio within target range, enabling M&A flexibility.
- **Guidance Details**: Q4 SG&A $65-73 million, D&A $37-42 million. Full-year tax rate 24-27%, capex $25-35 million.

**【Q&A Highlights】**
- **Tariff Strategy**: Dynamic pricing, alternative suppliers, and reshoring maintained margins despite 2025 tariff increases.
- **Rare Earth Mining**: Received first orders from a government-backed miner, with existing equipment suitable for new applications.
- **TerraSource Synergies**: Target 12-month synergy realization, with parts fill rates expected to match legacy Astec levels within 12 months.
- **Parts Growth Driver**: 15% Q3 parts sales growth driven by operational excellence, not just market conditions.


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