Astec Industries, Inc. reported record financial results for the fourth quarter and full year ended December 31, 2024, with strong net income and quarterly records for net sales, adjusted EBITDA, and adjusted earnings per share. The company's net income was $0.92 per share, and adjusted earnings were $1.19 per share. Revenue for the quarter reached $359 million, marking a 6.5% increase year-over-year.
Operational excellence and working capital management contributed to significant financial improvements. Astec generated operating cash flows of $36.6 million and free cash flow of $32.1 million in the quarter. The company also reduced its net debt by $30.0 million and improved liquidity to $228.1 million.
For the full year 2025, Astec provided adjusted EBITDA guidance in the range of $105 million to $125 million. Management attributed the positive results to efforts in aftermarket services, operational excellence, and the OneASTEC procurement team, positioning the company for consistent and profitable growth.
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