Astec Industries' stock plummeted 17.83% during intraday trading on Wednesday, following the release of its first-quarter 2026 financial results which revealed a significant earnings miss and a sharp decline in profitability.

The company reported adjusted earnings per share of $0.54 for the quarter, missing the analyst consensus estimate of $0.84 by 35.71%. Net income dropped 90.9% to $1.3 million compared to the same period last year. While sales rose 20.3% to $396.3 million, slightly exceeding expectations, the severe profit contraction drove investor sentiment negatively.

Astec's profitability was significantly impacted by several factors including ConExpo trade show expenses, timing and mix-related shortfalls in its legacy operations, and increased freight, duty, and tariff costs. The company maintained its full-year 2026 adjusted EBITDA guidance of $170 million to $190 million, citing favorable order activity and strong end markets, but this did not offset concerns over the quarterly performance.