Astec Industries posted Q1 2026 net sales of $396.3 million, a 20.3% increase from the prior year, driven by a 70.6% rise in Materials Solutions sales. Despite a 90.9% drop in GAAP net income to $1.3 million due to timing and mix issues in Infrastructure Solutions and trade show expenses, adjusted net income was $12.5 million. The company maintains its full-year 2026 adjusted EBITDA guidance between $170 million and $190 million, supported by strong order activity and market conditions. Operating cash flow was $40.7 million, and backlog grew 36.4% to $549.2 million, positioning Astec for continued growth.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Orvana Minerals reported Q3 FY2026 production of 10,833 gold equivalent ounces, mainly from its Spain operation due to delays in Bolivia caused by logistics issues. The company has completed preparations to begin oxide ore processing at its Don Mario...
Nevada King Gold Corp. received approval from the Bureau of Land Management for its fifth and largest modification to its drilling plan at the Atlanta Gold Mine project in Nevada. This permits 78 additional reverse circulation and 404 rotary air blas...
