Astec Industries (NASDAQ:ASTE) used its 2026 Investor Day to outline a five-year growth plan centered on higher recurring revenue, digital products, operational improvements and disciplined acquisitions.
President and CEO Jaco van der Merwe said the Chattanooga, Tennessee-based equipment manufacturer is at an “inflection point” after three years of work to improve consistency, profitability and its balance sheet. He said Astec’s long-term plan is built around its “Built to Connect” operating approach and its position in what the company calls the “Rock to Road” value chain, including equipment for asphalt, aggregates, mineral processing and concrete production.
