Astec Industries Set to Purchase Asphalt Plant Equipment Manufacturer CWMF
Acquisition Announcement: Astec Industries, Inc. has agreed to acquire CWMF Corporation, a manufacturer of asphalt plant equipment with annual revenues of approximately $50 million.
Financial Impact: The acquisition is expected to be accretive from day one, indicating a positive financial impact for Astec.
Strategic Growth: Astec's CEO stated that the acquisition aligns with their disciplined growth strategy and anticipates efficient integration due to the combined expertise of both companies.
Market Reaction: Following the announcement, Astec Industries shares rose over 1% in pre-market trading after a notable increase of 3.98% the previous day.
Get Free Real-Time Notifications for Any Stock
Analyst Views on ASTE
About ASTE
About the author

Activist Investors Target Staar Surgical, Alumis, and Other Stocks
Increased Investments: There has been a notable rise in holdings across various sectors, indicating a growing confidence among investors.
Market Trends: The increase in holdings reflects broader market trends, suggesting potential growth opportunities in the near future.

Caterpillar Reports 20.5% Revenue Growth in Q3 2025
- Revenue Growth: Caterpillar achieved a year-over-year revenue growth of 20.5% in Q3 2025, driven by volume increases across all segments, indicating strong performance amid market recovery.
- Record Backlog: The company reported a record-high backlog of $39.9 billion at the end of the quarter, which is expected to provide robust support for revenue in the upcoming quarters, reflecting ongoing growth in infrastructure investments.
- Accelerated Tech Investment: Caterpillar launched the AI-based Cat AI Assistant, enhancing customer interaction with equipment, which is anticipated to further drive sales and customer satisfaction, thereby strengthening market competitiveness.
- Strong Market Performance: Over the past three months, Caterpillar's stock has risen by 23.8%, demonstrating investor confidence in the company's future growth potential, while the Zacks consensus estimates a 20.5% earnings growth for 2026.









