We bump our price target to $55 (from $52) and our 2025-2027 EPS estimates on stable backlog and corporate cost reductions. 3Q:25 EPS $0.47 narrowly exceeded our $0.45 forecast as year-over-year revenue grew more than 20% (about 4% ahead of our projection), benefiting from strong Infrastructure Solutions (IS) deliveries and the addition of margin accretive TerraSource to the Materials Solutions (MS) segment. Management also raised the low end of its full year EBITDA guidance, supported by strong 3Q:25 orders (above 1.0x book:bill excluding TerraSource) across both segments. Demand for asphalt and concrete plants remains stable, underpinned by ongoing federal infrastructure spending, while MS demand appears to have troughed. We expect the addition of TerraSource with anticipated synergies realized over the next 12 months, ongoing cost tightening and production efficiency efforts will drive EPS growth in 2026-2027 on relatively stable demand. Even after closing the $230 million acquisition in July, net leverage remained well within the company's 1.5x-2.5x target. We expect near-term cash flow will fund debt reduction but would not rule out additional accretive transactions, particularly to boost higher margin parts exposure. Our raised $55 price target is based on an unchanged 16x our average 2026-2027 EPS estimate of $3.46 (previously 16x our former 2026 EPS projection of $3.26). Our moderate risk rating is supported by the strong balance sheet and improving cash conversion.