Astec Industries

Astec Industries, Inc. engages in the manufacture of equipment and components for the infrastructure, and aggregate and mining industries. It operates through the following segments: Infrastructure Solutions, Material Solutions, and Corporate. The Infrastructure Solutions segment markets line of asphalt plants and related components, asphalt pavers, screeds, milling machines, material transfer vehicles, stabilizers, and related ancillary equipment. The Material Solutions segment focuses on designing and manufacturing heavy processing equipment, as well as servicing and supplying parts for the aggregate, metallic mining, recycling, ports, and bulk handling markets. The Corporate segment includes the firm's parent company and Astec Insurance Co. The company was founded by J. Don Brock in 1972 and is headquartered in Chattanooga, TN.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

Astec Industries reports robust Q4 performance and outlines growth strategies

Astec Industries' strong Q4 performance and strategic priorities for 2023 position the company for growth.
Operational excellence, supply chain improvements, and pricing actions are key drivers for future earnings.
Challenges in managing inflationary pressures and transitioning to new strategies require ongoing attention.
Opportunities lie in continued order support from pending funds, new product showcases, and enhanced dealer relationships.

Astec Industries excels in Q1 2023, poised for growth

Astec Industries delivered a strong Q1 2023 performance with notable sales growth and margin expansion.
The company's strategic initiatives and commitment to efficiency and value creation position it well for future growth.
Opportunities exist in maintaining margins, addressing challenges, and leveraging positive industry trends for continued success.

Astec Industries posts record sales and margin growth in Q2

Astec Industries delivered a strong performance in Q2 2023 with record sales and significant margin expansion.
While facing challenges such as backlog decrease and operational adjustments, the company maintains a solid financial position and growth outlook.
Opportunities lie in technological advancements, market demand for key products, and a commitment to core values for future growth and value creation.

Astec Industries reports Q3 sales dip, eyes operational enhancements

Astec Industries navigated challenges with resilience, focusing on operational excellence and long-term growth strategies.
Investments in plant efficiency and new products position the company for future order growth and improved production output.
Despite short-term setbacks, Astec Industries remains optimistic about operational improvements and revenue opportunities.

Astec Industries reports record sales and margins, eyes growth opportunities

Astec Industries delivered strong performance in 2023 with record sales and improved profitability.
While facing challenges like softer demand and timing issues, the company is optimistic about growth opportunities.
With a focus on operational excellence, margin expansion, and strategic investments, Astec aims for stable profitability in 2024.
Balancing buyback plans, acquisitions, and Oracle ERP implementations, Astec is poised for continued growth and enhanced capital utilization.

Astec Industries reports Q1 2024 challenges and opportunities ahead

Astec Industries navigated challenges in Q1 2024 with a focus on improving margins, operational efficiency, and customer engagement.
The company remains confident in its receivables quality and is proactively managing pricing and inflation risks.
Expectations for improved margins in 2024 through strategic initiatives and competitive positioning.
Challenges in supply chain and competitive environment addressed with plans for resilience and growth.

Astec Industries reports mixed Q3 results, focuses on innovation

Astec Industries delivered mixed financial results in Q3 2024, with strong performance in Infrastructure Solutions and challenges in Material Solutions.
Despite a decrease in net sales, the company achieved significant improvements in adjusted EBITDA and EPS.
Strategic initiatives and new product introductions position Astec well for future growth and innovation.

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Astec Industries, Inc. engages in the design, engineer, manufacture, and market of equipment and components used in road building and construction activities. It operates through the following segments: Infrastructure Solutions, Material Solutions, and Corporate and Other. The Infrastructure Solutions segment designs, engineers, manufactures, and markets a complete line of asphalt plants, concrete plants, and ancillary equipment, as well as supplying asphalt road construction equipment, industrial thermal systems, and heavy equipment. The Material Solutions segment designs and manufactures heavy processing equipment, in addition to servicing and supplying parts for the aggregate, metallic mining, recycling, ports, and bulk handling industries. The Corporate and Other segment is involved in the controls and automation business, through the firm's parent company, Astec Insurance. The company was founded by J. Don Brock in 1972 and is headquartered in Chattanooga, TN.

Astec Industries, Inc. (ASTE) CEO Barry Ruffalo on Q4 2019 Results - Earnings Call Transcript

Astec's (ASTE) Q4 results reflect unfavorable impact of sluggish market conditions in North America despite growth in international sales.

Astec's (ASTE) Earnings & Revenues Miss Estimates in Q4

Astec Industries (ASTE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Astec Industries (ASTE) Q4 Earnings Expected to Decline

As part of a thorough strategic review of its product portfolio, Astec (ASTE) has decided to sell its subsidiary, GEFCO.

Astec to Divest GEFCO, Simplify Organizational Structure

Astec Industries to Sell GEFCO, Inc.

Weak demand in domestic markets will hurt Astec's (ASTE) top line as it generates approximately 80% of sales. Further, input cost inflation will dent margins.

Astec (ASTE) Weighed Down By Weak Demand & Higher Costs

Astec Industries (ASTE) reported earnings 30 days ago. What's next for the stock?

Why Is Astec Industries (ASTE) Up 9.1% Since Last Earnings Report?

Astec (ASTE) reports weaker-than-expected earnings and revenues in Q3 reflecting softer market conditions.

Astec (ASTE) Q3 Earnings Miss Estimates on Lower Demand

Astec Industries, Inc. (ASTE) CEO Barry Ruffalo on Q3 2019 Results - Earnings Call Transcript

Astec Industries (ASTE) delivered earnings and revenue surprises of -45.16% and -2.73%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Astec Industries (ASTE) Misses Q3 Earnings and Revenue Estimates

Astec Industries Reports Third Quarter 2019 Results

CHATTANOOGA, Tenn., Sept.  16, 2019  (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) announces today it will present at the Sidoti & Company Fall 2019 Conference in New York City, New York on Wednesday, September 25, 2019. Barry A. Ruffalo, President and Chief Executive Officer and Stephen C. Anderson, Vice President of Administration and Director of Investor Relations will attend the conference.

Astec Industries, Inc. to Attend Sidoti & Company Fall 2019 Conference

Astec Industries (ASTE) Down 15.3% Since Last Earnings Report: Can It Rebound?

Despite lower demand in Q2, Astec's (ASTE) ongoing strategic procurement and operational excellence initiatives along with manpower reductions will buoy margins in 2019.

Astec's (ASTE) Q2 Earnings Lag Estimates on Lower Demand

Astec Industries, Inc. (ASTE) Management on Q2 2019 Results - Earnings Call Transcript

Astec Industries (ASTE) delivered earnings and revenue surprises of -12.20% and 1.62%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Astec Industries (ASTE) Lags Q2 Earnings Estimates

Strategic sourcing initiative, inventory management and favorable markets likely to aid Astec's (ASTE) Q2 performance.

Astec (ASTE) to Report Q2 Earnings: What's in the Offing?

Astec (ASTE) remains well poised in the long term backed by the global population growth, increased urbanization and the need to repair the ageing infrastructure.

Astec (ASTE) to Gain From Improving Markets Amid Cost Woes

Why Is Astec Industries (ASTE) Down 5.4% Since Last Earnings Report?

Astec's (ASTE) earnings missed estimates owing to pricing pressure from competitors and temporary weather related shutdowns.

Astec's (ASTE) Earnings and Revenues Lag Estimates in Q1

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Astec Industries, Inc. (ASTE) Management on Q1 2019 Results - Earnings Call Transcript

Astec Industries (ASTE) stock may be a good choice for value-oriented investors right now from multiple angles.

Is Astec Industries (ASTE) a Good Pick for Value Investors?

Favorable markets, new products and savings from exiting the wood pellet industry are likely to fuel Astec's price movement in 2019.

News for Astec Industries Stock (ASTE)