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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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 (ASTE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Astec Industries (ASTE) Upgraded to Buy: What Does It Mean for the Stock?

Astec Industries, Inc. (NASDAQ:ASTE ) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Company Participants Steve Anderson - SVP of Administration and IR Jaco van der Merwe - CEO Becky Weyenberg - CFO Conference Call Participants Mig Dobre - Baird Steve Ferazani - Sidoti Brian Sponheimer - Gabelli Funds Larry De Maria - William Blair Operator Hello, and welcome to the Astec Industries First Quarter Earnings Call. As a reminder, this conference call is being recorded.

Astec Industries, Inc. (ASTE) Q1 2023 Earnings Call Transcript

First Quarter 2023 Highlights (all comparisons are made to the prior year first quarter):

Astec Reports First Quarter 2023 Results

Astec Industries: Strong Balance Sheet To Help Navigate Current And Potential Headwinds.

Astec Industries: Strong Balance Sheet To Help Navigate Current And Potential Headwinds

CHATTANOOGA, Tenn., April 03, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces conference call to review the company's first quarter 2023 financial results.

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's First Quarter Conference Call on May 3, 2023 at 8:30 A.M. Eastern Time

Astec (ASTE) will gain from solid demand in its markets and the launch of new products despite inflationary pressures.

Astec (ASTE) Bets on Improving Demand Amid Cost Woes

Astec's (ASTE) fourth-quarter top line increases year over year on pricing initiatives and higher volume.

Astec (ASTE) Earnings Lag Estimates in Q4, Revenues Rise Y/Y

Astec Industries, Inc. (NASDAQ:ASTE ) Q4 2022 Earnings Conference Call March 1, 2023 8:30 AM ET Company Participants Stephen Anderson – Senior Vice President of Administration and Investor Relations Jaco van der Merwe – Chief Executive Officer Becky Weyenberg – Chief Financial Officer Conference Call Participants Joe Grabowski – Baird Stanley Elliott – Stifel Steve Ferazani – Sidoti Larry De Maria – William Blair Operator Hello, and welcome to the Astec Industries Fourth Quarter Earnings Call. As a reminder, this conference is being recorded.

Astec Industries, Inc. (ASTE) Q4 2022 Earnings Call Transcript

Astec Industries (ASTE) delivered earnings and revenue surprises of -10.53% and 12.15%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Astec Industries (ASTE) Lags Q4 Earnings Estimates

Fourth Quarter 2022 Highlights (all comparisons are made to the prior year fourth quarter):

Astec Reports Fourth Quarter 2022 Results

Astec Industries has a rather mixed and bumpy operating history covering an extended period of time. Recently, sales have risen nicely, but profits and cash flows have come under pressure.

Astec Industries: Not The Road To Riches

CHATTANOOGA, Tenn., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) is returning to CONEXPO-CON/AGG, March 14-18, in Las Vegas, with its comprehensive product offering.

Astec to Bring OneASTEC Product Offering to CONEXPO

CHATTANOOGA, Tenn., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces conference call to review the company's fourth quarter 2022 financial results.

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's Fourth Quarter Conference Call on March 1 at 8:30 A.M. Eastern Time

CHATTANOOGA, Tenn., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today Barry Ruffalo has stepped down as President and Chief Executive Officer and as a member of the Board of Directors, effective immediately. The Board has appointed Jaco van der Merwe to serve as President and Chief Executive Officer and as a member of the Astec Industries Board of Directors. Mr. van der Merwe joined Astec in 2016 as Group President and currently serves as Group President – Infrastructure Solutions, a role he assumed in 2019.

Astec Industries, Inc. (NASDAQ: ASTE) Announces CEO Transition

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Astec Industries engineers, manufactures, and markets equipment used in road building and construction activities. In my view, the most appealing fact is the company's record backlog reported in the most recent quarterly report.

Astec Industries: Backlog Increase And Centralization Make The Stock Cheap

CHATTANOOGA, Tenn., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) announced today that Barry A. Ruffalo, President and Chief Executive Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations, will participate at Baird's Global Industrial Conference on Wednesday, November 9, 2022.

Astec to Present at Baird's 2022 Global Industrial Conference

CHATTANOOGA, Tenn., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced the company's board of directors (the “Board”) elected Mr. Mark Gliebe and Mr. Nalin Jain, each a new independent director, effective as of November 10, 2022. The election of Mr. Gliebe and Mr. Jain increases the size of the Board to 12 directors, 11 of whom are independent directors. Each of Mr. Gliebe and Mr. Jain will serve as a member of the Audit Committee of the Board. In addition, Mr. Gliebe will also serve as a member of the Compensation Committee of the Board, and Mr. Jain will also serve as a member of the Nominating and Corporate Governance Committee of the Board.

Astec Appoints New Members to Board of Directors

Astec Industries, Inc. (NASDAQ:ASTE ) Q3 2022 Earnings Conference Call November 2, 2022 8:00 AM ET Company Participants Stephen Anderson - Senior Vice President of Administration and Investor Relations Barry Ruffalo - President and Chief Executive Officer Rebecca Weyenberg - Chief Financial Officer Conference Call Participants Mircea Dobre - Robert W. Baird & Co, Inc. Steve Ferazani - Sidoti & Company Lawrence De Maria - William Blair & Company Operator Hello, and welcome to the Astec Industries Third Quarter Earnings Call.

Astec Industries, Inc. (ASTE) Q3 2022 Earnings Call Transcript

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Astec Industries (ASTE) delivered earnings and revenue surprises of -9.68% and 5.69%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Astec Industries (ASTE) Q3 Earnings Lag Estimates

Third Quarter 2022 Highlights (all comparisons are made to the prior year third quarter):

Astec Reports Third Quarter 2022 Results

CHATTANOOGA, Tenn., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on or about December 2, 2022, to shareholders of record as of the close of business on November 14, 2022.

Astec Announces Dividend Increase of 8.3%

CHATTANOOGA, Tenn., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Astec (NASDAQ: ASTE) announced it has joined The Road Forward, an industry-wide initiative of the National Asphalt Pavement Association (NAPA), to engage, educate, and empower the U.S. asphalt community to produce and construct net zero carbon emission asphalt pavements by 2050.

News for Astec Industries Stock (ASTE)