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 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

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Earnings data Q1 2024

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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) delivered earnings and revenue surprises of -52.33% and -9.67%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Astec Industries (ASTE) Lags Q1 Earnings and Revenue Estimates

Shares of Astec Industries (NASDAQ:ASTE) were unchanged after the company reported Q1 results. Quarterly Results Earnings per share decreased 59.00% year over year to $0.41, which missed the estimate of $0.83.

Recap: Astec Industries Q1 Earnings

First Quarter 2021 Highlights (all comparisons are made to the prior year first quarter):

Astec Reports First Quarter 2021 Results

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.

Analysts Estimate Astec Industries (ASTE) to Report a Decline in Earnings: What to Look Out for

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CHATTANOOGA, Tenn., April 14, 2021 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's First Quarter financial results.

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's First Quarter Conference Call May 5, 2021 at 10:00 A.M. Eastern Time

Astec Industries (ASTE) is an alluring investment option backed by improving demand in end markets, positive earnings estimate revision activity and solid growth projections.

Here's Why Astec (ASTE) Stock is Worth Adding to Your Portfolio

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Manufacturing activity has been expanding on economic reopening and is expected to grow further, helping stocks like Astec Industries (ASTE), Deere & Company (DE) and ABB Ltd (ABB).

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

Astec Industries (ASTE) Up 8.4% Since Last Earnings Report: Can It Continue?

Astec Industries (ASTE) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Astec Industries (ASTE) Hits Fresh High: Is There Still Room to Run?

Astec Industries (ASTE) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Is Astec Industries (ASTE) a Solid Growth Stock? 3 Reasons to Think " Yes "

CHATTANOOGA, Tenn., March 12, 2021 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today it will participate in the Sidoti & Company Virtual Investor Conference on Thursday, March 25, 2021. Barry A. Ruffalo, President, Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer and Stephen C. Anderson, Senior Vice President of Investor Relations will present at the conference and participate in 1x1 meetings. The meetings will be held in a virtual-only format to protect the safety of meeting participants in response to the COVID-19 pandemic and related public health guidance and restrictions. The Astec presentation will take place from 8:30 – 9:00am Eastern. Those wishing to access the presentation can do so with the following link:

Astec to participate in Sidoti & Company LLC Virtual Investor Conference

Does Astec Industries (ASTE) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Momentum Investors Will Love Astec Industries (ASTE)

Focus on Simplify, Focus and Grow strategy to drive for profitable growth and improving demand in end markets make Astec Industries (ASTE) an attractive investment option.

Reasons to Add Astec Industries (ASTE) Stock to Your Portfolio

Astec Industries (ASTE) could produce exceptional returns because of its solid growth attributes.

3 Reasons Why Astec Industries (ASTE) Is a Great Growth Stock

Astec Industries (ASTE) Soars to 52-Week High, Time to Cash Out?

Astec (ASTE) reported better-than-expected fourth-quarter earnings aided by its restructuring efforts, which offset the impact of lower revenues.

Astec (ASTE) Q4 Earnings Surpass Estimates, Improve Y/Y

Astec Industries, Inc. (ASTE) CEO Barry Ruffalo on Q4 2020 Results - Earnings Call Transcript

Astec Industries (ASTE) delivered earnings and revenue surprises of 33.33% and -12.56%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Astec Industries (ASTE) Tops Q4 Earnings Estimates

Shares of Astec Industries (NASDAQ:ASTE) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share were up 40.00% year over year to $0.56, which beat the estimate of $0.42.

Recap: Astec Industries Q4 Earnings

Fourth Quarter 2020 Highlights (all comparisons are made to the prior year fourth quarter):

Astec Reports Fourth Quarter 2020 Results

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CHATTANOOGA, Tenn., Feb. 11, 2021 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's Fourth Quarter and 2020 year-end financial results.

Astec Industries, Inc. (Nasdaq: ASTE) Announces the Company's Fourth Quarter and 2020 Year-End Conference Call March 1, 2021 at 10:00 A.M. Eastern Time

CHATTANOOGA, Tenn., Jan. 06, 2021 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announces today that it will participate in the Sidoti & Company Virtual Investor Conference on Wednesday, January 13, 2021. Barry A. Ruffalo, President, Chief Executive Officer and Stephen C. Anderson, Senior Vice President of Investor Relations will participate in the conference. This event is being hosted by Sidoti & Company. The meeting will be held in a virtual-only format to protect the safety of their clients and meeting participants in response to the COVID-19 pandemic and related public health guidance and restrictions.

Astec Industries to participate at Sidoti & Company LLC Virtual Investor Conference

CHATTANOOGA, Tenn., Dec. 10, 2020 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) will hold its 2020 Investor Day virtually today with presentations by President and Chief Executive Officer Barry Ruffalo, Chief Financial Officer Becky Weyenberg, and other members of Astec's executive leadership team. During today's session, management will provide an in-depth review of the Company's strategic direction and capital allocation framework, as well as a deep dive into its Materials Solutions and Infrastructure Solutions segments. Additionally, the Company will reiterate its long-term financial goals that reflect its confidence in its ability to execute on strategic priorities to grow the business.

News for Astec Industries Stock (ASTE)