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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

CHATTANOOGA, Tenn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today it will participate in the Baird Global Industrial Conference on November 14, 2024. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer and Steve Anderson, Senior Vice President of Investor Relations will attend the conference.

Astec to participate in Baird's 2024 Global Industrial Conference

Astec Industries, Inc. (NASDAQ:ASTE ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Steve Anderson - SVP of Administration and IR Jaco van der Merwe - President and CEO Brian Harris - CFO Heinrich Jonker - VP of Finance Conference Call Participants Joe Grabowski - Baird Steve Ferazani - Sidoti Operator Hello and welcome to the Astec Industries Third Quarter 2024 Earnings Call. As a reminder, this conference call is being recorded.

Astec Industries, Inc. (ASTE) Q3 2024 Earnings Conference Call Transcript

Third Quarter 2024 Overview (all comparisons are made to the corresponding prior year third quarter unless otherwise specified):

Astec Reports Third Quarter 2024 Results

Despite Astec Industries' attractive pricing, ongoing financial instability and declining profitability justify maintaining a 'sell' rating until signs of recovery emerge. Revenue and profits have declined, with a significant net loss and reduced operating cash flow, highlighting the company's deteriorating financial condition. The backlog continues to shrink, indicating persistent challenges, though analysts foresee potential improvement in upcoming financial results.

Astec Industries: Still Driving Down An Ugly Path

CHATTANOOGA, Tenn., Oct. 24, 2024 (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 November 27, 2024 to shareholders of record as of the close of business on November 13, 2024.

Astec Announces Quarterly Dividend

CHATTANOOGA, Tenn., Oct. 10, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's third quarter 2024 financial results.

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's Third Quarter Conference Call on November 6, 2024 at 8:30 A.M. Eastern Time

CHATTANOOGA, Tenn., Sept. 13, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced Jaco van der Merwe (Chief Executive Officer), Heinrich Jonker (Interim Chief Financial Officer) and Steve Anderson (Senior Vice President of Administration and Investor Relations), will present and host one-on-one meetings with investors at the Sidoti Small-Cap Virtual Investor Conference, taking place on September 19, 2024.

Astec Industries, Inc. (NASDAQ: ASTE) to Present at Sidoti Small-Cap Virtual Investor Conference on September 19, 2024 at 10:00 A.M. Eastern Daylight Time

Astec Industries, Inc. (NASDAQ:ASTE ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Steve Anderson – Senior Vice President of Administration and Investor Relations Jaco van der Merwe – President and Chief Executive Officer Heinrich Jonker – Interim Chief Financial Officer Conference Call Participants Mig Dobre – Baird Stephen Ferazani – Sidoti Operator Hello, and welcome to Astec Industries Second Quarter Earnings Call. As a reminder, this conference call is being recorded.

Astec Industries, Inc. (ASTE) Q2 2024 Earnings Call Transcript

Second Quarter 2024 Overview (all comparisons are made to the corresponding prior year second quarter unless otherwise specified):

Astec Reports Second Quarter 2024 Results

CHATTANOOGA, Tenn., July 15, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's second quarter 2024 financial results.

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's Second Quarter Conference Call on August 7, 2024 at 8:30 A.M. Eastern Time

LOS ANGELES, CA / ACCESSWIRE / June 28, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Encourages Investors In Astec Industries Inc With Losses Of $100,000 To Establish Communication

LOS ANGELES, CA / ACCESSWIRE / June 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Urges Investors In Astec Industries Inc With Losses Of $100,000 To Initiate Contact

LOS ANGELES, CA / ACCESSWIRE / June 25, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Encourages Investors In Astec Industries Inc With Losses Of $100,000 To Initiate Contact

Investors need to pay close attention to Astec (ASTE) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Astec (ASTE) Stock?

LOS ANGELES, CA / ACCESSWIRE / June 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Urges Investors In Astec Industries Inc With Losses Of $100,000 To Establish Communication

CHATTANOOGA, Tenn., June 24, 2024 (GLOBE NEWSWIRE) --  The Rosen Law Firm, P.A. announces that the United States District Court for the Eastern District of Tennessee has approved the following announcement of a proposed class action settlement that would benefit purchasers of publicly-traded Astec Industries, Inc. common stock (NASDAQ: ASTE):

The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Publicly-Traded Astec Industries, Inc. Common Stock - ASTE

LOS ANGELES, CA / ACCESSWIRE / June 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Encourages Investors In Astec Industries Inc With Losses Of $100,000 To Make Contact

LOS ANGELES, CA / ACCESSWIRE / June 22, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Urges Investors In Astec Industries Inc With Losses Of $100,000 To Reach Out

LOS ANGELES, CA / ACCESSWIRE / June 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Is Encouraging Investors In Astec Industries Inc Who Have Incurred Losses Of $100,000 To Make Contact

LOS ANGELES, CA / ACCESSWIRE / June 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Is Urging Investors In Astec Industries Inc Who Have Suffered Losses Of $100,000 To Reach Out

LOS ANGELES, CA / ACCESSWIRE / June 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Is Urging Investors In Astec Industries, Inc., Who Have Suffered Losses Of $100,000, To Reach Out

LOS ANGELES, CA / ACCESSWIRE / June 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Is Encouraging Investors In Astec Industries, Inc., Who Have Experienced Losses Of $100,000, To Connect

LOS ANGELES, CA / ACCESSWIRE / June 7, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Is Encouraging Investors In Astec Industries, Inc., Who Have Incurred Losses Of $100,000, To Make Contact

LOS ANGELES, CA / ACCESSWIRE / June 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Investors In Astec Industries, Inc. With Losses Of $100,000: The Schall Law Firm Urges You To Reach Out

LOS ANGELES, CA / ACCESSWIRE / June 5, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Astec Industries, Inc. ("Astec" or "the Company") (NASDAQ:ASTE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

News for Astec Industries Stock (ASTE)