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.

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.

Astec strengthens sustainability commitment joining NAPA Climate Initiative

CHATTANOOGA, Tenn., Oct. 03, 2022 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's third quarter 2022 financial results.

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's Third Quarter Conference Call on November 2, 2022 at 8:30 A.M. Eastern Time

CHATTANOOGA, Tenn., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) is celebrating 50 years of designing and manufacturing heavy equipment used to build the infrastructure that connects family, friends and communities. Founded on August 9, 1972, by Dr. J. Don Brock, along with friends Norm Smith, Al Guth, Gail Mize and Mike Uchytil, the company has grown into a global, billion-dollar manufacturer of equipment for road building and construction related projects.

Astec Celebrates 50 Years of Manufacturing Heavy Equipment that Connects the World

Astec (ASTE) Q2 top line improves year over year on increased equipment and parts sales in both the segments in the domestic market, while the bottom line is hurt by inflationary pressures.

Astec (ASTE) Q2 Earnings Lag Estimates, Revenues Up Y/Y

CHATTANOOGA, Tenn., Aug. 03, 2022 (GLOBE NEWSWIRE) -- To celebrate 50 years of designing and manufacturing heavy equipment used to build the infrastructure that connects the world, Astec Industries, Inc. (NASDAQ: ASTE) today announced company President and CEO Barry Ruffalo will ring the Nasdaq Stock Market opening bell on August 9, 2022 at 9:30 a.m. ET. Ruffalo will be joined by members of Astec's executive team to commemorate the anniversary.

Astec to Ring Nasdaq Opening Bell to Celebrate 50th Anniversary

Astec Industries, Inc. (NASDAQ:ASTE ) Q2 2022 Earnings Conference Call August 2, 2022 8:30 AM ET Company Participants Steve Anderson - SVP and IR Barry Ruffalo - CEO Becky Weyenberg - CFO Conference Call Participants Stanley Elliott - Stifel Brian Sponheimer - Gabelli Operator Good morning, my name is Dennis and I will be your conference operator today. At this time, I would like to welcome everyone to the Astec Second Quarter 2022 Earnings Conference Call.

Astec Industries, Inc. (ASTE) CEO Barry Ruffalo on Q2 2022 Results - Earnings Call Transcript

Astec Industries (ASTE) delivered earnings and revenue surprises of -62% and 2.82%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Astec Industries (ASTE) Q2 Earnings Lag Estimates

Second Quarter 2022 Highlights (all comparisons are made to the prior year second quarter):

Astec Reports Second Quarter 2022 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.

Astec Industries (ASTE) Reports Next Week: Wall Street Expects Earnings Growth

CHATTANOOGA, Tenn., July 19, 2022 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's second quarter 2022 financial results.

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's Second Quarter Conference Call on August 2, 2022 at 8:30 A.M. Eastern Time

CHATTANOOGA, Tenn., May 23, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today it will participate in the Stifel 2022 Cross Sector Insight Conference on Wednesday, June 8, 2022. Barry A. Ruffalo, President and Chief Executive 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. The ASTEC presentation will take place from 10:55 AM to 11:25 AM Eastern time. Those wishing to access the presentation can do so with the following link:

Astec to participate in the Stifel 2022 Cross Sector Insight Conference

The mean of analysts' price targets for Astec Industries (ASTE) points to a 94.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Astec Industries (ASTE) Could Rally 95%: Here's is How to Trade

Astec Industries, Inc. (NASDAQ:ASTE ) Q1 2022 Earnings Conference Call May 4, 2022 8:30 AM ET Company Participants Steve Anderson - Senior Vice President, Administration and Investor Relations Barry Ruffalo - President and Chief Executive Officer Becky Weyenberg - Chief Financial Officer Conference Call Participants Joe Grabowski - Robert W. Baird & Co, Inc. Steve Ferazani - Sidoti & Company Operator Good day, and thank you for standing by welcome to the Astec reports First Quarter 2022 results call.

Astec Industries, Inc. (ASTE) CEO Barry Ruffalo on Q1 2022 Results - Earnings Call Transcript

Astec Industries (ASTE) delivered earnings and revenue surprises of 141.18% and 1.33%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Astec Industries (ASTE) Q1 Earnings Top Estimates

First Quarter 2022 Highlights (all comparisons are made to the prior year first quarter):

Astec Reports First Quarter 2022 Results

Earnings Preview: Astec Industries (ASTE) Q1 Earnings Expected to Decline

CHATTANOOGA, Tenn., April 25, 2022 (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 4, 2022 at 8:30 A.M. Eastern Time

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

Astec Industries (ASTE) Down 7% Since Last Earnings Report: Can It Rebound?

Astec's (ASTE) latest acquisition strengthens digital platform across its Rock-to-Road value chain through Astec Controls and Grathwol Automation.

Astec (ASTE) to Buy MINDS Automation, Expand Asphalt Production

CHATTANOOGA, Tenn., March 23, 2022 (GLOBE NEWSWIRE) -- Astec Industries (NASDAQ: ASTE) announces entering into a definitive agreement to acquire MINDS Automation Group Inc. (MINDS), a leader in plant automation control systems and cloud-based data management in the asphalt industry. MINDS, headquartered in British Columbia, Canada, has locations in the U.S., United Kingdom, France, and Belgium. The company develops user-friendly, advanced, customizable plant automation control systems for drum, batch, combo/hybrid hot mix plants, emulsion plants, liquid terminals, silo load-out, ticketing and data management for the asphalt industry.

Astec Builds on Technology Platform With Acquisition of Minds Automation Group Inc.

CHATTANOOGA, Tenn., March 15, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today it will participate in the Sidoti Virtual Conference on Wednesday, March 23, 2022. Barry A. Ruffalo, President and 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. The ASTEC presentation will take place from 1:00 to 1:30 P.M. Eastern time. Those wishing to access the presentation can do so with the following link:

Astec to participate in Sidoti Virtual Conference

Astec (ASTE) Q4 top line increases year over year on pricing initiatives, stronger asphalt plant and concrete plant sales as well as increased aftermarket parts sales.

Astec (ASTE) Q4 Earnings Lags Estimates, Revenues Up Y/Y

Astec Industries, Inc. (ASTE) CEO Barry Ruffalo on Q4 2021 Results - Earnings Call Transcript

Astec Industries (ASTE) delivered earnings and revenue surprises of -400% and 0.05%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Astec Industries (ASTE) Reports Q4 Loss, Lags Revenue Estimates

Fourth Quarter 2021 Highlights (all comparisons are made to the prior year fourth quarter):

News for Astec Industries Stock (ASTE)