| --- | --- | --- | |---------------------------------------------------------|-------|-------| | | | | | Second Quarter Earnings BUILT TO CONNECT August 7, 2024 | | | | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

GAAP Adjusted NEWS RELEASE ASTEC REPORTS SECOND QUARTER 2024 RESULTS Second Quarter 2024 Overview (all comparisons are made to the corresponding prior year second quarter unless otherwise specified): • Net sales of $345.5 million decreased 1.3% from the record sales in the prior year. • Implied orders increased 5.9% sequentially from the first quarter. • Inventory initiatives drove $28.7 million sequential reduction from the first quarter. • Diluted EPS of $(0.61), which included an $0.89 per share impact r ...

Second Quarter 2024 Overview (all comparisons are made to the corresponding prior year second quarter unless otherwise specified): Net sales of $345.5 million decreased 1.3% from the record sales in the prior year.Implied orders increased 5.9% sequentially from the first quarter.Inventory initiatives drove $28.7 million sequential reduction from the first quarter.Diluted EPS of $(0.61), which included an $0.89 per share impact related to goodwill impairment, compared to $0.58; Adjusted EPS of $0.61 compared ...

CHATTANOOGA, Tenn., July 29, 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 August 30, 2024 to shareholders of record as of the close of business on August 12, 2024. About ASTEC Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business ...

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. will be releasing the company's second quarter results to the wire service on Wednesday, August 7, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, August 7, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Offi ...

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. will be releasing the company’s second quarter results to the wire service on Wednesday, August 7, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, August 7, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Offi ...

Investors in Astec Industries, Inc. (ASTE) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $22.5 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

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): SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT TO:        ALL PERSONS WHO PURCHASED PUBLICLY-TRADED ASTEC INDUSTRIES, INC. (“ASTEC”) COMMON STOCK BETW ...

CHATTANOOGA, Tenn. , May 29, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today it will participate in the Stifel 2024 Cross Sector Insight Conference on June 4th and 5th, 2024. Jaco van der Merwe, President and Chief Executive Officer, Heinrich Jonker, Interim Chief Financial Officer and Stephen C. Anderson, Senior Vice President of Investor Relations will present at the conference and participate in 1x1 meetings. The ASTEC presentation will take place from 4:45 to 5:15 P.M. Eas ...

Astec Industries, Inc. (ASTE) reported first-quarter 2024 adjusted earnings per share of 34 cents, missing the Zacks Consensus Estimate of 87 cents. The bottom line also marked a 62% decline from earnings per share of 90 cents in the prior-year quarter.Including one-time items, the company’s earnings of 15 cents per share in the quarter under review compared with earnings of 53 cents in the year-ago quarter.Revenues & BacklogAstec’s revenues decreased 11.1% year over year to $309 million in the quarter unde ...