UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-11595 Astec Industries, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0873631 (State or ...

Astec Industries, Inc. (NASDAQ:ASTE) Q1 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Steve Anderson - Senior VP of Administration and IR Jaco van der Merwe - CEO Heinrich Jonker - Interim CFO Conference Call Participants Stanley Elliott - Stifel Mig Dobre - Baird Stephen Ferazani - Sidoti Brian Sponheimer - Gabelli Funds Operator Hello, and welcome to Astec Industries First Quarter Earnings Call. As a reminder, this conference call is being recorded. It is my pleasure to introdu ...

NEWS RELEASE ASTEC REPORTS FIRST QUARTER 2024 RESULTS First Quarter 2024 Overview (all comparisons are made to the corresponding prior year first quarter unless otherwise specified): • Implied orders increased 2.4% sequentially from the fourth quarter. • Backlog of $559.8 million as of March 31, 2024 approaching historical range. • Net sales decreased 11.1% to $309.2 million. • Gross margin of 24.9% decreased 70 basis points. • Diluted EPS of $0.15 compared to $0.53; Adjusted EPS of $0.34 compared to $0.90. ...

CHATTANOOGA, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's first quarter 2024 financial results. Astec Industries, Inc. will be releasing the company's first quarter results to the wire service on Wednesday, May 1, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, May 1, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, He ...

CHATTANOOGA, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company’s first quarter 2024 financial results. Astec Industries, Inc. will be releasing the company’s first quarter results to the wire service on Wednesday, May 1, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, May 1, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, He ...

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One stock that might be an intriguing choice for investors right now is Astec Industries, Inc. (ASTE) . This is because this security in the Manufacturing - Construction and Mining space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably ...

The Zacks Manufacturing - Construction and Mining industry is well positioned to gain from the stepped-up infrastructure investment spending in the United States and solid demand from the mining sector, fueled by the energy transition trend. Indications of easing supply-chain issues raise optimism.Players like Caterpillar Inc. (CAT) , Komatsu (KMTUY) , H&E Equipment Services (HEES) and Astec Industries, Inc. (ASTE) are likely to ride on the demand trends. These stocks are likely to benefit from efforts to b ...

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Astec Industries, Inc. (ASTE) reported fourth-quarter 2023 adjusted earnings per share of 90 cents, beating the Zacks Consensus Estimate of earnings of 62 cents. The company reported adjusted earnings of 34 cents per share in the prior-year quarter.Including one-time items, the company reported earnings of 65 cents in the quarter under review against a loss of 4 cents per share in the year-ago quarter.Revenues & BacklogAstec’s revenues decreased 3.6% year over year to $337 million in the quarter under revie ...