Astec Industries, Inc. (NASDAQ:ASTE) Q4 2023 Earnings Conference Call February 28, 2024 8:30 AM ET Company Participants Steve Anderson - Senior VP of Administration and IR Jaco Merwe - CEO Becky Weyenberg - CFO Conference Call Participants Joe Grabowski - R.W. Baird Larry De Maria - William Blair Brian Sponheimer - Gabelli Funds Operator Hello and welcome to the Astec Industries Fourth Quarter and Full Year 2023 Earnings Call. As a reminder, this conference call is being recorded. It is my pleasure to intro ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 other ...

For the quarter ended December 2023, Astec Industries (ASTE) reported revenue of $337.2 million, down 3.6% over the same period last year. EPS came in at $0.90, compared to $0.34 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $353.08 million, representing a surprise of -4.50%. The company delivered an EPS surprise of +45.16%, with the consensus EPS estimate being $0.62.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

NEWS RELEASE ASTEC REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Fourth Quarter and Full Year 2023 Overview (all comparisons are made to the corresponding prior year fourth quarter or prior year, as applicable): • Net sales decreased 3.6% to $337.2 million in the quarter. Full year net sales increased 5.0% to $1.3 billion. • Gross margin of 26.4% increased 610 basis points in the quarter. Full year gross margin of 24.7% increased 400 basis points. • Diluted EPS of $0.65 compared to $(0.04) in the quarte ...

CHATTANOOGA, Tenn., Feb. 26, 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 March 29, 2024, to shareholders of record as of the close of business on March 11, 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., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces a conference call to review the company’s fourth quarter and full year 2023 financial results. Astec Industries, Inc. will release the company’s fourth quarter and full year 2023 results to the wire service on Wednesday, February 28, 2024, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, February 28, 2024, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Execu ...

CHATTANOOGA, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces a conference call to review the company's fourth quarter and full year 2023 financial results. Astec Industries, Inc. will release the company's fourth quarter and full year 2023 results to the wire service on Wednesday, February 28, 2024, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, February 28, 2024, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Execu ...

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 September 30, 2023 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 ...

Astec Industries, Inc. (NASDAQ:ASTE) Q3 2023 Earnings Conference Call November 1, 2023 8:30 AM ET Company Participants Steve Anderson - Senior VP of Administration, Investor Relations & Corporate Secretary Jaco Merwe - CEO, President & Director Becky Weyenberg - Chief Financial Officer Conference Call Participants Stanley Elliott - Stifel Equity Research Group Mig Dobre - Robert W. Baird & Co, Inc. Steve Ferazani - Sidoti Larry Maria - William Blair & Company Operator Hello and welcome to the Astec Industri ...

Third Quarter Earnings Safe Harbor Certain statements contained in this presentation contain forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, income, earnings, cash flows, changes in operations, operating improvements, businesses in which we operate and the United States and global economies. Statements in the presen ...