Astec Industries(ASTE) - 2024 Q2 - Quarterly Results

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 ...