Astec Industries(ASTE) - 2023 Q4 - Annual Results

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 ...