Astec Industries-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 related to goodwill impairment, compared to $0.58; Adjusted EPS of$ 0.61 compared ...