Here's What Key Metrics Tell Us About Astec Industries (ASTE) Q4 Earnings

Core Insights - Astec Industries reported revenue of $337.2 million for the quarter ended December 2023, a decrease of 3.6% year-over-year [1] - The earnings per share (EPS) was $0.90, significantly higher than $0.34 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $353.08 million, resulting in a surprise of -4.50% [1] - The company achieved an EPS surprise of +45.16%, with the consensus EPS estimate being $0.62 [1] Revenue Breakdown - Corporate and Other revenues were reported at $1.80 million, exceeding the two-analyst average estimate of $1.65 million [2] - Infrastructure Group revenues reached $240 million, slightly below the two-analyst average estimate of $247.05 million, reflecting a year-over-year increase of +0.7% [2] - Materials Solutions revenues were $95.40 million, significantly lower than the $117.84 million average estimate, marking a year-over-year decline of -13.1% [2] Stock Performance - Astec Industries' shares have returned +1.3% over the past month, compared to a +4% change in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]