Astec (ASTE) Earnings Beat Estimates in Q4, Revenues Dip Y/Y

Astec Industries, Inc. (ASTE) reported fourth-quarter 2023 adjusted earnings per share of 90 cents, beating the Zacks Consensus Estimate of earnings of 62 cents. The company reported adjusted earnings of 34 cents per share in the prior-year quarter.Including one-time items, the company reported earnings of 65 cents in the quarter under review against a loss of 4 cents per share in the year-ago quarter.Revenues & BacklogAstec’s revenues decreased 3.6% year over year to $337 million in the quarter under revie ...