Astec: ERP Implementation, Transformative Efforts, And New Products Imply Undervaluation [Seeking Alpha]
Astec Industries, Inc. (ASTE)
Last astec industries, inc. earnings: 3/3 07:57 pm
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US:NASDAQ Investor Relations:
astecindustries.com/investor-relations.html
Company Research
Source: Seeking Alpha
The company's diversification in equipment and solutions for road construction and industrial applications positions it well in the market. The launch of two new products in 2023 may contribute to significant net sales growth. Astec Industries, Inc. ( NASDAQ: ASTE ) recently announced new implementation of the ERP system for the years 2024 and 2025, which may accelerate future FCF margin growth in the coming years. I also believe that the recent increase in restructuring efforts announced, and the two new products launched in 2024 could bring significant net sales growth. The cyclical nature of the sector, changes in the price of certain commodities, or failed projects with governments are clear risks. With that, ASTE stock appears cheap at the current price mark. Astec Industries Astec industries designs and manufactures equipment and components used in the construction of asphalt and concrete roads, covering all phases of the process. In addition, it provides solutions for
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ASTE
News
- Astec Announces Quarterly DividendGlobeNewswire
- Astec Industries' (NASDAQ:ASTE) earnings have declined over three years, contributing to shareholders 42% loss [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Astec Industries, Inc. with Losses to Contact the FirmAccesswire
- IMPORTANT INVESTOR ALERT: The Schall Law Firm Encourages Investors in Astec Industries, Inc. with Losses to Contact the FirmAccesswire
- Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s First Quarter Conference Call on May 1, 2024 at 8:30 A.M. Eastern TimeGlobeNewswire
ASTE
Earnings
- 2/28/24 - Beat
ASTE
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- ASTE's page on the SEC website