Astec Reports First Quarter 2024 Results
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: GlobeNewswire
First Quarter 2024 Overview (all comparisons are made to the corresponding prior year first quarter unless otherwise specified): Implied orders increased 2.4% sequentially from the fourth quarter.Backlog of $559.8 million as of March 31, 2024 approaching historical range.Net sales decreased 11.1% to $309.2 million. Gross margin of 24.9% decreased 70 basis points. Diluted EPS of $0.15 compared to $0.53; Adjusted EPS of $0.34 compared to $0.90. Federal highway and pavement contract awards increased 11% year-over-year.Record attendance at 2024 World of Asphalt/Agg1 trade show, with high levels of interest in equipment and digital solutions. CHATTANOOGA, Tenn., May 01, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for the first quarter ended March 31, 2024. “Despite a difficult first quarter, we remain optimistic for the year. We anticipate Materials Solutions softness to be offset by a strong Infrastructure Sol
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ASTE
News
- SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Astec Industries, Inc. with Losses of $100,000 to Contact the FirmAccesswire
- IMPORTANT INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Astec Industries, Inc. with Losses of $100,000 to Contact the FirmAccesswire
- Astec (ASTE) Q1 Earnings Miss Estimates, Revenues Dip Y/Y [Yahoo! Finance]Yahoo! Finance
- Astec Industries, Inc. Just Missed Earnings - But Analysts Have Updated Their Models [Yahoo! Finance]Yahoo! Finance
- Astec Industries, Inc. (NASDAQ: ASTE) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
ASTE
Earnings
- 5/1/24 - Miss
ASTE
Sec Filings
- 5/8/24 - Form 4
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 4
- ASTE's page on the SEC website