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Stock impact report

Astec Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Astec Industries, Inc. (ASTE) 
Last astec industries, inc. earnings: 3/3 07:57 pm Check Earnings Report
US:NASDAQ Investor Relations: astecindustries.com/investor-relations.html
Company Research Source: Yahoo! Finance
Net sales decreased to $337.2 million in the quarter. Full year net sales increased to $1.3 billion Gross margin of increased 610 basis points in the quarter. Full year gross margin of increased 400 basis points Diluted EPS of compared to in the quarter; Adjusted EPS of compared to in the quarter. Full year diluted EPS of compared to ; full year Adjusted EPS of compared to Backlog of $569.8 million as of December 31, 2023 continued to normalize from $969.0 million peak at September 30, 2022. Implied orders increased 27.6% sequentially from the third quarter. CHATTANOOGA, Tenn., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for the fourth quarter and full year ended December 31, 2023. "Our solid fourth quarter results conclude a year of progress on our key strategic and operational initiatives. We were able to deliver full-year net sales growth, continued operating margin enhancement and increased earnings p Show less Read more
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