业绩总结 - 公司第二季度净销售额为3.455亿美元，较2023年第二季度下降1.3%[6] - 2024年第二季度净销售额为3.455亿美元，较2023年同期的3.500亿美元下降1.3%[43] - 2024年第二季度净亏损归属于控股权益为1400万美元，而2023年同期为1310万美元[43] - 2024年第二季度EBITDA为负440万美元，2023年同期为2350万美元，EBITDA利润率为-1.3%[43] - 调整后的EBITDA为2760万美元，较2023年同期的3220万美元下降14.3%[43] - 2024年第二季度调整后的净收入为1400万美元，较2023年同期的1990万美元下降29.4%[41] - 2024年第二季度稀释每股收益为-0.61美元，而2023年同期为0.58美元[41] - 2024年第二季度的调整后每股收益为0.61美元，较2023年同期的0.87美元下降30%[41] 用户数据 - 基础设施解决方案部门的净销售额为2.214亿美元，同比增长11.0%[11] - 材料解决方案部门的净销售额为1.241亿美元，同比下降17.7%[12] - 基础设施解决方案的订单积压为5.311亿美元，接近历史范围[7] - 材料解决方案的订单积压为2.28亿美元[15] 财务状况 - 公司调整后的EBITDA为3220万美元，调整后的EBITDA利润率为9.2%[19] - 公司总资产为11.07亿美元，总负债为3.112亿美元[27] - 现金及现金等价物为6060万美元，流动性总额为1.758亿美元[28] - 公司在第二季度的库存减少了2870万美元，下降5.9%[8] 费用与支出 - 2024年第二季度的转型计划调整费用为1110万美元，较2023年同期的760万美元增加46.1%[43] - 2024年第二季度的重组及相关费用为90万美元，较2023年同期的40万美元增加125%[43] - 2024年第二季度的商誉减值为2020万美元，2023年同期无此项费用[41] 股息信息 - 公司在第二季度支付了每股0.13美元的股息[30]

财务表现 - 第二季度销售额为3.455亿美元，同比下降1.3%[1][2] - 2024年第二季度收入为3.455亿美元，同比下降1.3%[31] - 2024年上半年收入为6.547亿美元，同比下降6.2%[37] - 2024年上半年净销售额为6.547亿美元，同比下降6.2%[58] 分部业绩 - 基础设施解决方案分部销售额增长11%，但材料解决方案分部销售额下降17.7%[9][10] - 基础设施解决方案分部收入为2.214亿美元，同比增长11.0%[31] - 材料解决方案分部收入为1.241亿美元，同比下降17.7%[31] - 基础设施解决方案分部调整后EBITDA为2720万美元，同比增长5.8%[32] - 材料解决方案分部调整后EBITDA为1020万美元，同比下降44.3%[32] - 基础设施解决方案分部上半年收入为4.236亿美元，同比增长2.1%[37] - 材料解决方案分部上半年收入为2.311亿美元，同比下降18.3%[37] 盈利能力 - 每股摊薄亏损0.61美元，其中包括每股0.89美元的商誉减值影响[1] - 2024年上半年调整后营业利润为3.34亿美元，同比下降38.9%[59] - 2024年上半年调整后每股收益为0.96美元，同比下降45.8%[62] - 2024年上半年调整后EBITDA为4.65亿美元，同比下降31.0%[68] 现金流与财务状况 - 存货减少2870万美元[1] - 总流动性为1.758亿美元，包括6060万美元现金和1.152亿美元可用信贷额度[11] - 2024年6月30日现金及受限现金为6320万美元[43] - 2024年6月30日存货净额为4.553亿美元[43] - 2024年上半年经营活动产生的现金流为-4.4百万美元,同比下降不及预期[58,59] - 2024年上半年融资活动产生的现金流为4.95亿美元,主要是借款所致[58] 订单情况 - 订单总额环比增加5.9%[3] - 2024年6月30日的订单总额为5.311亿美元[1] - 联邦公路建设资金仅有20%已经支付，38%已承诺[1] 战略转型 - 正在进行为期多年的标准化ERP系统实施项目，预计总成本为1.8亿至2亿美元[13][14] - 公司正在执行战略转型计划,包括实施统一的企业资源规划系统和精益制造举措[52] - 2024年第二季度进行了裁员和组织重组,计提了900万美元的相关费用[53] - 2023年第二季度公司出售了部分资产,获得了100万美元的净收益[56]

Second Quarter 2024 Overview (all comparisons are made to the corresponding prior year second quarter unless otherwise specified): Net sales of $345.5 million decreased 1.3% from the record sales in the prior year.Implied orders increased 5.9% sequentially from the first quarter.Inventory initiatives drove $28.7 million sequential reduction from the first quarter.Diluted EPS of $(0.61), which included an $0.89 per share impact related to goodwill impairment, compared to $0.58; Adjusted EPS of $0.61 compared ...

CHATTANOOGA, Tenn., July 29, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on or about August 30, 2024 to shareholders of record as of the close of business on August 12, 2024. About ASTEC Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business ...

CHATTANOOGA, Tenn., July 15, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's second quarter 2024 financial results. Astec Industries, Inc. will be releasing the company's second quarter results to the wire service on Wednesday, August 7, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, August 7, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Offi ...

CHATTANOOGA, Tenn., July 15, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company’s second quarter 2024 financial results. Astec Industries, Inc. will be releasing the company’s second quarter results to the wire service on Wednesday, August 7, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, August 7, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Offi ...

Investors in Astec Industries, Inc. (ASTE) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $22.5 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

CHATTANOOGA, Tenn., June 24, 2024 (GLOBE NEWSWIRE) --  The Rosen Law Firm, P.A. announces that the United States District Court for the Eastern District of Tennessee has approved the following announcement of a proposed class action settlement that would benefit purchasers of publicly-traded Astec Industries, Inc. common stock (NASDAQ: ASTE): SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT TO:        ALL PERSONS WHO PURCHASED PUBLICLY-TRADED ASTEC INDUSTRIES, INC. (“ASTEC”) COMMON STOCK BETW ...

CHATTANOOGA, Tenn. , May 29, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today it will participate in the Stifel 2024 Cross Sector Insight Conference on June 4th and 5th, 2024. Jaco van der Merwe, President and Chief Executive Officer, Heinrich Jonker, Interim Chief Financial Officer and Stephen C. Anderson, Senior Vice President of Investor Relations will present at the conference and participate in 1x1 meetings. The ASTEC presentation will take place from 4:45 to 5:15 P.M. Eas ...

Astec Industries, Inc. (ASTE) reported first-quarter 2024 adjusted earnings per share of 34 cents, missing the Zacks Consensus Estimate of 87 cents. The bottom line also marked a 62% decline from earnings per share of 90 cents in the prior-year quarter.Including one-time items, the company’s earnings of 15 cents per share in the quarter under review compared with earnings of 53 cents in the year-ago quarter.Revenues & BacklogAstec’s revenues decreased 11.1% year over year to $309 million in the quarter unde ...