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 BETWEEN JULY ...

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 & Backlog Astec’s revenues decreased 11.1% year over year to $309 million in the quarter u ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-11595 Astec Industries, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0873631 (State or ...

财务数据和关键指标变化 - 净销售额下降11.1%至3.092亿美元,主要由于材料解决方案部门的融资能力限制和产品转换较慢,以及基础设施解决方案部门的供应链延迟 [21] - 调整后EBITDA下降46.3%至1,890万美元,调整后EBITDA利润率下降400个基点至6.1%,主要由于销量下降导致制造效率下降和其他期间成本 [22] - 调整后每股收益下降62.2%至0.34美元 [23] 各条业务线数据和关键指标变化 基础设施解决方案 - 净销售额下降6.2%至2.022亿美元,主要由于特定供应链问题,但部分被零件销售增加所抵消 [24] - 分部经营调整后EBITDA利润率下降50个基点至12.7% [24] 材料解决方案 - 净销售额下降19.1%至1.07亿美元,主要由于设备销售下降,归因于承包商和经销商的融资能力限制和产品转换较慢 [25] - 分部经营调整后EBITDA利润率下降600个基点至5% [25] 各个市场数据和关键指标变化 - 美国国内销售下降13.5%,国际销售下降0.9% [21] - 设备销售下降18.6%,零件销售增加10.3% [21] 公司战略和发展方向及行业竞争 - 公司推出新的战略框架,以"赋能、赋能和参与的员工"、"以客户为中心的行业变革性创新"为三大支柱 [9][10][11] - 公司在2024年世界沥青/Agg1展会上推出了多款新产品,包括利用再生沥青的ReMix CCPR系统、提高筛分性能的Vari-Frequency Screen Technology等,受到客户好评 [17] - 公司面临来自大型竞争对手的价格竞争,主要体现在提供长期0利率的贷款优惠,公司正在采取措施应对 [71][72] 管理层对经营环境和未来前景的评论 - 基础设施解决方案业务前景向好,预计将持续强劲需求 [30][31] - 材料解决方案业务前景短期内面临挑战,公司已采取成本优化措施 [40][41] - 公司对2024年全年收入持平至单位数增长的目标保持信心 [35][36][37][50] - 公司看好未来几年的创新产品带来的增长机会 [47] 问答环节重要的提问和回答 问题1 **Stanley Elliott 提问** 询问公司在第一季度的业务进展情况,以及4月份的表现 [34][35] **Jaco van der Merwe 回答** 材料解决方案业务低于预期,但基础设施解决方案业务,特别是沥青和混凝土设备订单强劲,4月份表现良好 [35][36][37][50] 问题2 **Mig Dobre 提问** 询问公司全年收入持平至单位数增长的目标是否可实现,考虑到第一季度订单和交货量的情况 [45][46][48][49] **Jaco van der Merwe 回答** 公司4月份沥青和混凝土设备订单强劲,加上新产品投放,有信心实现全年目标 [50][51] 问题3 **Stephen Ferazani 提问** 询问公司在第一季度遇到的供应链挑战是否会持续,以及公司采取的应对措施 [59][60] **Jaco van der Merwe 回答** 这是一个特定的电子元件供应问题,公司已经找到替代供应商,未来几个季度内将得到解决 [60][61][62]

NEWS RELEASE ASTEC REPORTS FIRST QUARTER 2024 RESULTS 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. ...

CHATTANOOGA, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's first quarter 2024 financial results. Astec Industries, Inc. will be releasing the company's first quarter results to the wire service on Wednesday, May 1, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, May 1, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, He ...

CHATTANOOGA, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company’s first quarter 2024 financial results. Astec Industries, Inc. will be releasing the company’s first quarter results to the wire service on Wednesday, May 1, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, May 1, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, He ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks ...

One stock that might be an intriguing choice for investors right now is Astec Industries, Inc. (ASTE) . This is because this security in the Manufacturing - Construction and Mining space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably ...