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 ...

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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 ...

制造业-建筑和采矿行业趋势 - 制造业-建筑和采矿行业受益于美国基础设施投资支出增加和矿业部门的强劲需求[1] - Caterpillar Inc.、Komatsu、H&E Equipment Services和Astec Industries, Inc.等公司有望受益于市场需求趋势[2] - 行业参与者正在投资数字化倡议，如人工智能、云计算、高级分析和机器人技术[7] 行业前景和表现 - 行业前景看好，Zacks行业排名显示制造业-建筑和采矿行业处于较好位置[8] - 行业在过去一年中表现优于Zacks S&P 500综合指数和其部门[12] - 行业目前的企业价值/EBITDA（EV/EBITDA）F12M比率为11.06，低于S&P 500的12.31和工业产品部门的18.70[13] 公司业绩和股票表现 - Komatsu的股票在过去三个月中上涨了17.5%，公司的盈利预期也在增长[16] - H&E Equipment Services在2023年实现了创纪录的营收，公司的股票在过去三个月中上涨了28%[17] - Caterpillar在过去12个季度中实现了营收和盈利的年度增长，公司的股票在过去三个月中上涨了32.3%[19] - Astec公司通过其OneASTEC业务模式取得进展，股票在过去三个月中上涨了28%[22]

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财务表现 - Astec Industries, Inc. (ASTE)报告2023年第四季度调整后每股收益为90美分，超过了62美分的Zacks共识估计[1] - 公司报告的季度收益为65美分，而去年同期为每股亏损4美分[2] - Astec的营收在审计季度同比下降3.6%，达到3.37亿美元，未达到Zacks共识估计的3.53亿美元。国内销售同比增长1.5%，而国际销售下降了24.7%[3] - 销售成本在第四季度同比下降11%，达到2.48亿美元。毛利润为8.9亿美元，而去年同期为7.1亿美元。毛利率为26.4%，而去年同期为20.3%[5] - 公司报告的调整后营业收入为2.63亿美元，较去年同期的1.47亿美元增长。调整后的营业利润率为7.8%，而去年同期为4.2%[6] - 调整后的EBITDA为3.3亿美元，高于去年同期的2.2亿美元。调整后的EBITDA利润率为9.7%，而去年为6.3%[7] 订单情况 - Astec报告的订单备货额为2.03亿美元，较2023年12月31日的同比下降了37.6%[3] - 国内订单备货额同比下降41.8%，至4.5亿美元，而国际订单备货额增长了14.1%，达到1.2亿美元[4] 部门表现 - 基础设施解决方案部门的营收同比增长0.7%，达到2.4亿美元。该部门的调整后EBITDA为3.53亿美元，较去年同期增长52.8%[8] - 材料解决方案部门的总营收为9500万美元，较去年同期下降13.1%。该部门的调整后EBITDA为890万美元，同比下降8.2%[9] 财务总结 - Astec在2023年底的现金、现金等价物和受限现金为6千3百万美元，较2022年底的6千6百万美元略有下降。公司的长期债务为7千2百万美元，较2022年底的7千8百万美元有所减少[10] - Astec报告2023年调整后每股收益为2.67美元，较去年的1.23美元增长。收益超过了Zacks共识估计的2.39美元[11] - 销售同比增长5%，达到13.4亿美元。营收略低于Zacks共识估计的13.5亿美元[12]