Astec Reports Second Quarter 2024 Results
ASTEAstec Industries(ASTE) GlobeNewswire News Room·2024-08-07 19:01

Second Quarter 2024 Overview (all comparisons are made to the corresponding prior year second quarter unless otherwise specified): Net sales of 345.5milliondecreased1.3345.5 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),whichincludedan(0.61), which included an 0.89 per share impact related to goodwill impairment, compared to 0.58;AdjustedEPSof0.58; Adjusted EPS of 0.61 compared ...