ASTE Astec Industries Inc.

Astec Announces Quarterly Dividend

Astec Announces Quarterly Dividend

CHATTANOOGA, Tenn., Feb. 26, 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 March 29, 2024, to shareholders of record as of the close of business on March 11, 2024.

About 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 segments: Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions; and Materials Solutions that includes our aggregate processing equipment.

For more information, visit  and follow us on social media.

LinkedIn Facebook Instagram YouTube Twitter @astecindustries

Contact:

Stephen C. Anderson

Senior VP, Investor Relations



+1 (423) 899-5898



EN
26/02/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Astec Industries Inc.

 PRESS RELEASE

Astec Reports First Quarter 2024 Results

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. Federal highway and pavement contract awards increased 11% year-over-year.Record attendance at 2024 Wo...

 PRESS RELEASE

Astec Announces Quarterly Dividend

Astec Announces Quarterly Dividend CHATTANOOGA, Tenn., April 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 May 31, 2024 to shareholders of record as of the close of business on May 13, 2024. About 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 segments: Infrastructure Solutions that includes road b...

 PRESS RELEASE

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s First Qu...

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s First Quarter Conference Call on May 1, 2024 at 8:30 A.M. Eastern Time 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. Ja...

 PRESS RELEASE

Astec Announces Chief Financial Officer Transition

Astec Announces Chief Financial Officer Transition CHATTANOOGA, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) (“Astec” or the “Company”) today announced the appointment of Heinrich Jonker, Vice President Finance – Infrastructure Solutions, as its Chief Financial Officer on an interim basis, effective immediately. Mr. Jonker’s appointment follows the decision by Rebecca A. Weyenberg, Chief Financial Officer, to step down from her role as CFO. Mrs. Weyenberg will remain employed by the company on an advisory basis through April 30, 2024, to assist in the tra...

 PRESS RELEASE

Astec Reports Fourth Quarter and Full Year 2023 Results

Astec Reports Fourth Quarter and Full Year 2023 Results Fourth Quarter and Full Year 2023 Overview (all comparisons are made to the corresponding prior year fourth quarter or prior year, as applicable): Net sales decreased 3.6% to $337.2 million in the quarter. Full year net sales increased 5.0% to $1.3 billion.Gross margin of 26.4% increased 610 basis points in the quarter. Full year gross margin of 24.7% increased 400 basis points.Diluted EPS of $0.65 compared to $(0.04) in the quarter; Adjusted EPS of $0.90 compared to $0.34 in the quarter. Full year diluted EPS of $1.47 compared to $...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch