reports
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...
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...
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...
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 $...
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 include...
Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s Fourth Q...
Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s Fourth Quarter and Full Year 2023 Conference Call on February 28, 2024 at 8:30 A.M. Eastern Time CHATTANOOGA, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces a conference call to review the company’s fourth quarter and full year 2023 financial results. Astec Industries, Inc. will release the company’s fourth quarter and full year 2023 results to the wire service on Wednesday, February 28, 2024, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, February 28, ...
ASTEC Appoints Two New Members to Board of Directors, One Director Ret...
ASTEC Appoints Two New Members to Board of Directors, One Director Retiring CHATTANOOGA, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced the company’s board of directors (the “Board”) appointed Mr. Patrick S. Shannon and Mr. Jeffrey (“Jeff”) T. Jackson, new independent directors, to the Board effective as of January 18, 2024. Mr. William Bradley (“Brad”) Southern, an independent director, informed the Board he will be retiring as a member of the Board effective January 18, 2024. With the election of Mr. Shannon and Mr. Jackson, and the retirement o...
Astec Releases Inaugural Corporate Sustainability Report
Astec Releases Inaugural Corporate Sustainability Report CHATTANOOGA, Tenn., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) announced today the release of its 2023 Corporate Sustainability Report. The report provides details of the company’s environmental, social and governance (ESG) journey. “I am pleased to share our inaugural Corporate Sustainability Report,” said Jaco van der Merwe, President and Chief Executive Officer of Astec. “Guided by our Core Values – Safety, Devotion, Integrity, Respect, and Innovation – we strive to do what is right for our customers...
Astec Industries, Inc. (NASDAQ: ASTE) Announces Materials Solutions Gr...
Astec Industries, Inc. (NASDAQ: ASTE) Announces Materials Solutions Group President Transition CHATTANOOGA, Tenn., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today that Michael Norris will now serve as Materials Solutions Group President. Mr. Norris joined Astec Industries in January of 2018 as VP International and currently serves as Senior Vice President – International and Aftermarket Sales, a role he assumed in 2021. Jaco van der Merwe, President and CEO, said, “Michael has been an invaluable asset since joining in 2018 and we are excited to ann...
Astec to Present at Baird’s 2023 Global Industrial Conference
Astec to Present at Baird’s 2023 Global Industrial Conference CHATTANOOGA, Tenn., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) announced today that Jaco van der Merwe, President and Chief Executive Officer, Becky Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration, and Investor Relations, will be presenting at Baird's 2023 Global Industrial Conference on November 7, 2023. The Astec presentation will be available to the public via webcast from 12:00 PM to 12:30 PM Central Time and can be obtained at: Webcast ...
Astec Reports Third Quarter 2023 Results
Astec Reports Third Quarter 2023 Results Third Quarter 2023 Overview (all comparisons are made to the corresponding prior year third quarter or year-to-date period, as applicable): Net sales decreased 3.8% to $303.1 million in the quarter. Year-to-date net sales increased 8.3% to $1.0 billion.Gross margin of 23.0% increased 220 basis points in the quarter. Year-to-date gross margin of 24.1% increased 320 basis points.Diluted EPS of $(0.29) compared to $0.03; Adjusted EPS of $(0.01) compared to $0.28 in the quarter largely due to a litigation loss contingency of $6.4 million involving equip...
Astec Announces Quarterly Dividend
Astec Announces Quarterly Dividend CHATTANOOGA, Tenn., Oct. 30, 2023 (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 December 1, 2023, to shareholders of record as of the close of business on November 10, 2023. 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 includ...
Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s Third Qu...
Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s Third Quarter Conference Call on November 1, 2023 at 8:30 A.M. Eastern Time CHATTANOOGA, Tenn., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces a conference call to review the company’s third quarter 2023 financial results. Astec Industries, Inc. will release the company’s third quarter results to the wire service on Wednesday, November 1, 2023, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, November 1, 2023, at 8:30 a.m. Eastern Time. Jaco van der Merwe, Pres...
Astec Reports Second Quarter 2023 Results
Astec Reports Second Quarter 2023 Results Second Quarter 2023 Highlights (all comparisons are made to the prior year second quarter): Record net sales increased 10.0% to $350.0 millionOperating margin of 4.9% increased 540 bpsDiluted EPS of $0.58 compared to $(0.17); Adjusted EPS of $0.87 compared to $0.19Execution of multi-year ERP implementation on schedule CHATTANOOGA, Tenn., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for the second quarter of 2023. "Our execution with a focus on creating stability and profitability ...
Astec Appoints New Member to Board of Directors and Announces Retireme...
Astec Appoints New Member to Board of Directors and Announces Retirement of Long Time Member CHATTANOOGA, Tenn., July 28, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced the company’s board of directors (the "Board") elected Mr. James (Jay) Winford, a new independent director, effective as of July 27, 2023. Mr. Glen Tellock, an independent director, informed the Board he desired to retire as a member of the Board effective July 27, 2023. With the election of Mr. Winford and the retirement of Mr. Tellock, the size of the Board remains unchanged with 10 directors, 9...
Astec Announces Quarterly Dividend
Astec Announces Quarterly Dividend CHATTANOOGA, Tenn., July 28, 2023 (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 31, 2023, to shareholders of record as of the close of business on August 11, 2023. 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...
Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s Second Q...
Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s Second Quarter Conference Call on August 2, 2023 at 8:30 A.M. Eastern Time CHATTANOOGA, Tenn., July 10, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces a conference call to review the company’s second quarter 2023 financial results. Astec Industries, Inc. will release the company’s second quarter results to the wire service on Wednesday, August 2, 2023, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, August 2, 2023, at 8:30 a.m. Eastern Time. Jaco van der Merwe, Preside...
Astec Reports First Quarter 2023 Results
Astec Reports First Quarter 2023 Results First Quarter 2023 Highlights (all comparisons are made to the prior year first quarter): Net sales increased 19.5% to $347.9 millionOperating margin of 5.1% increased 370 bpsDiluted EPS of $0.53 compared to $0.18; Adjusted EPS of $0.90 compared to $0.41Initial execution of multi-year ERP implementation on schedule CHATTANOOGA, Tenn., May 03, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for the first quarter of 2023. "We were pleased with our first quarter execution as we achieved double-di...
Astec Announces Quarterly Dividend
Astec Announces Quarterly Dividend CHATTANOOGA, Tenn., April 26, 2023 (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 May 30, 2023 to shareholders of record as of the close of business on May 12, 2023. 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, ...
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 3, 2023 at 8:30 A.M. Eastern Time CHATTANOOGA, Tenn., April 03, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces conference call to review the company’s first quarter 2023 financial results. Astec Industries, Inc. will release the company’s first quarter results to the wire service on Wednesday, May 3, 2023, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, May 3, 2023, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and ...
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