Astec Q2 net sales up 4.8% to $278M; adjusted EPS down 26.9% to $0.49

ASTEC INDUSTRIES INC

2021-Q2 EPS reported $0.77 revenue$562,400,000

Net sales $278.0M (+4.8% YoY); international sales up 75.7% to $33.0M.
Net income $9.0M (-3.2%); diluted EPS $0.39 vs $0.41.
Adjusted net income $11.2M (-26.3%); adjusted EPS $0.49 vs $0.67.
Record backlog $436.1M (+139.7%); domestic backlog up 164.1% to $338.8M.
Adjusted EBITDA $21.7M (-14.2%); margin 7.8% vs 9.5% due to inflation and centralization costs.

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