secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0000792987-21-000081
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298721000081/0000792987-21-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298721000081/aste-20210804.htm
  HTML page:      https://secwatch.observer/filing/0000792987-21-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer