Astec Q3 net sales $267M (+15% YoY); EPS $0.41 vs $0.07; backlog record $620.5M

ASTEC INDUSTRIES INC

2021-Q3 EPS reported $1.18 revenue$829,400,000

Net sales $267.0M, +15.4% YoY; gross margin 23.3% (+160 bps).
Net income $9.3M vs $1.6M; diluted EPS $0.41 vs $0.07; adjusted EPS $0.50 vs $0.19.
Record backlog $620.5M, +184% vs $218.5M prior year; domestic backlog +236%.
Adjusted operating income $9.4M vs $3.8M; adjusted EBITDA $16.8M, +58.5% YoY.
Company cites pricing, sales volumes, and manufacturing efficiencies despite headwinds.

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