secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0000792987-21-000121
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298721000121/0000792987-21-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298721000121/aste-20211103.htm
  HTML page:      https://secwatch.observer/filing/0000792987-21-000121

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