secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2022-02-07T23:59:59+00:00
Accession:  0000792987-22-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astec reports preliminary Q4 2021 revenue up 12% to $267.8M; gross margin down 350 bps
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- Preliminary Q4 2021 revenue of $267.8M, up 12.1% YoY; record backlog achieved.
- Gross profit margin fell ~350 bps vs Q4 2020 due to supply chain disruptions, labor restrictions, and inflation.
- Manufacturing challenges and higher expenses to meet demand are persisting into Q1 2022.
- Company to report final Q4 and full year 2021 results on February 28, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298722000005/0000792987-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298722000005/a20220207pre-release.htm
  HTML page:      https://secwatch.observer/filing/0000792987-22-000005

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