earnings
confidence high
sentiment negative
materiality 0.75
Astec reports Q4 net loss of $9.2M, diluted EPS $(0.40); backlog hits record $762.6M
ASTEC INDUSTRIES INC
2021-FY EPS reported
$0.78
revenue$1,097,200,000
- Q4 net sales $267.8M (+12.1% YoY) but net loss of $9.2M vs profit of $15.4M a year ago.
- Diluted EPS $(0.40) vs $0.67; adjusted EPS $(0.03) vs $0.56.
- Gross profit margin 20.1%, down 370 bps; operating loss of $5.6M (vs income $17.9M).
- Record backlog $762.6M, up 111.5% YoY; domestic backlog up 123.4%.
- Full year 2021 net sales $1,097.2M (+7.1%), net income down to $17.8M from $46.9M.