secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0000792987-22-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astec reports Q4 net loss of $9.2M, diluted EPS $(0.40); backlog hits record $762.6M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298722000009/0000792987-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298722000009/aste-20220228.htm
  HTML page:      https://secwatch.observer/filing/0000792987-22-000009

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