---
schema_version: "secwatch.filing_event.v1"
accession: "0000792987-22-000052"
form_type: "8-K"
ticker: "ASTE"
cik: "0000792987"
company_name: "ASTEC INDUSTRIES INC"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T16:07:09.191286+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astec Q3 net sales +18.1% but EPS drops to $0.03; backlog up 56.2%

## Summary
- Net sales $315.2M (+18.1% YoY); gross margin fell 250 bps to 20.7% on supply chain inefficiencies.
- Diluted EPS $0.03 (vs $0.39); adjusted EPS $0.28 (vs $0.48); net income $0.7M vs $9.0M.
- Backlog $969.0M (+56.2% YoY); domestic backlog $812.7M (+59.8%).
- Operating cash flow negative $56.8M YTD due to working capital build; balance sheet cash $20.8M.
- Repurchased $6.1M of shares; declared $0.12 dividend; remaining buyback authorization $119.7M.

## SEC filing metadata
- accession: 0000792987-22-000052
- form_type: 8-K
- ticker: ASTE
- cik: 0000792987
- company_name: ASTEC INDUSTRIES INC
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792987/000079298722000052/0000792987-22-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000079298722000052/aste-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000792987-22-000052
- JSON: https://secwatch.observer/filing/0000792987-22-000052.json
- Plain text: https://secwatch.observer/filing/0000792987-22-000052.txt

## Key facts
- Earnings Releases
  ASTEC INDUSTRIES INC reported financial results for the three and nine months ended September 30, 2022.
  - Period: the three and nine months ended September 30, 2022
  - Result: reported results
  source text: On November 2, 2022, Astec Industries, Inc. (the "Company") reported results of operations for the three and nine months ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298722000052/0000792987-22-000052-index.htm
- Earnings Releases
  ASTEC INDUSTRIES INC reported the third quarter of 2022 results: revenue $315.2 million, net income $0.7 million, EPS $0.03.
  - Period: the third quarter of 2022
  - Revenue: $315.2 million
  - Net income: $0.7 million
  - EPS: $0.03
  - Result: reported results
  source text: NEWS RELEASE ASTEC REPORTS THIRD QUARTER 2022 RESULTS Third Quarter 2022 Highlights (all comparisons are made to the prior year third quarter) : • Net sales increased 18.1% to $315.2 million • Gross Profit Margin of 20.7% decreased 250 bps • Backlog increased 56.2% to $969.0 million • Repurchased $6.1 million of shares CHATTANOOGA, Tenn. (November 2, 2022) – Astec
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298722000052/0000792987-22-000052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.