---
schema_version: "secwatch.filing_event.v1"
accession: "0000792987-23-000009"
form_type: "8-K"
ticker: "ASTE"
cik: "0000792987"
company_name: "ASTEC INDUSTRIES INC"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T19:24:53.904069+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astec Q4 net sales up 31% to $349.9M; adjusted EPS $0.34 vs loss of $(0.06)

## Summary
- Net sales $349.9M (+31.2% YoY); backlog $912.7M (+19.7%).
- GAAP diluted EPS loss $(0.04) vs $(0.44); adjusted EPS $0.34 vs $(0.06) loss.
- Infrastructure Solutions net sales $238.4M (+27.1%); Materials Solutions $109.8M (+39.0%).
- CEO transition: Barry Ruffalo terminated Jan 6, 2023; Jaco van der Merwe succeeded; $4.4M restructuring costs in Q4.
- Cash $66.0M (-50.9% YoY); operating cash flow -$73.9M; repurchased $4M shares; dividend $0.13.

## SEC filing metadata
- accession: 0000792987-23-000009
- form_type: 8-K
- ticker: ASTE
- cik: 0000792987
- company_name: ASTEC INDUSTRIES INC
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/792987/000079298723000009/0000792987-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000079298723000009/aste-20230301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000792987-23-000009
- JSON: https://secwatch.observer/filing/0000792987-23-000009.json
- Plain text: https://secwatch.observer/filing/0000792987-23-000009.txt

## Key facts
- Earnings Releases
  ASTEC INDUSTRIES INC reported three months and year ended December 31, 2022 results: revenue $349.9 million, net income $(1.0) million, EPS $(0.04) per diluted share.
  - Period: three months and year ended December 31, 2022
  - Revenue: $349.9 million
  - Net income: $(1.0) million
  - EPS: $(0.04) per diluted share
  - Result: reported results
  source text: RELEASE ASTEC REPORTS FOURTH QUARTER 2022 RESULTS Fourth Quarter 2022 Highlights (all comparisons are made to the prior year fourth quarter) : • Net sales increased 31.2% to $349.9 million • Operating margin of 0.9% increased 320 bps • Diluted loss per share of $(0.04) compared to $(0.44); Adjusted EPS of $0.34 compared to a loss of $(0.06) per share • Backlog
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298723000009/0000792987-23-000009-index.htm

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