---
schema_version: "secwatch.filing_event.v1"
accession: "0000792987-23-000041"
form_type: "8-K"
ticker: "ASTE"
cik: "0000792987"
company_name: "ASTEC INDUSTRIES INC"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:58:46.218767+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Astec Q1 net sales up 19.5% to $347.9M; adjusted EPS $0.90 vs $0.41 YoY

## Summary
- Net sales $347.9M (+19.5% YoY); domestic +20.0%, international +17.5%.
- Diluted EPS $0.53 vs $0.18; adjusted EPS $0.90 vs $0.41; operating margin 5.1% (+370 bps).
- Infrastructure Solutions sales $229.9M (+16.4%); Materials Solutions sales $113.9M (+21.6%).
- Backlog $800.2M (-4.1% YoY); balance sheet cash $42.5M (-62%); dividend $0.13/share.
- ERP implementation on schedule; transformation costs $8.4M after-tax excluded from adjusted EPS.

## SEC filing metadata
- accession: 0000792987-23-000041
- form_type: 8-K
- ticker: ASTE
- cik: 0000792987
- company_name: ASTEC INDUSTRIES INC
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792987/000079298723000041/0000792987-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000079298723000041/aste-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000792987-23-000041
- JSON: https://secwatch.observer/filing/0000792987-23-000041.json
- Plain text: https://secwatch.observer/filing/0000792987-23-000041.txt

## Key facts
- Earnings Releases
  ASTEC INDUSTRIES INC reported the three months ended March 31, 2023 results: revenue $347.9 million, net income $12.1 million, EPS $0.53.
  - Period: the three months ended March 31, 2023
  - Revenue: $347.9 million
  - Net income: $12.1 million
  - EPS: $0.53
  - Result: reported results
  source text: NEWS RELEASE ASTEC REPORTS FIRST QUARTER 2023 RESULTS First Quarter 2023 Highlights (all comparisons are made to the prior year first quarter) : • Net sales increased 19.5% to $347.9 million • Operating margin of 5.1% increased 370 bps • Diluted EPS of $0.53 compared to $0.18; Adjusted EPS of $0.90 compared to $0.41 • Initial execution of multi-year ERP
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298723000041/0000792987-23-000041-index.htm

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