secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000792987-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298723000041/0000792987-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298723000041/aste-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000792987-23-000041

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