---
schema_version: "secwatch.filing_event.v1"
accession: "0000792987-23-000063"
form_type: "8-K"
ticker: "ASTE"
cik: "0000792987"
company_name: "ASTEC INDUSTRIES INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:38:11.018192+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Astec Q2 net sales record $350M (+10%); adjusted EPS $0.87 vs $0.19 YoY

## Summary
- Record net sales of $350.0M, up 10.0% YoY; diluted EPS of $0.58 vs $(0.17) in Q2 2022.
- Adjusted EPS of $0.87, up 357.9% from $0.19; adjusted EBITDA of $32.2M (+143.9%).
- Infrastructure Solutions net sales $218.1M (+4.1%); Materials Solutions $130.2M (+21.2%).
- Backlog declined to $688.8M (-17.7%) as sales outpaced orders; supply chain improving.
- Operating margin 4.9%, up 540 bps; company reaffirms ERP implementation on schedule.

## SEC filing metadata
- accession: 0000792987-23-000063
- form_type: 8-K
- ticker: ASTE
- cik: 0000792987
- company_name: ASTEC INDUSTRIES INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792987/000079298723000063/0000792987-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000079298723000063/aste-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000792987-23-000063
- JSON: https://secwatch.observer/filing/0000792987-23-000063.json
- Plain text: https://secwatch.observer/filing/0000792987-23-000063.txt

## Key facts
- Earnings Releases
  ASTEC INDUSTRIES INC reported three and six months ended June 30, 2023 results: revenue $350.0 million, net income $13.1 million, EPS $0.58.
  - Period: three and six months ended June 30, 2023
  - Revenue: $350.0 million
  - Net income: $13.1 million
  - EPS: $0.58
  - Result: reported results
  source text: ASTEC REPORTS SECOND QUARTER 2023 RESULTS Second Quarter 2023 Highlights (all comparisons are made to the prior year second quarter) : • Record net sales increased 10.0% to $350.0 million • Operating margin of 4.9% increased 540 bps • Diluted EPS of $0.58 compared to $(0.17); Adjusted EPS of $0.87 compared to $0.19 • Execution of multi-year ERP implementation on
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298723000063/0000792987-23-000063-index.htm

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