secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000792987-23-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298723000063/0000792987-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298723000063/aste-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000792987-23-000063

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