{"schema_version":"secwatch.filing_event.v1","accession":"0000792987-23-000071","form_type":"8-K","ticker":"ASTE","cik":"0000792987","company_name":"ASTEC INDUSTRIES INC","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.017318+00:00","generated_at":"2026-06-09T03:34:55.593810+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Astec Q3 net sales down 3.8%; diluted EPS loss of $0.29 due to $6.4M litigation charge","bullets":["Net sales $303.1M (-3.8% YoY); diluted EPS $(0.29) vs $0.03; adjusted EPS $(0.01) vs $0.28.","Gross margin improved 220 bps to 23.0%, but operating margin fell to -1.7% due to $6.4M litigation loss contingency.","Backlog $614.7M, down 36.6% from peak $969M, as order patterns normalize.","Year-to-date net sales up 8.3% to $1.0B; year-to-date adjusted EPS $1.77 vs $0.88.","Dividend of $0.13 per share paid; capital expenditures $7.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0000792987-23-000071","json":"https://secwatch.observer/filing/0000792987-23-000071.json","markdown":"https://secwatch.observer/filing/0000792987-23-000071.md","text":"https://secwatch.observer/filing/0000792987-23-000071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/792987/000079298723000071/0000792987-23-000071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/792987/000079298723000071/aste-20231101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T03:34:55.593810+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2de8d325a468a1988f31fdeb291ecbdbc5479148","claim":"ASTEC INDUSTRIES INC reported three and nine months ended September 30, 2023 results: revenue Net sales decreased 3.8% to $303.1 million in the quarter. Year-to-date net sales increased 8.3% to $1.0 billion., net income Net (loss) income attributable to controlling interest (6.6) 0.7 (1,042.9) % 18.6 0.9 1,966.7 %, EPS Diluted EPS (0.29) 0.03 (1,066.7) % 0.82 0.04 1,950.0 %.","evidence_excerpt":"2023 RESULTS Third Quarter 2023 Overview (all comparisons are made to the corresponding prior year third quarter or year-to-date period, as applicable) : • Net sales decreased 3.8% to $303.1 million in the quarter. Year-to-date net sales increased 8.3% to $1.0 billion. • Gross margin of 23.0% increased 220 basis points in the quarter. Year-to-date gross","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/792987/000079298723000071/0000792987-23-000071-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and nine months ended September 30, 2023"},{"label":"Revenue","value":"Net sales decreased 3.8% to $303.1 million in the quarter. Year-to-date net sales increased 8.3% to $1.0 billion."},{"label":"Net income","value":"Net (loss) income attributable to controlling interest (6.6) 0.7 (1,042.9) % 18.6 0.9 1,966.7 %"},{"label":"EPS","value":"Diluted EPS (0.29) 0.03 (1,066.7) % 0.82 0.04 1,950.0 %"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}