---
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"
generated_at: "2026-06-09T03:34:55.593810+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Astec Q3 net sales down 3.8%; diluted EPS loss of $0.29 due to $6.4M litigation charge

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/792987/000079298723000071/0000792987-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000079298723000071/aste-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000792987-23-000071
- JSON: https://secwatch.observer/filing/0000792987-23-000071.json
- Plain text: https://secwatch.observer/filing/0000792987-23-000071.txt

## Key facts
- Earnings Releases
  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 %.
  - Period: three and nine months ended September 30, 2023
  - 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 %
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/792987/000079298723000071/0000792987-23-000071-index.htm

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