Astec Q4 EPS $0.65, adjusted $0.90; gross margin up 610 bps to 26.4%

ASTEC INDUSTRIES INC

2023-FY EPS reported $1.47 revenue$1,338,200,000

Q4 net sales $337.2M (-3.6% YoY); FY net sales $1.34B (+5.0%).
Q4 adjusted EPS $0.90 vs $0.34 YoY; FY adjusted EPS $2.67 vs $1.23.
Backlog $569.8M (normalizing from $969M peak); implied orders +27.6% sequentially.
Infrastructure Solutions segment margin 14.7% (+500 bps); Materials Solutions margin 9.3% (+50 bps).
Total liquidity $234.5M; dividend maintained at $0.13/share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASTEC INDUSTRIES INC reported three months and year ended December 31, 2023 results: revenue Net sales decreased 3.6% to $337.2 million in the quarter. Full year net sales increased 5.0% to $1.3 billion., net income Net income (loss) attributable to controlling interest 14.9 (1.0) 1,590.0 % 33.5 (0.1) 33,600.0 %, EPS Diluted EPS of $0.65 compared to $(0.04) in the quarter; Full year diluted EPS of $1.47 compared to $0.00.

Period: three months and year ended December 31, 2023
Revenue: Net sales decreased 3.6% to $337.2 million in the quarter. Full year net sales increased 5.0% to $1.3 billion.
Net income: Net income (loss) attributable to controlling interest 14.9 (1.0) 1,590.0 % 33.5 (0.1) 33,600.0 %
EPS: Diluted EPS of $0.65 compared to $(0.04) in the quarter; Full year diluted EPS of $1.47 compared to $0.00
Result: reported results

Exact text from the filing

RESULTS Fourth Quarter and Full Year 2023 Overview (all comparisons are made to the corresponding prior year fourth quarter or prior year, as applicable) : • Net sales decreased 3.6% to $337.2 million in the quarter. Full year net sales increased 5.0% to $1.3 billion. • Gross margin of 26.4% increased 610 basis points in the quarter. Full year gross margin

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

ASTEC INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000792987-24-000012

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.