---
schema_version: "secwatch.filing_event.v1"
accession: "0000792987-24-000012"
form_type: "8-K"
ticker: "ASTE"
cik: "0000792987"
company_name: "ASTEC INDUSTRIES INC"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:52:41.090395+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000792987-24-000012
- form_type: 8-K
- ticker: ASTE
- cik: 0000792987
- company_name: ASTEC INDUSTRIES INC
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/792987/000079298724000012/0000792987-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000079298724000012/aste-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000792987-24-000012
- JSON: https://secwatch.observer/filing/0000792987-24-000012.json
- Plain text: https://secwatch.observer/filing/0000792987-24-000012.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298724000012/0000792987-24-000012-index.htm

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