secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000792987-24-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298724000012/0000792987-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298724000012/aste-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000792987-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer