Astec Q1 net sales down 11%; diluted EPS $0.15 vs $0.53 YoY

ASTEC INDUSTRIES INC

2024-Q1 EPS reported $0.15 revenue$309,200,000

Net sales $309.2M, down 11.1% YoY; backlog $559.8M, down 30%.
Diluted EPS $0.15 vs $0.53; adjusted EPS $0.34 vs $0.90.
Infrastructure Solutions net sales $202.2M (-6.2%); Materials Solutions $107.0M (-19.1%).
Adjusted EBITDA $18.9M, margin 6.1% vs 10.1% prior year.
Cash and liquidity $170.5M; dividend $0.13 per 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 0.95

ASTEC INDUSTRIES INC reported first quarter ended March 31, 2024 results: revenue $309.2 million, net income $3.4 million, EPS $0.15.

Period: first quarter ended March 31, 2024
Revenue: $309.2 million
Net income: $3.4 million
EPS: $0.15
Result: reported results

Exact text from the filing

Implied orders increased 2.4% sequentially from the fourth quarter. • Backlog of $559.8 million as of March 31, 2024 approaching historical range. • Net sales decreased 11.1% to $309.2 million. • Gross margin of 24.9% decreased 70 basis points. • Diluted EPS of $0.15 compared to $0.53; Adjusted EPS of $0.34 compared to $0.90. • Federal highway and pavement contract

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Source: SEC EDGAR

accession 0000792987-24-000025

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