---
schema_version: "secwatch.filing_event.v1"
accession: "0000792987-24-000025"
form_type: "8-K"
ticker: "ASTE"
cik: "0000792987"
company_name: "ASTEC INDUSTRIES INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:33:43.434290+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000792987-24-000025
- form_type: 8-K
- ticker: ASTE
- cik: 0000792987
- company_name: ASTEC INDUSTRIES INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/792987/000079298724000025/0000792987-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/792987/000079298724000025/aste-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000792987-24-000025
- JSON: https://secwatch.observer/filing/0000792987-24-000025.json
- Plain text: https://secwatch.observer/filing/0000792987-24-000025.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/792987/000079298724000025/0000792987-24-000025-index.htm

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