secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000792987-24-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298724000025/0000792987-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298724000025/aste-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000792987-24-000025

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