secwatch.observer — SEC 8-K summary
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Issuer:     ASTEC INDUSTRIES INC (ASTE)
CIK:        0000792987
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000792987-24-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astec Q3 net loss of $6.2M; adjusted EPS $0.31 vs -$0.01 YoY
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- Net sales of $291.4M, down 3.9% YoY; net loss $6.2M includes $8.4M litigation settlement charge.
- Adjusted net income $7.0M; adjusted EPS $0.31 vs $(0.01) in prior year period.
- Adjusted EBITDA $17.4M (+74% YoY); operating cash flow $22.5M; free cash flow $19.9M.
- Infrastructure Solutions sales $165.0M (+slightly); Materials Solutions sales $126.4M (-9.6%).
- Dividend of $0.13/share paid; backlog $475.8M (-22.6%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/792987/000079298724000051/0000792987-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/792987/000079298724000051/aste-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000792987-24-000051

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