Highest-materiality recent filing
Astec Q1 net sales up 20% to $396.3M but GAAP EPS slumps 90% to $0.06
Net sales $396.3M (+20.3% YoY) driven by 70.6% jump in Materials Solutions to $159.3M.
Astec shareholders elect Jain, van der Merwe as directors; approve say-on-pay and ratify Deloitte
Nalin Jain elected with 19,496,403 for, 412,075 withheld; Jaco G. van der Merwe elected with 19,776,559 for, 131,919 withheld.
Astec appoints Chad Hartley as Group President – Infrastructure Solutions replacing Barend Snyman
Chad Hartley will join Astec as Group President – Infrastructure Solutions and member of Executive Leadership Team effective May 11, 2026.
Astec reports Q4 record sales of $400.6M; adjusted EBITDA up 25.8% for full year 2025
Q4 net sales $400.6M (record), net income $12.0M; diluted EPS $0.52, adjusted EPS $1.06.
Astec Q3 net loss $4.2M but adjusted EPS $0.47; raises FY adjusted EBITDA guidance low end to $132M
Net sales $350.1M (+20.1% YoY); Infrastructure Solutions up 17.1%, Material Solutions up 24.1% on TerraSource acquisition.
Astec provides TerraSource FY2024 audited financials; revenue $164.3M, net income $8.7M
TerraSource FY2024 revenue $164.3M; net income $8.7M; total assets $145.0M at Dec 31, 2024.
Net sales $330.3M (-4.4% YoY); net income $16.7M vs $14.0M loss YoY; adjusted EPS $0.88.
Astec completes $245M acquisition of TerraSource; expects $10M annual synergies
Acquisition of TerraSource completed for $245M cash; net purchase price $230M after ~$15M NPV of tax benefits.
Astec to acquire TerraSource Holdings for $245M in cash-free, debt-free deal
Total consideration of $245M on a cash-free, debt-free basis, subject to customary purchase price adjustments.
Astec Q1 net sales $329.4M, net income $14.3M; agrees to buy TerraSource for $245M cash
Diluted EPS $0.62 (vs $0.15); adjusted EPS $0.88; net income up 320% YoY.
Astec shareholders elect three directors and approve 2025 Equity Incentive Plan at annual meeting
Tracey H. Cook, Mary L. Howell, and Linda I. Knoll elected as directors for three-year terms.
Astec reports record Q4 net sales of $359M, adjusted EPS of $1.19, guides 2025 adj. EBITDA $105-125M
Q4 net sales $359.0M (+6.5% YoY); GAAP net income $21.1M ($0.92 EPS); adjusted net income $27.2M ($1.19 EPS).
Astec adopts new Executive Severance Plan effective Jan 2025; two-tier benefits
Named officers: Jaco van der Merwe (Tier I), Brian Harris, Michael Norris, Ben Snyman (Tier II).
Astec's VP & Chief Accounting Officer Jamie Palm to resign Dec 27; CFO Harris to assume role
Jamie E. Palm resigns as VP, Chief Accounting Officer and Corporate Controller, effective Dec 27, 2024.
Astec Q3 net loss of $6.2M; adjusted EPS $0.31 vs -$0.01 YoY
Net sales of $291.4M, down 3.9% YoY; net loss $6.2M includes $8.4M litigation settlement charge.
Astec appoints Brian J. Harris as CFO effective October 7, 2024
Harris previously served as EVP and CFO of Summit Materials (2013-2023), Bausch + Lomb, and Gates Corp.
Astec reports Q2 GAAP loss of $(0.61)/share; adjusted EPS $0.61; sales down 1.3%
GAAP diluted EPS $(0.61) vs $0.58 prior year; includes $0.89/share goodwill impairment charge.
Astec Q1 net sales down 11%; diluted EPS $0.15 vs $0.53 YoY
Net sales $309.2M, down 11.1% YoY; backlog $559.8M, down 30%.
Astec shareholders elect directors, approve say-on-pay, ratify auditor at 2024 annual meeting
Four director nominees elected: Gliebe (18.94M for), Winford (18.60M), Jackson (15.00M), Shannon (19.09M).
Astec CFO Rebecca Weyenberg steps down; Heinrich Jonker appointed interim CFO
Rebecca Weyenberg resigned as CFO effective March 2, 2024; will remain on advisory basis through April 30.
Astec Q4 EPS $0.65, adjusted $0.90; gross margin up 610 bps to 26.4%
Q4 net sales $337.2M (-3.6% YoY); FY net sales $1.34B (+5.0%).
Astec adds two independent directors; board expands to 11
William Bradley Southern retired from the board effective January 18, 2024, with no disagreement.
Heinrich Jonker will step down from his role as Interim Chief Financial Officer and will continue to serve as Vice President Finance – Infrastructure Solutions of the Company.
Brian J. Harris has been appointed as Chief Financial Officer of the Company, effective October 7, 2024
On March 2, 2024, Rebecca A. Weyenberg, Chief Financial Officer of Astec Industries, Inc. (the “Company”), notified the Company that she is stepping down as CFO of the Company.
The Company has appointed Heinrich Jonker, the Company’s Vice President Finance – Infrastructure Solutions, as its CFO on an interim basis, effective immediately, until a permanent successor is appointed.
On January 18, 2024, the Board appointed Patrick S. Shannon and Jeffrey T. Jackson to the Board, effective immediately.
On January 18, 2024, William Bradley Southern notified the Board of Directors (the "Board") of Astec Industries, Inc. (the "Company") that he will be retiring as a member of the Board, effective immediately.
On January 18, 2024, the Board appointed Patrick S. Shannon and Jeffrey T. Jackson to the Board, effective immediately.
Max materiality 0.85 · Median 0.72 · Most common event earnings