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Astec Industries Inc (ASTE.OQ)

ASTE.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Astec Reports Second Quarter 2020 Results
Wednesday, 5 Aug 2020 

Astec Industries Inc ::ASTEC REPORTS SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.67.Q2 EARNINGS PER SHARE $0.41.Q2 SALES $265.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $229 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.05 -- REFINITIV IBES DATA.  Full Article

Astec To Acquire Concrete Equipment Providers CON-E-CO And BMH Systems
Monday, 3 Aug 2020 

Aug 3 (Reuters) - Astec Industries Inc ::ASTEC TO ACQUIRE CONCRETE EQUIPMENT PROVIDERS CON-E-CO AND BMH SYSTEMS.ASTEC INDUSTRIES INC - TERMS OF TRANSACTIONS WERE NOT DISCLOSED.ASTEC INDUSTRIES INC - ACQUISITIONS WERE FUNDED WITH CASH ON HAND AND WILL BE IMMEDIATELY ACCRETIVE TO EPS.  Full Article

Astec Industries Reports Q1 Adjusted Earnings Per Share $1
Wednesday, 6 May 2020 

May 6 (Reuters) - Astec Industries Inc ::ASTEC INDUSTRIES REPORTS FIRST QUARTER 2020 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.00.Q1 EARNINGS PER SHARE $0.91.Q1 SALES $288.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $291.5 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.38 -- REFINITIV IBES DATA.ASTEC INDUSTRIES - BACKLOG AS OF MARCH 31, 2020 OF $245.4 MILLION INCREASED BY $8.9 MILLION, OR 3.8% COMPARED TO BACKLOG OF $236.5 MILLION A YEAR AGO.ASTEC INDUSTRIES - AS OF MAY 6, 2020, ALL BUT ONE OF FACILITIES, OMAGH, NORTHERN IRELAND, ARE OPERATIONAL AND ABLE TO MEET CURRENT DEMAND LEVELS.ASTEC INDUSTRIES - FACILITY IN SOUTH AFRICA RESUMED OPERATIONS ON MAY 4, 2020 AND OMAGH PLANS TO RESUME OPERATIONS BY MID-MAY, 2020.  Full Article

Astec Industries Reports Fourth Quarter Adjusted Earnings Per Share Of $0.36
Wednesday, 18 Mar 2020 

March 17 (Reuters) - Astec Industries Inc ::UPDATED AND REVISED ASTEC INDUSTRIES REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.36.Q4 SALES $283.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $298.8 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.37 -- REFINITIV IBES DATA.Q4 LOSS PER SHARE $0.81.IDENTIFIED CERTAIN MATERIAL WEAKNESSES IN ITS INTERNAL CONTROL OVER FINANCIAL REPORTING.FILED A FORM 12B-25 WITH SEC IN ORDER TO EXTEND DUE DATE OF ITS 2019 ANNUAL REPORT ON FORM 10-K FOR 15 DAYS.Q4 RESULTS SHOWED CONTINUED SOFTNESS IN NORTH AMERICA THAT WAS PARTIALLY OFFSET BY AN INCREASE IN INTERNATIONAL SALES.ASTEC INDUSTRIES - PLANS TO EXIT GEFCO OIL AND GAS BUSINESS, CONTINUE TO OPERATE AND PURSUE EXIT STRATEGY FOR GEFCO WATER AND GEOTHERMAL WELL BUSINESS.  Full Article

Astec Industries Inc Files Non-Timely 10-K With U.S. SEC
Wednesday, 4 Mar 2020 

March 3 (Reuters) - Astec Industries Inc ::ASTEC INDUSTRIES INC FILES NON-TIMELY 10-K WITH U.S. SEC.ASTEC INDUSTRIES INC SAYS IDENTIFIED CERTAIN MATERIAL WEAKNESSES IN ITS INTERNAL CONTROL OVER FINANCIAL REPORTING.ASTEC INDUSTRIES - NEEDS ADDITIONAL TIME TO COMPLETE COMPILATION OF INFORMATION, FINALIZATION OF ASSESSMENT OF EFFECTIVENESS OF INTERNAL CONTROL OVER FINANCIAL REPORTING.ASTEC INDUSTRIES SAYS EXPECTS TO FILE THE 2019 FORM 10-K ON OR BEFORE MARCH 17, 2020.  Full Article

Astec Industries To Sell Gefco
Tuesday, 10 Dec 2019 

Dec 9 (Reuters) - Astec Industries Inc ::PRESS RELEASE - ASTEC INDUSTRIES TO SELL GEFCO, INC..ASTEC INDUSTRIES TO SELL GEFCO, INC..ASTEC INDUSTRIES INC - GEFCO BUSINESSES CONTRIBUTED ABOUT $50 MILLION IN ANNUALIZED REVENUE.ASTEC INDUSTRIES - GEFCO DIVESTITURE EXPECTED TO ELIMINATE RELATED ANNUAL OPERATING LOSSES AND BE ACCRETIVE TO ANNUALIZED EPS.ASTEC INDUSTRIES INC - IN PROCESS OF FINDING A BUYER FOR GEFCO'S BUSINESSES.ASTEC INDUSTRIES INC - ABOUT 150 GEFCO EMPLOYEES MAY BE AFFECTED BY DIVESTITURE.  Full Article

Astec Industries Appoints Rebecca Weyenberg As Chief Financial Officer
Tuesday, 5 Nov 2019 

Nov 4 (Reuters) - Astec Industries Inc ::ASTEC INDUSTRIES APPOINTS REBECCA WEYENBERG AS CHIEF FINANCIAL OFFICER.ASTEC INDUSTRIES INC - REBECCA WEYENBERG WILL JOIN COMPANY AS CHIEF FINANCIAL OFFICER, EFFECTIVE DECEMBER 4.ASTEC INDUSTRIES INC - WEYENBERG SUCCEEDS DAVID SILVIOUS, WHO WILL BE LEAVING COMPANY AT END OF YEAR TO PURSUE OTHER INTERESTS.  Full Article

Astec Industries Reports Third-Quarter 2019 Results
Tuesday, 29 Oct 2019 

Oct 29 (Reuters) - Astec Industries Inc ::ASTEC INDUSTRIES REPORTS THIRD QUARTER 2019 RESULTS.Q3 SALES $255.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $259.5 MILLION.Q3 EARNINGS PER SHARE $0.13.Q3 EARNINGS PER SHARE ESTIMATE $0.24 -- REFINITIV IBES DATA.QUARTERLY ADJUSTED EARNINGS PER SHARE $0.17.BACKLOG AS OF SEPTEMBER 30, 2019 WAS $243.9 MILLION, A DECREASE OF $64.7 MILLION OR 21.0%.  Full Article

Astec Industries Announces CEO Transition
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Astec Industries Inc ::ASTEC INDUSTRIES ANNOUNCES CEO TRANSITION.ASTEC INDUSTRIES INC - BENJAMIN G. BROCK RESIGNS AS PRESIDENT AND CEO.ASTEC INDUSTRIES INC - BOARD APPOINTS RICHARD J. DORRIS, P.E., AS INTERIM CEO.ASTEC INDUSTRIES INC - BOARD APPOINTS RICHARD J. DORRIS, P.E., AS INTERIM CEO.ASTEC INDUSTRIES INC - WILLIAM D. GEHL APPOINTED CHAIRMAN OF BOARD.ASTEC INDUSTRIES INC - WILLIAM D. GEHL APPOINTED CHAIRMAN OF BOARD.ASTEC INDUSTRIES INC - BOARD CONDUCTING SEARCH FOR PERMANENT CEO.  Full Article

BRIEF-Astec Industries Reports Q1 Adjusted Earnings Per Share $1

* Q1 SALES $288.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $291.5 MILLION