Welcome to our dedicated page for Astec Inds news (Ticker: ASTE), a resource for investors and traders seeking the latest updates and insights on Astec Inds stock.
Astec Industries Inc (NASDAQ: ASTE) generates a steady flow of news related to its role as a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Company updates frequently highlight developments in its two operating segments, Infrastructure Solutions and Materials Solutions, which cover asphalt and concrete plants, road building equipment, thermal and storage solutions, and aggregate and materials processing equipment.
Investors following ASTE news can expect regular earnings announcements and segment performance updates. Recent press releases have detailed quarterly net sales, segment net sales, operating margins, adjusted EBITDA and backlog for Infrastructure Solutions and Materials Solutions, along with commentary on demand for asphalt and concrete plants, mobile paving and forestry equipment, and materials processing equipment.
Astec’s news flow also includes acquisition and financing activity. The company has reported the completion of the TerraSource Holdings, LLC acquisition and later the acquisition of CWMF, LLC, describing how these businesses expand its materials processing and asphalt plant equipment offerings. Related Form 8-K filings and press releases discuss the credit agreement used to finance TerraSource and outline the structure of the company’s credit facilities.
Additional ASTE news items cover capital allocation decisions such as quarterly dividend declarations and participation in investor conferences hosted by firms including Baird, Stephens and Sidoti. These events feature Astec’s senior management in one-on-one meetings and presentations to institutional investors. For readers monitoring ASTE, this news page provides a central view of financial results, strategic transactions, dividends and investor relations activities reported by the company.
Astec Industries (Nasdaq: ASTE) will present at the Stifel Cross Sector Insight Conference on June 10, 2020. Key executives, including CEO Barry A. Ruffalo and CFO Rebecca A. Weyenberg, will participate in this virtual event, ensuring safety amid the COVID-19 pandemic. The presentation is accessible to the public via webcast from 12:00 PM to 12:30 PM ET. For more information, visit the provided webcast link. Astec Industries specializes in manufacturing equipment for asphalt road building, aggregate processing, and concrete production.