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Astec Industries Inc - $ASTE STOCK NEWS

Welcome to our dedicated page for Astec Industries news (Ticker: $ASTE), a resource for investors and traders seeking the latest updates and insights on Astec Industries stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Astec Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Astec Industries's position in the market.

Rhea-AI Summary
Astec Industries, Inc. (NASDAQ: ASTE) announced that its President and CEO, CFO, and Senior VP of Administration and Investor Relations will be presenting at Baird's 2023 Global Industrial Conference on November 7, 2023. The webcast will be available to the public from 12:00 PM to 12:30 PM Central Time.
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Astec Industries, Inc. (Nasdaq: ASTE) reported its financial results for Q3 2023. Net sales decreased 3.8% to $303.1 million in the quarter, while year-to-date net sales increased 8.3% to $1.0 billion. Gross margin increased 220 basis points to 23.0% in the quarter, and year-to-date gross margin increased 320 basis points to 24.1%. Diluted EPS was $(0.29) compared to $0.03 in the quarter, largely due to a litigation loss contingency of $6.4 million. Backlog as of September 30, 2023, was $614.7 million, continuing to normalize from a peak of $969.0 million in 2022.
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Astec Industries, Inc. (NASDAQ:ASTE) declares $0.13 per share quarterly dividend
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Astec Industries, Inc. (NASDAQ:ASTE) will release its Q3 2023 financial results on November 1, 2023. A conference call will be held at 8:30 a.m. ET on the same day, hosted by President and CEO Jaco van der Merwe, CFO Rebecca A. Weyenberg, and SVP of Investor Relations and Administration Stephen C. Anderson. The call can be accessed at (888) 440-4118 or (646) 960-0833 for international callers. A webcast of the call will be available at https://events.q4inc.com/attendee/499226418. The replay can be accessed until November 15, 2023, at (800) 770-2030 or (647) 362-9199, Conference ID# 8741406. Transcript will be available on the company's website within 5 business days.
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Astec Industries, Inc. (Nasdaq: ASTE) announced the election of Mr. James (Jay) Winford as a new independent director and the retirement of Mr. Glen Tellock from the Board of Directors. With these changes, the Board remains at 10 directors, 9 of whom are independent. Mr. Winford will also join the Nominating and Corporate Governance Committee. Mr. Winford, President of Prairie Contractors, LLC, brings extensive experience in the asphalt paving industry and holds advanced degrees in Civil Engineering and Business Administration.
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Astec Industries, Inc. (NASDAQ:ASTE) will hold a conference call on August 2, 2023, to review the company's second quarter 2023 financial results. The call will be hosted by President and CEO Jaco van der Merwe, CFO Rebecca A. Weyenberg, and SVP of Investor Relations and Administration Stephen C. Anderson. The call can be accessed by dialing (888) 440-4118 or through a live webcast using the provided URL. An archived webcast will be available for 90 days, and a replay of the call can be accessed until August 16, 2023. A transcript of the call will be available on the company's website within 5 business days.
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Astec Industries Inc

Nasdaq:ASTE

ASTE Rankings

ASTE Stock Data

736.43M
22.47M
1.14%
94.12%
1.69%
Heavy Duty Truck Manufacturing
Manufacturing
Link
United States of America
CHATTANOOGA

About ASTE

manufacturer of heavy equipment for the production of asphalt.