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, Inc. (NASDAQ:ASTE) has announced a quarterly dividend of $0.13 per share, payable on or about August 30, 2024 to shareholders of record as of the close of business on August 12, 2024. Astec is a specialized equipment manufacturer for asphalt road building, aggregate processing, and concrete production. The company's operations are divided into two primary business segments: Infrastructure Solutions and Materials Solutions. Infrastructure Solutions includes road building, asphalt and concrete plants, and thermal and storage solutions, while Materials Solutions focuses on aggregate processing equipment.
Astec Industries (NASDAQ: ASTE) has announced its second quarter 2024 financial results conference call, scheduled for August 7, 2024, at 8:30 A.M. Eastern Time. The company will release its Q2 results via wire service at approximately 7:00 a.m. ET on the same day.
The call will be hosted by Jaco van der Merwe (President and CEO), Heinrich Jonker (Interim CFO), and Stephen C. Anderson (SVP of Administration and Investor Relations). Participants can dial (888) 440-4118 (US) or (646) 960-0833 (International) at least 10 minutes before the scheduled time.
A live webcast will be available, and an archived version will be accessible for 90 days on the company's website. A replay of the call can be accessed until August 21, 2024, and a transcript will be posted within 5 business days after the call.
Astec Industries (Nasdaq: ASTE) announced its participation in the Stifel 2024 Cross Sector Insight Conference on June 4-5, 2024. Company representatives, including CEO Jaco van der Merwe, Interim CFO Heinrich Jonker, and Senior VP of Investor Relations Stephen C. Anderson, will present from 4:45 to 5:15 P.M. Eastern time on June 4, 2024. Additionally, they will engage in one-on-one meetings during the event. The presentation can be accessed online via the provided link.
Astec Industries, Inc. (Nasdaq: ASTE) reported its financial results for the first quarter of 2024, indicating a 2.4% increase in implied orders, a backlog of $559.8 million, and an 11.1% decrease in net sales to $309.2 million. The company experienced challenges in the Materials Solutions segment due to longer product conversion cycles and finance capacity constraints, while Infrastructure Solutions faced supply chain delays. Adjusted EPS dropped to $0.34 from $0.90. Despite near-term headwinds, the company remains optimistic for the year and is focused on margin enhancement and working capital improvements.
Astec Industries, Inc. announced a quarterly dividend of $0.13 per share, to be paid on May 31, 2024, to shareholders of record as of May 13, 2024. Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing, and concrete production.
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