ASTE - Earnings announcements

First Quarter 2026 Overview (all comparisons are made to the corresponding prior year first quarter unless otherwise specified): Net sales of $396.3 millionNet income of $1.3 million; Adjusted net income of $12.5 millionEBITDA of $23.6 million; Adjusted EBITDA of $30.3 millionDiluted EPS of $0.06; Adjusted EPS of $0.54Operating cash flow of $40.7 million; Free cash flow of $32.6 millionBacklog of $549.2 million grew 36.4% CHATTANOOGA, Tenn., May 06, 2026 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the first quarter ended March 31, 2026. "A 70.6% increase in Materials Solutions net sales was primarily driven by organic and inorganic

CHATTANOOGA, Tenn., April 15, 2026 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's first quarter 2026 financial results. Astec Industries, Inc. will be releasing the company's first quarter results to the wire service on Wednesday, May 6, 2026, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, May 6, 2026, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer, and Steve Anderson, Senior Vice President of Administration and Investor Relations, will host the call. To access the call, dial (800) 715-9871

Fourth Quarter 2025 Overview (all comparisons are made to the corresponding prior year fourth quarter unless otherwise specified): Record net sales of $400.6 millionNet income of $12.0 million; Adjusted net income of $24.6 millionEBITDA of $34.3 million; Adjusted EBITDA of $44.7 millionDiluted EPS of $0.52; Adjusted EPS of $1.06Operating cash flow of $61.4 million; Free cash flow of $20.7 million for full year 2025Backlog of $514.1 million grew 22.5% CHATTANOOGA, Tenn., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the fourth quarter and full year ended December 31, 2025. "We are pleased to report strong fourth quarter a

CHATTANOOGA, Tenn., Feb. 04, 2026 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's fourth quarter and full year 2025 financial results. Astec Industries, Inc. will be releasing the company's fourth quarter and full year results to the wire service on Wednesday, February 25, 2026, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, February 25, 2026, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer, and Steve Anderson, Senior Vice President of Administration and Investor Relations, will host the call.

Third Quarter 2025 Overview (all comparisons are made to the corresponding prior year third quarter unless otherwise specified): Net sales of $350.1 millionNet loss of $4.2 million; Adjusted net income of $10.8 millionEBITDA of $13.8 million; Adjusted EBITDA of $27.1 millionDiluted EPS of $(0.18); Adjusted EPS of $0.47 CHATTANOOGA, Tenn., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the third quarter ended September 30, 2025. "We were pleased to post another strong quarter evidencing our focus on delivering consistent profitability and growth," said Jaco van der Merwe, Chief Executive Officer. "Our operational advanceme

CHATTANOOGA, Tenn., Oct. 20, 2025 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's third quarter 2025 financial results. Astec Industries, Inc. will be releasing the company's third quarter results to the wire service on Wednesday, November 5, 2025, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, November 5, 2025, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer, and Steve Anderson, Senior Vice President of Administration and Investor Relations, will host the call. To access the call, dial (888)

Second Quarter 2025 Overview (all comparisons are made to the corresponding prior year second quarter unless otherwise specified): Net sales of $330.3 millionNet income of $16.7 million; Adjusted net income of $20.3 millionEBITDA of $29.0 million; Adjusted EBITDA of $33.7 millionDiluted EPS of $0.72; Adjusted EPS of $0.88Operating cash flow of $12.9 million; Free cash flow of $9.0 million CHATTANOOGA, Tenn., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the second quarter ended June 30, 2025. "Astec reported another strong quarter building on its strategic initiatives to deliver consistency, profitability and growth," sa

CHATTANOOGA, Tenn., July 16, 2025 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's second quarter 2025 financial results. Astec Industries, Inc. will be releasing the company's second quarter results to the wire service on Wednesday, August 6, 2025, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, August 6, 2025, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer, and Steve Anderson, Senior Vice President of Administration and Investor Relations, will host the call. To access the call, dial (888) 4

First Quarter 2025 Overview (all comparisons are made to the corresponding prior year first quarter unless otherwise specified): Net sales of $329.4 millionStrong net income of $14.3 million; Adjusted net income of $20.3 millionEBITDA of $27.5 million; Adjusted EBITDA of $35.2 millionDiluted EPS of $0.62; Adjusted EPS of $0.88Operating cash flow of $20.5 million; Free cash flow of $16.6 millionEntered definitive purchase agreement to acquire TerraSource Holdings, LLC ("TerraSource") for $245.0 million CHATTANOOGA, Tenn., April 29, 2025 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the first quarter ended March 31, 2025. "We are

CHATTANOOGA, Tenn., April 07, 2025 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's first quarter 2025 financial results. Astec Industries, Inc. will be releasing the company's first quarter results to the wire service on Tuesday, April 29, 2025, at approximately 7:00 a.m. Eastern Time. The live call will begin on Tuesday, April 29, 2025, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer, and Steve Anderson, Senior Vice President of Administration and Investor Relations, will host the call. To access the call, dial (888) 440-41

Fourth Quarter 2024 Overview (all comparisons are made to the corresponding prior year fourth quarter unless otherwise specified): Record net sales of $359.0 millionStrong net income of $21.1 million; Adjusted net income of $27.2 millionEBITDA of $40.0 million; Record adjusted EBITDA of $47.9 millionDiluted EPS of $0.92; Record adjusted EPS of $1.19Operating cash flow of $36.6 million; Free cash flow of $32.1 million CHATTANOOGA, Tenn., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the fourth quarter and full year ended December 31, 2024. "I am pleased to report strong net income and quarterly records for net sales, adju

CHATTANOOGA, Tenn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's fourth quarter and full year 2024 financial results. Astec Industries, Inc. will be releasing the company's fourth quarter and full year results to the wire service on Wednesday, February 26, 2025 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, February 26, 2025 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations, will host the ca

Third Quarter 2024 Overview (all comparisons are made to the corresponding prior year third quarter unless otherwise specified): Net sales of $291.4 million decreased 3.9%Net loss of $6.2 million, which included an $8.4 million charge related to the settlement of a legacy litigation matter: Adjusted net income of $7.0 millionEBITDA of $0.6 million declined $1.2 million; Adjusted EBITDA was $17.4 million, an increase of $7.4 millionDiluted EPS of $(0.27) compared to $(0.29); Adjusted EPS of $0.31 compared to $(0.01)Operating cash flow of $22.5 million; Free cash flow of $19.9 million CHATTANOOGA, Tenn., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announc

CHATTANOOGA, Tenn., Oct. 10, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's third quarter 2024 financial results. Astec Industries, Inc. will be releasing the company's third quarter results to the wire service on Wednesday, November 6, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, November 6, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer, Heinrich Jonker, Vice President of Finance - Infrastructure, and Stephen C. Anderson, Senior Vice President of Administration

Second Quarter 2024 Overview (all comparisons are made to the corresponding prior year second quarter unless otherwise specified): Net sales of $345.5 million decreased 1.3% from the record sales in the prior year.Implied orders increased 5.9% sequentially from the first quarter.Inventory initiatives drove $28.7 million sequential reduction from the first quarter.Diluted EPS of $(0.61), which included an $0.89 per share impact related to goodwill impairment, compared to $0.58; Adjusted EPS of $0.61 compared to $0.87. Backlog of $531.1 million as of June 30, 2024.Federal highway bill spending in the early stages of deployment, with only ~ 20% funds disbursed and 38% committed. Total st

CHATTANOOGA, Tenn., July 15, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's second quarter 2024 financial results. Astec Industries, Inc. will be releasing the company's second quarter results to the wire service on Wednesday, August 7, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, August 7, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Heinrich Jonker, Interim Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations, will host the call. To access the call

First Quarter 2024 Overview (all comparisons are made to the corresponding prior year first quarter unless otherwise specified): Implied orders increased 2.4% sequentially from the fourth quarter.Backlog of $559.8 million as of March 31, 2024 approaching historical range.Net sales decreased 11.1% to $309.2 million. Gross margin of 24.9% decreased 70 basis points. Diluted EPS of $0.15 compared to $0.53; Adjusted EPS of $0.34 compared to $0.90. Federal highway and pavement contract awards increased 11% year-over-year.Record attendance at 2024 World of Asphalt/Agg1 trade show, with high levels of interest in equipment and digital solutions. CHATTANOOGA, Tenn., May 01, 2024 (GLOB

CHATTANOOGA, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's first quarter 2024 financial results. Astec Industries, Inc. will be releasing the company's first quarter results to the wire service on Wednesday, May 1, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, May 1, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Heinrich Jonker, Interim Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations, will host the call. To access the cal

Fourth Quarter and Full Year 2023 Overview (all comparisons are made to the corresponding prior year fourth quarter or prior year, as applicable): Net sales decreased 3.6% to $337.2 million in the quarter. Full year net sales increased 5.0% to $1.3 billion.Gross margin of 26.4% increased 610 basis points in the quarter. Full year gross margin of 24.7% increased 400 basis points.Diluted EPS of $0.65 compared to $(0.04) in the quarter; Adjusted EPS of $0.90 compared to $0.34 in the quarter. Full year diluted EPS of $1.47 compared to $0.00; full year Adjusted EPS of $2.67 compared to $1.23.Backlog of $569.8 million as of December 31, 2023 continued to normalize from $969.0 million peak at Se

CHATTANOOGA, Tenn., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces a conference call to review the company's fourth quarter and full year 2023 financial results. Astec Industries, Inc. will release the company's fourth quarter and full year 2023 results to the wire service on Wednesday, February 28, 2024, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, February 28, 2024, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations, will host the call. To access th

Third Quarter 2023 Overview (all comparisons are made to the corresponding prior year third quarter or year-to-date period, as applicable): Net sales decreased 3.8% to $303.1 million in the quarter. Year-to-date net sales increased 8.3% to $1.0 billion.Gross margin of 23.0% increased 220 basis points in the quarter. Year-to-date gross margin of 24.1% increased 320 basis points.Diluted EPS of $(0.29) compared to $0.03; Adjusted EPS of $(0.01) compared to $0.28 in the quarter largely due to a litigation loss contingency of $6.4 million involving equipment sold in 2017 negatively impacted diluted EPS and Adjusted EPS by $0.28. Year-to-date Diluted EPS of $0.82 compared to $0.04 and year-to-dat

CHATTANOOGA, Tenn., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces a conference call to review the company's third quarter 2023 financial results. Astec Industries, Inc. will release the company's third quarter results to the wire service on Wednesday, November 1, 2023, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, November 1, 2023, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Investor Relations and Administration, will host the call. To access the call, dial (888) 440-4118 on Wednes

Second Quarter 2023 Highlights (all comparisons are made to the prior year second quarter): Record net sales increased 10.0% to $350.0 millionOperating margin of 4.9% increased 540 bpsDiluted EPS of $0.58 compared to $(0.17); Adjusted EPS of $0.87 compared to $0.19Execution of multi-year ERP implementation on schedule CHATTANOOGA, Tenn., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the second quarter of 2023. "Our execution with a focus on creating stability and profitability was effective as we achieved sales growth and margin expansion in the second quarter compared to the same quarter in 2022," said Jaco van der Merw

CHATTANOOGA, Tenn., July 10, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces a conference call to review the company's second quarter 2023 financial results. Astec Industries, Inc. will release the company's second quarter results to the wire service on Wednesday, August 2, 2023, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, August 2, 2023, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Investor Relations and Administration, will host the call. To access the call, dial (888) 440-4118 on Wednesda

First Quarter 2023 Highlights (all comparisons are made to the prior year first quarter): Net sales increased 19.5% to $347.9 millionOperating margin of 5.1% increased 370 bpsDiluted EPS of $0.53 compared to $0.18; Adjusted EPS of $0.90 compared to $0.41Initial execution of multi-year ERP implementation on schedule CHATTANOOGA, Tenn., May 03, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the first quarter of 2023. "We were pleased with our first quarter execution as we achieved double-digit sales growth in both the Infrastructure Solutions and Material Solutions Groups," said Jaco van der Merwe, Chief Executive Officer. "I would

CHATTANOOGA, Tenn., April 03, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces conference call to review the company's first quarter 2023 financial results. Astec Industries, Inc. will release the company's first quarter results to the wire service on Wednesday, May 3, 2023, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, May 3, 2023, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations, will host the call. To access the call, dial (888) 440-4118 on Wednesday

Fourth Quarter 2022 Highlights (all comparisons are made to the prior year fourth quarter): Net sales increased 31.2% to $349.9 millionOperating margin of 0.9% increased 320 bpsDiluted loss per share of $(0.04) compared to $(0.44); Adjusted EPS of $0.34 compared to a loss of $(0.06) per shareBacklog increased 19.7% to $912.7 millionRepurchased $4.0 million of shares CHATTANOOGA, Tenn., March 01, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the fourth quarter and full year of 2022. "We had a solid finish to the year as demand for our products remained robust in the fourth quarter and top line g

CHATTANOOGA, Tenn., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announces conference call to review the company's fourth quarter 2022 financial results. Astec Industries, Inc. will release the company's fourth quarter results to the wire service on Wednesday, March 1, 2023, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, March 1, 2023, at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations, will host the call. To access the call, dial (888) 440-4118 on Wednesday, M

Third Quarter 2022 Highlights (all comparisons are made to the prior year third quarter): Net sales increased 18.1% to $315.2 millionGross Profit Margin of 20.7% decreased 250 bpsBacklog increased 56.2% to $969.0 millionRepurchased $6.1 million of shares CHATTANOOGA, Tenn., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the third quarter of 2022. "We are pleased to have net sales growth through volume, price realization and mix in both the Infrastructure Solutions and Materials Solutions groups," said Barry Ruffalo, Chief Executive Officer of Astec. "Customer demand for Astec products continues to drive increased ba

CHATTANOOGA, Tenn., Oct. 03, 2022 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's third quarter 2022 financial results. Astec Industries, Inc. will be releasing the company's third quarter results to the wire service on Wednesday, November 2, 2022, at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, November 2, 2022, at 8:30 a.m. Eastern Time. Barry A. Ruffalo, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations will host the call. To access the call,

Second Quarter 2022 Highlights (all comparisons are made to the prior year second quarter): Net Sales increased 14.6% to $318.2 millionGross Profit Margin of 19.0% decreased 480 bpsNet Income decreased 147.0% to a loss of $3.9 million; Adjusted Net Income of $4.3 million decreased 59.0% from $10.5 millionDiluted EPS of $(0.17) compared to $0.36; Adjusted EPS of $0.19 decreased from $0.46Backlog increased 92.0% to a record level of $837.4 million CHATTANOOGA, Tenn., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the second quarter of 2022. Second quarter of 2022 net sales of $318.2 million increased 14.6% compa

CHATTANOOGA, Tenn., July 19, 2022 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's second quarter 2022 financial results. Astec Industries, Inc. will be releasing the company's second quarter results to the wire service on Tuesday, August 2, 2022 at approximately 7:00 a.m. Eastern Time. The live call will begin on Tuesday, August 2, 2022 at 8:30 a.m. Eastern Time. Barry A. Ruffalo, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations will host the call. To access th

First Quarter 2022 Highlights (all comparisons are made to the prior year first quarter): Net Sales increased 2.4% to $291.2 millionGross Profit Margin of 22.7% decreased 130 bps Net Income decreased 51.8% to $4.1 million; Adjusted Net Income of $9.4 million decreased 18.3% from $11.5 million Diluted EPS of $0.18 compared to $0.37; Adjusted EPS of $0.41 decreased from $0.50 Record Backlog of $834.7 million CHATTANOOGA, Tenn., May 04, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the first quarter of 2022. First quarter of 2022 net sales of $291.2 million increased 2.4% compared to $284.4 million for the first quarter of 2021. Dom

CHATTANOOGA, Tenn., April 25, 2022 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's First Quarter financial results. Astec Industries, Inc. will be releasing the company's First Quarter financial results to the wire service on Wednesday, May 4, 2022 at approximately 7:00 A.M. Eastern Time. The live call will begin on Wednesday, May 4, 2022 at 8:30 A.M. Eastern Time. Barry A. Ruffalo, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations will host the call. To access the call, dial (

Fourth Quarter 2021 Highlights (all comparisons are made to the prior year fourth quarter): Net Sales increased 12.1% to $267.8 millionGross Profit Margin of 20.1% decreased 370 bpsNet Income decreased 159.7% to a loss of $9.2 million; Adjusted Net Income of $(0.6) million decreased 104.7% from $12.8 millionDiluted EPS of $(0.40) compared to $0.67; Adjusted EPS of $(0.03) decreased from $0.56 Record Backlog of $762.6 million CHATTANOOGA, Tenn., Feb. 28, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the fourth quarter of 2021. Fourth quarter of 2021 net sales of $267.8 million increased 12.1% compared to $238.9 million for t

Third Quarter 2021 Highlights (all comparisons are made to the prior year third quarter): Net Sales increased 15.4% to $267.0 millionGross Profit Margin of 23.3% increased 160 bpsNet Income increased 481.3% to $9.3 million; Adjusted Net Income of $11.4 million increased 159.1% from $4.4 millionDiluted EPS of $0.41 compared to $0.07; Adjusted EPS of $0.50 increased from $0.19 Record Backlog of $620.5 million CHATTANOOGA, Tenn., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the third quarter of 2021. Third quarter of 2021 net sales of $267.0 million increased 15.4% compared to $231.4 million for the third quarter of 2020.

CHATTANOOGA, Tenn., Oct. 14, 2021 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's Third Quarter financial results. Astec Industries, Inc. will be releasing the company's Third Quarter financial results to the wire service on Wednesday, November 3, 2021 at approximately 7:00 A.M. Eastern Time. The live call will begin on Wednesday, November 3, 2021 at 8:30 A.M. Eastern Time. Barry A. Ruffalo, President and Chief Executive Officer, Rebecca A. Weyenberg, Chief Financial Officer, and Stephen C. Anderson, Senior Vice President of Administration and Investor Relations will host the call. To access

Second Quarter 2021 Highlights (all comparisons are made to the prior year second quarter): Net Sales increased 4.8% to $278.0 millionGross Profit Margin of 24.1% increased 160 bpsNet Income decreased 3.2% to $9.0 million; Adjusted Net Income of $11.2 million decreased 26.3% from $15.2 millionDiluted EPS of $0.39 compared to $0.41; Adjusted EPS of $0.49 decreased from $0.67 Record Backlog of $436.1 million CHATTANOOGA, Tenn., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today its financial results for the second quarter of 2021. Second quarter of 2021 net sales of $278.0 million increased 4.8% compared to $265.3 million for the second quarter of 2020