Astec Industries downgraded by Robert W. Baird with a new price target

CHATTANOOGA, Tenn., March 10, 2025 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced today it will participate in the Sidoti Small Cap Virtual Conference on Wednesday, March 19, 2025. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer and Stephen C. Anderson, Senior Vice President of Investor Relations will present at the conference and participate in 1x1 meetings. The meetings will be held in a virtual-only format. The ASTEC presentation will take place from 1:45 P.M. to 2:15 P.M. Eastern time. Those wishing to access the presentation can do so with the following link: https://sidoti.zoom.us/webinar/register/WN_VhcFiUqkQ-

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. 24, 2025 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on or about March 31, 2025, to shareholders of record as of the close of business on March 10, 2025. About ASTEC Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business segments: Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions; and Materials Solutions that includes our aggregate processi

Stifel downgraded Astec Industries from Buy to Hold and set a new price target of $37.00 from $47.00 previously

Robert W. Baird downgraded Astec Industries from Outperform to Neutral and set a new price target of $40.00

Sidoti upgraded Astec Industries from Neutral to Buy and set a new price target of $82.00 from $65.00 previously

4 - ASTEC INDUSTRIES INC (0000792987) (Issuer)

4 - ASTEC INDUSTRIES INC (0000792987) (Issuer)

4 - ASTEC INDUSTRIES INC (0000792987) (Issuer)

4 - ASTEC INDUSTRIES INC (0000792987) (Issuer)

4 - ASTEC INDUSTRIES INC (0000792987) (Issuer)

10-K - ASTEC INDUSTRIES INC (0000792987) (Filer)

8-K - ASTEC INDUSTRIES INC (0000792987) (Filer)

8-K - ASTEC INDUSTRIES INC (0000792987) (Filer)

CHATTANOOGA, Tenn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) ("Astec" or the "Company") today announced the appointment of Brian J. Harris as its Chief Financial Officer, effective immediately. In connection with the appointment of Mr. Harris, Heinrich Jonker will step down from his role as Interim Chief Financial Officer and will continue to serve as Vice President Finance – Infrastructure Solutions of the Company. Mr. Harris previously served as Executive Vice President and Chief Financial Officer of Summit Materials, Inc. (NYSE:SUM) ("Summit"), a leading producer of aggregates and cement, from October 2013 to February 2023. Prior to his role at Summit, Mr.

CHATTANOOGA, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) ("Astec" or the "Company") today announced the appointment of Heinrich Jonker, Vice President Finance – Infrastructure Solutions, as its Chief Financial Officer on an interim basis, effective immediately. Mr. Jonker's appointment follows the decision by Rebecca A. Weyenberg, Chief Financial Officer, to step down from her role as CFO. Mrs. Weyenberg will remain employed by the company on an advisory basis through April 30, 2024, to assist in the transition. Astec's Board of Directors has initiated a search process to identify the Company's next CFO and has retained a nationally recognized search fir

CHATTANOOGA, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced the company's board of directors (the "Board") appointed Mr. Patrick S. Shannon and Mr. Jeffrey ("Jeff") T. Jackson, new independent directors, to the Board effective as of January 18, 2024. Mr. William Bradley ("Brad") Southern, an independent director, informed the Board he will be retiring as a member of the Board effective January 18, 2024. With the election of Mr. Shannon and Mr. Jackson, and the retirement of Mr. Southern, the size of the Board increased to 11 directors, 10 of whom are independent directors. Mr. Shannon will also serve as a member of the Audit Committee of the Board a

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. 24, 2025 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) announced that its Board of Directors declared a quarterly dividend of $0.13 per share. The dividend is to be paid on or about March 31, 2025, to shareholders of record as of the close of business on March 10, 2025. About ASTEC Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. Astec's manufacturing operations are divided into two primary business segments: Infrastructure Solutions that includes road building, asphalt and concrete plants, thermal and storage solutions; and Materials Solutions that includes our aggregate processi

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

SC 13D/A - ASTEC INDUSTRIES INC (0000792987) (Subject)

SC 13G/A - ASTEC INDUSTRIES INC (0000792987) (Subject)

SC 13G/A - ASTEC INDUSTRIES INC (0000792987) (Subject)