Headquartered in Chattanooga, TN Fiscal year ends December NASDAQ: ASTE astecindustries.com
Astec Industries, Inc. (Nasdaq: ASTE) manufactures specialized equipment for asphalt road building, aggregate processing and concrete production. It operates through two reportable segments.
Infrastructure Solutions designs, engineers, manufactures and markets:
- Asphalt plants and concrete plants, with related components and ancillary equipment
- Industrial automation controls and telematics platforms
- Asphalt and road construction equipment
- Industrial thermal and storage systems
- Land clearing, recycling and other heavy equipment
- Aftermarket parts
Materials Solutions designs and manufactures hard and soft rock processing equipment. It also services and supplies parts for the aggregate, civil construction, energy, mining, hydro-electric, recycling, ports and bulk material handling markets.
Astec also offers controls and automation products intended to improve equipment performance and productivity. The company is executing a strategic transformation program and has been integrating recent acquisitions, reflected in higher amortization of acquired intangibles. Demand is tied to road construction funding, including the U.S. federal highway bill, and to aggregate and infrastructure activity. Updated
Astec swung to an adjusted loss, missing expectations of $0.47, and cut full-year adjusted EBITDA guidance to $140 million to $150 million from $160 million to $175 million. Backlog jumped 49.2% to $670.5 million as paused asphalt plant orders came back in the quarter.
Astec swung to an adjusted loss, missing expectations of $0.47, and cut full-year adjusted EBITDA guidance to $140 million to $150 million from $160 million to $175 million. Backlog jumped 49.2% to $670.5 million as paused asphalt plant orders came back in the quarter.
Astec swung to an adjusted loss, missing expectations of $0.47, and cut full-year adjusted EBITDA guidance to $140 million to $150 million from $160 million to $175 million. Backlog jumped 49.2% to $670.5 million as paused asphalt plant orders came back in the quarter.
Five NASDAQ dividend stocks share an ex-date that lands Monday, and missing a single Friday close locks income investors out of August payments entirely. The window is closing fast, and the quality…
Astec Industries, Inc. (Nasdaq: ASTE) manufactures specialized equipment for asphalt road building, aggregate processing and concrete production. It operates through two reportable segments.
The Wall Street consensus 12-month price target for ASTE is $61.50.
