Astec Industries Inc. is a leading manufacturer of specialized equipment for the infrastructure and construction industries
The company designs and produces a range of products, including asphalt plants, concrete batch plants, and aggregate processing equipment, which are essential for the construction of roads, bridges, and other infrastructure projects. Astec is committed to innovation and sustainability, focusing on creating technologically advanced solutions that enhance efficiency and minimize environmental impact. Through its comprehensive portfolio of equipment and services, Astec supports various markets including paving, concrete, and aggregate production, helping to facilitate the development of essential public and private infrastructure.
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The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how construction machinery stocks fared in Q3, starting with Astec (NASDAQASTE).
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Construction equipment company Astec (NASDAQASTE) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 3.9% year on year to $291.4 million. Its non-GAAP profit of $0.31 per share was in line with analysts’ consensus estimates.
Looking back on construction machinery stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Caterpillar (NYSECAT) and its peers.
Astec Industries (NASDAQASTE) reported its Q3 earnings results on Wednesday, November 2, 2022 at 07:00 AM. Here's what investors need to know about the announcement.
