Astec Industries (ASTE) Misses Q4 EPS by 20c

Astec Industries (NASDAQ: ASTE) reported Q4 EPS of $0.16, $0.20 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $215 million versus the consensus estimate of $242.71 million.

Domestic sales increased 10.4% to $722.3 million for 2015 from $654.2 million for 2014. International sales were $260.9 million for 2015 compared to $321.4 million for 2014, an 18.8% decrease.

The Company’s domestic backlog increased 16.5%, from $222.4 million at December 31, 2014 to $259.2 million at December 31, 2015. The international backlog at December 31, 2015 was $54.1 million compared to $109.7 million at December 31, 2014, a decrease of 50.7%. Total backlog decreased 5.6% to $313.3 million at December 31, 2015 from $332.1 million at December 31, 2014.

For earnings history and earnings-related data on Astec Industries (ASTE) click here.

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