Astec Industries (ASTE) Posts Q4 EPS of $0.47

Astec Industries (NASDAQ: ASTE) reported Q4 EPS of $0.47, including income tax benefit, which may not compare to the analyst estimate of $0.44. Revenue for the quarter came in at $312.4 million versus the consensus estimate of $288.15 million.

Commenting on the announcement, Benjamin G. Brock, Chief Executive Officer, stated, “We were pleased to exceed our previously announced earnings projection for the quarter while increasing our backlog to a historically strong $411.5 million. Given our backlog, quote activity and conversations with our customers in both domestic and international markets we are optimistic on our outlook. Our customers are experiencing good market conditions and we are excited for the opportunity to have improved results in 2018.”

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

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