Astec Industries (ASTE) Tops Q2 EPS by 2c; Names New CFO
Astec Industries (NASDAQ: ASTE) reported Q2 EPS of $0.61, $0.02 better than the analyst estimate of $0.59. Revenue for the quarter came in at $247.8 million versus the consensus estimate of $247.64 million.
David Silvious will be promoted from Corporate Controller to Vice President and Chief Financial Officer. David has been with Astec for twelve years and was in public accounting seven years prior to joining Astec. He is a CPA and has an MBA. David has been working for twelve years under McKamy's guidance and supervision and has served as Corporate Controller since 2005. We are pleased and excited about his new duties and position.
F. McKamy Hall will step down from the position of Chief Financial Officer on July 31, 2011.
David Silvious will be promoted from Corporate Controller to Vice President and Chief Financial Officer. David has been with Astec for twelve years and was in public accounting seven years prior to joining Astec. He is a CPA and has an MBA. David has been working for twelve years under McKamy's guidance and supervision and has served as Corporate Controller since 2005. We are pleased and excited about his new duties and position.
F. McKamy Hall will step down from the position of Chief Financial Officer on July 31, 2011.