Astec Industries (ASTE) Tops Q3 EPS by 9c, Revenues Beat

Astec Industries (NASDAQ: ASTE) reported Q3 EPS of $0.20, $0.09 better than the analyst estimate of $0.11. Revenue for the quarter came in at $231.4 million versus the consensus estimate of $227.99 million.

Third Quarter 2020 Highlights (all comparisons are made to the prior year third quarter):

• Net Sales decreased 9.5% to $231.4M
• Gross Profit Margin of 21.8% increased 150 bps; adjusted Gross Profit Margin increased 260 bps
• Net Income decreased 45.2% to $1.6M; adjusted Net Income of $4.6M increased 21.7% from $3.8M
• EPS of $0.07 compared to $0.13; adjusted EPS of $0.20 increased from $0.17

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

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