Astec Industries (ASTE) Tops Q1 EPS by 6c, Revenue Comes in Light

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Go back to Astec Industries (ASTE) Tops Q1 EPS by 6c, Revenue Comes in Light

Astec Industries Reports First Quarter 2016 Results

April 26, 2016 7:00 AM EDT

CHATTANOOGA, Tenn., April 26, 2016 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today reported results for their first quarter ended March 31, 2016. 

Net sales for the first quarter of 2016 were $278.7 million compared to $288.7 million for the first quarter of 2015, a 3.5% decrease.  Earnings for the first quarter of 2016 were $17.7 million or $0.77 per diluted share compared to $15.1 million for the first quarter of 2015 or $0.65 per diluted share, an increase of 18.5% per diluted share. 

Domestic sales increased 11.0% to $234.2 million for the first quarter of 2016 from $211.0 million for the first quarter of 2015. ... More