Astec Industries (ASTE) Reports In-Line Q4 EPS

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Go back to Astec Industries (ASTE) Reports In-Line Q4 EPS

Astec Industries Reports Fourth Quarter and 2016 Results

February 21, 2017 7:00 AM EST

CHATTANOOGA, Tenn., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today reported results for their fourth quarter and year ended December 31, 2016.

Net sales for the fourth quarter of 2016 were $326.6 million compared to $215.0 million for the fourth quarter of 2015, a 52% increase.  Earnings for the fourth quarter of 2016 were $12.4 million or $0.53 per diluted share compared to $3.6 million or $0.16 per diluted share in the fourth quarter of 2015, an increase in earnings per share of 231%.

Domestic sales increased 65% to $265.0 million for the fourth quarter of 2016 from $160.3 million for the fourth quarter... More