Astec Industries (ASTE) Misses Q2 EPS by 18c

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Go back to Astec Industries (ASTE) Misses Q2 EPS by 18c

Astec Industries Reports Second Quarter 2017 Results

July 25, 2017 7:00 AM EDT

CHATTANOOGA, Tenn., July 25, 2017 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today reported results for their second quarter and year to date ended June 30, 2017. 

Net sales for the second quarter of 2017 were $301.9 million compared to $294.4 million for the second quarter of 2016, a 3% increase. Earnings for the second quarter of 2017 were $14.4 million or $0.62 per diluted share compared to $18.2 million or $0.79 per diluted share for the second quarter of 2016, a decrease of 22% per diluted share. 

Domestic sales decreased 2% to $236.9 million for the second quarter of 2017 from $242.2 million for the second quarter of... More