Astec Industries (ASTE) Misses Q1 EPS by 1c

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Astec Industries Reports First Quarter 2018 Results

April 24, 2018 7:00 AM EDT

CHATTANOOGA, Tenn., April 24, 2018 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today reported results for their first quarter ended March 31, 2018. 

Net sales for the first quarter of 2018 were $325.5 million compared to $318.4 million for the first quarter of 2017, a 2.2% increase.  Domestic sales increased 6.5% to $270.1 million for the first quarter of 2018 from $253.5 million for the first quarter of 2017.  International sales decreased 14.7% to $55.4 million for the first quarter of 2018 from $64.9 million for the first quarter of 2017.

Earnings for the first quarter of 2018 were $20.3 million or $0.87 per diluted share, compared to... More