Astec Industries (ASTE) Tops Q4 EPS by 4c, Revenues Beat

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Astec Industries Reports Fourth Quarter and Full Year 2018 Results

March 1, 2019 7:01 AM EST

Net Sales for 2018 of $1.172 Billion; Adjusted Net Sales for 2018 of $1.246 Billion Grew 5.9% Over 2017

Loss Per Share for 2018 of $2.64; Adjusted Earnings Per Share for 2018 of $2.92 Increased 17.3% Over 2017

Company Exits Wood Pellet Plant Business

CHATTANOOGA, Tenn., March 01, 2019 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today reported results for the fourth quarter and year ended December 31, 2018.

Net sales for the fourth quarter of 2018 were $317.0 million compared to $312.4 million for the fourth quarter of 2017, a 1.5% increase. Domestic sales increased... More