Astec Industries (ASTE) Misses Q3 EPS by 7c
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Astec Industries Reports Third Quarter 2019 Results
October 29, 2019 7:00 AM EDTHighlights:
Net sales of $255.8M consistent with Q3 2018Gross margin decreased 240 bps to 20.3%, due to softer market conditionsQ3 EPS $0.13; $0.17 as adjusted compares to $0.30 a year agoIntroduced aligned strategy for profitable growth Simplify, Focus and GrowCHATTANOOGA, Tenn., Oct. 29, 2019 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today reported results for its third quarter ended September 30, 2019.
Net sales were relatively flat at $255.8 million compared to $256.6 million for the third quarter of 2018.... More
