Astec Industries (ASTE) Tops Q1 EPS by 53c
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Astec Industries Reports First Quarter 2020 Results
May 6, 2020 7:00 AM EDTFirst Quarter 2020 Highlights (all comparisons are made to the prior year first quarter):
Net Sales decreased 11.3% to $288.8MGross margin of 25.6 % increased 200 bpsEPS of $0.91 compared to $0.63 a year ago; adjusted EPS of $1.00 increased 53.8%; $0.42 benefit to EPS attributed to the CARES Act Adjusted EBITDA of $24.3M decreased 4.7%; adjusted EBITDA margin of 8.4% increased 60 bpsSimplified operations into two business segments: Infrastructure Solutions and Materials SolutionsCHATTANOOGA, Tenn., May 06, 2020 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq:... More
