Astec Industries (ASTE) Tops Q3 EPS by 9c, Revenues Beat
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Astec Reports Third Quarter 2020 Results
November 4, 2020 7:00 AM ESTThird Quarter 2020 Highlights (all comparisons are made to the prior year third quarter):
Net Sales decreased 9.5% to $231.4MGross Profit Margin of 21.8% increased 150 bps; adjusted Gross Profit Margin increased 260 bpsNet Income decreased 45.2% to $1.6M; adjusted Net Income of $4.6M increased 21.7% from $3.8MEPS of $0.07 compared to $0.13; adjusted EPS of $0.20 increased from $0.17CHATTANOOGA, Tenn., Nov. 04, 2020 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for third quarter 2020 ending September 30, 2020.
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