Astec Reports Fourth Quarter 2020 Results
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Astec Industries (ASTE) Tops Q4 EPS by 14c, Revenues Miss
March 1, 2021 7:06 AM ESTAstec Industries (NASDAQ: ASTE) reported Q4 EPS of $0.56, $0.14 better than the analyst estimate of $0.42. Revenue for the quarter came in at $238.9 million versus the consensus estimate of $271.12 million.
"Our fourth quarter 2020 results demonstrate a strong finish to the year as our margins expanded during the quarter, despite a decrease in net sales. The margin improvement is a direct result of the initiatives that began in 2019 and accelerated in 2020 related to our strategic transformation. We continued to improve and gain... More
