Astec Industries (ASTE) Misses Q1 EPS by 42c
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Astec Reports First Quarter 2021 Results
May 5, 2021 7:00 AM EDTFirst Quarter 2021 Highlights (all comparisons are made to the prior year first quarter):
Net Sales decreased 1.5% to $284.4 millionGross Profit Margin of 24.1% decreased 130 bpsNet Income decreased 57.8% to $8.7 million; Adjusted Net Income of $9.3 million decreased 57.9% from $22.1 millionDiluted EPS of $0.38 compared to $0.91; Adjusted EPS of $0.41 decreased from $0.97, which included $0.42 NOL tax benefit from CARES Act in prior yearCHATTANOOGA, Tenn., May 05, 2021... More
