Astec Industries (ASTE) Misses Q2 EPS by 1c

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Go back to Astec Industries (ASTE) Misses Q2 EPS by 1c

Astec Reports Second Quarter 2021 Results

August 4, 2021 7:00 AM EDT

Second Quarter 2021 Highlights (all comparisons are made to the prior year second quarter):

Net Sales increased 4.8% to $278.0 millionGross Profit Margin of 24.1% increased 160 bpsNet Income decreased 3.2% to $9.0 million; Adjusted Net Income of $11.2 million decreased 26.3% from $15.2 millionDiluted EPS of $0.39 compared to $0.41; Adjusted EPS of $0.49 decreased from $0.67 Record Backlog of $436.1 million

CHATTANOOGA, Tenn., Aug. 04, 2021... More