Astec Industries (ASTE) Misses Q4 EPS by 5c
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Astec Reports Fourth Quarter 2021 Results
February 28, 2022 7:00 AM ESTFourth Quarter 2021 Highlights (all comparisons are made to the prior year fourth quarter):
Net Sales increased 12.1% to $267.8 millionGross Profit Margin of 20.1% decreased 370 bpsNet Income decreased 159.7% to a loss of $9.2 million; Adjusted Net Income of $(0.6) million decreased 104.7% from $12.8 millionDiluted EPS of $(0.40) compared to $0.67; Adjusted EPS of $(0.03) decreased from $0.56 Record Backlog of $762.6 millionCHATTANOOGA,... More
