Astec Industries (ASTE) Tops Q1 EPS by 30c
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Astec Reports First Quarter 2022 Results
May 4, 2022 7:00 AM EDTFirst Quarter 2022 Highlights (all comparisons are made to the prior year first quarter):
Net Sales increased 2.4% to $291.2 millionGross Profit Margin of 22.7% decreased 130 bps Net Income decreased 51.8% to $4.1 million; Adjusted Net Income of $9.4 million decreased 18.3% from $11.5 million Diluted EPS of $0.18 compared to $0.37; Adjusted EPS of $0.41 decreased from $0.50 Record Backlog of $834.7 million... More