Astec Industries (ASTE) Misses Q2 EPS by 33c
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Astec Reports Second Quarter 2022 Results
August 2, 2022 7:05 AM EDTSecond Quarter 2022 Highlights (all comparisons are made to the prior year second quarter):
Net Sales increased 14.6% to $318.2 millionGross Profit Margin of 19.0% decreased 480 bpsNet Income decreased 147.0% to a loss of $3.9 million; Adjusted Net Income of $4.3 million decreased 59.0% from $10.5 millionDiluted EPS of $(0.17) compared to $0.36; Adjusted EPS of $0.19 decreased from $0.46Backlog increased 92.0% to a record level of $837.4 millionCHATTANOOGA, Tenn., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE)... More
