Astec Industries, Inc. (Nasdaq: ASTE) today reported results for
its third quarter ended September 30, 2018.
Net sales for the third quarter of 2018 were
$256.6 million compared to $252.1 million for the third quarter of
2017, a 1.8% increase. Domestic sales decreased 1.2% to $194.2
million for the third quarter of 2018 from $196.5 million for the
third quarter of 2017. International sales increased 12.2% to $62.4
million for the third quarter of 2018 from $55.6 million for the
third quarter of 2017.
Net income for the third quarter of 2018 was
$7.0 million or $0.30 per diluted share, compared to a loss of $2.7
million or $0.12 per share for the third quarter of 2017.
Net sales for the nine months ending September
30, 2018 were $854.6 million compared to $872.4 million for 2017, a
decrease of 2.0%. Domestic sales decreased 2.8% to $667.6 million
for the nine months ending September 30, 2018 from $686.9 million
for the same period in 2017. International sales increased 0.8% to
$187.0 million for the nine months ending September 30, 2018 from
$185.5 million for the same period in 2017.
The net loss for the nine months ending
September 30, 2018 was $13.4 million or $0.58 per share, compared
to earnings of $26.9 million or $1.16 per diluted share for the
same period in 2017.
The following financial information for the
third quarter and nine months ending September 30, 2018 and 2017
excludes all of the impact of wood pellet plant activity on the
Company’s results during those periods:
Net sales for the third quarter of 2018 were $256.6 million
compared to $265.5 million for the third quarter of 2017, a 3.4%
decrease. Domestic sales decreased 7.5% to $194.2 million for the
third quarter of 2018 from $209.9 million for the third quarter of
2017.
Net income for the third quarter of 2018 was $7.0 million or
$0.30 per diluted share, compared to net income of $12.1 million or
$0.52 per diluted share for the third quarter of 2017, a decrease
in earnings per share of 42.3%.
Net sales for the nine months ending September 30, 2018 were
$929.4 million compared to $870.0 million for 2017, an increase of
6.8%. Domestic sales increased 8.5% to $742.4 million for the nine
months ending September 30, 2018 from $684.5 million for the same
period in 2017.
Net income for the nine months ending September 30, 2018 was
$53.9 million or $2.33 per diluted share, compared to net income of
$44.5 million or $1.93 per diluted share for the same period in
2017, an increase in earnings per share of 20.7%.
Commenting on the quarterly results, Benjamin G.
Brock, Chief Executive Officer, stated, “Our earnings per share for
the third quarter this year was our best in the last six years.
While the earnings were below our own expectation, we were pleased
to earn our best reported third quarter result since 2012.”
The Company’s backlog at September 30, 2018 was
$308.6 million, a decrease of $77.9 million or 20.2% compared to
the September 30, 2017 backlog of $386.5 million. Domestic backlog
decreased 28.1% to $223.2 million at September 30, 2018 from $310.4
million at September 30, 2017. The international backlog at
September 30, 2018 was $85.4 million compared to $76.0 million at
September 30, 2017, an increase of 12.4%. Excluding wood pellet
plant backlogs, the Company’s September 30, 2018 backlog decreased
$2.3 million or 0.7% compared to September 30, 2017. Prior year
backlogs have been recast to include the backlog of RexCon, Inc.,
acquired during the fourth quarter of 2017.
Commenting on the backlog at quarter end, Mr.
Brock stated, “Our backlog, disregarding pellets, was flat year
over year, reflecting continued stability in the industries we
serve. As anticipated, our customers remained focused on work
during the quarter which led to a slower order intake as the normal
buying season started. Order activity since September 30 has been
strong, especially for our products targeted at our infrastructure
customers. Our backlog and recent order intake has us optimistic on
our outlook for the fourth quarter and the first half of 2019.”
Mr. Brock continued, “Regarding capital
allocation, as previously announced, we began our stock repurchase
program. During the quarter, we repurchased approximately 297,000
shares of our common stock for an aggregate purchase price of
approximately $14 million. We believe our stock price is
undervalued and that buying our stock back is a good investment and
creates value for our shareholders.”
Continuing on the outlook for 2019, Mr. Brock
commented, “As previously announced, we have engaged Maine Pointe
to help us analyze opportunities to improve our Company.
Specifically, we analyzed opportunities to improve strategic
sourcing and inventory management. At the completion of Phase One
of the engagement, it was obvious we had opportunities for
improvement. We started Phase Two with Maine Pointe during the
quarter. We anticipate the savings through strategic sourcing
improvement will add approximately 2% to our gross margin in 2019
and generate a one-time cash release of approximately $25 million
as a result of better inventory management. In addition to the
Maine Pointe effort, we are analyzing all areas of our business for
opportunities of operational improvement.”
Consolidated financial information for the third
quarter and nine months ended September 30, 2018 and additional
information related to segment revenues and profits are attached as
addenda to this press release.
Investor Conference Call and Web
Simulcast
Astec will conduct a conference call today,
October 23, 2018, at 10:00 A.M. Eastern Time, to review its third
quarter and nine-month results as well as current business
conditions. The number to call for this interactive teleconference
is (877) 407-9210. International callers should dial (201)
689-8049. Please reference Astec Industries.
The Company will also provide an online Web
simulcast and rebroadcast of the conference call. The live
broadcast of Astec’s conference call will be available online at
the Company’s website: www.astecindustries.com/conferencecalls. An
archived webcast will be available for 90 days at
www.astecindustries.com.
A replay of the conference call will be
available through November 6, 2018 by dialing (877) 481-4010, or
(919) 882-2331 for international callers, Replay ID #37816. A
transcript of the conference call will be made available under the
Investor Relations section of the Astec Industries, Inc. website
within 5 business days after the call.
Astec Industries, Inc. is a manufacturer of
specialized equipment for asphalt road building; aggregate
processing; oil, gas and water well drilling; wood processing and
concrete production. Astec’s manufacturing operations are divided
into three primary business segments: road building, specialized
industrial products, and related equipment (Infrastructure Group);
aggregate processing and mining equipment (Aggregate and Mining
Group); and equipment for the extraction and production of fuels,
biomass production, concrete production and water drilling
equipment (Energy Group).
The information contained in this press release
contains “forward-looking statements” (within the meaning of the
Private Securities Litigation Reform Act of 1995) regarding the
future performance of the Company, including statements about the
effects on the Company from (i) its backlog activity, (ii) the
capital allocation and share repurchase program, and (iii) the
engagement of Maine Pointe and efforts to improve strategic
sourcing and operational efficiencies. These forward-looking
statements reflect management’s expectations and are based upon
currently available information, and the Company undertakes no
obligation to update or revise such statements. These statements
are not guarantees of performance and are inherently subject to
risks and uncertainties, many of which cannot be predicted or
anticipated. Future events and actual results, financial or
otherwise, could differ materially from those expressed in or
implied by the forward-looking statements. Important factors that
could cause future events or actual results to differ materially
include: general uncertainty in the economy, oil, gas and liquid
asphalt prices, rising steel prices, decreased funding for highway
projects, the relative strength/weakness of the dollar to foreign
currencies, production capacity, general business conditions in the
industry, demand for the Company’s products, seasonality and
cyclicality in operating results, seasonality of sales volumes or
lower than expected sales volumes, lower than expected margins on
custom equipment orders, competitive activity, tax rates and the
impact of future legislation thereon, and those other factors
listed from time to time in the Company’s reports filed with the
Securities and Exchange Commission, including but not limited to
the Company’s annual report on Form 10-K for the year ended
December 31, 2017.
For Additional Information
Contact:
Benjamin G. Brock President and Chief
Executive Officer Phone: (423) 867-4210 Fax: (423)
867-4127 E-mail: bbrock@astecindustries.com
or
David C. Silvious Vice President and Chief
Financial Officer Phone: (423) 899-5898 Fax: (423)
899-4456 E-mail: dsilvious@astecindustries.com
or
Stephen C. Anderson Vice President,
Director of Investor Relations & Corporate Secretary
Phone: (423) 899-5898 Fax: (423) 899-4456
E-mail: sanderson@astecindustries.com
| |
| Astec Industries, Inc. |
| Condensed Consolidated Balance
Sheets |
| (in thousands) |
| (unaudited) |
| |
| |
Sept 302018 |
Sept 302017 |
|
Assets |
|
|
|
Current assets |
|
|
|
Cash and cash equivalents |
$ |
25,674 |
$ |
66,379 |
|
Investments |
|
2,432 |
|
1,655 |
|
Receivables, net |
|
127,523 |
|
109,693 |
|
Inventories |
|
429,220 |
|
399,346 |
|
Prepaid expenses and other |
|
39,513 |
|
32,825 |
|
Total current assets |
|
624,362 |
|
609,898 |
|
Property and equipment, net |
|
187,903 |
|
180,703 |
|
Other assets |
|
91,199 |
|
86,411 |
|
Total assets |
$ |
903,464 |
$ |
877,012 |
|
Liabilities and equity |
|
|
|
Current liabilities |
|
|
|
Accounts payable - trade |
$ |
74,419 |
$ |
60,107 |
|
Other current liabilities |
|
132,534 |
|
117,129 |
|
Total current liabilities |
|
206,953 |
|
177,236 |
|
Long-term debt, less current maturities |
|
26,506 |
|
2,216 |
|
Non-current liabilities |
|
23,731 |
|
22,358 |
|
Total equity |
|
646,274 |
|
675,202 |
|
Total liabilities and equity |
$ |
903,464 |
$ |
877,012 |
| Astec Industries, Inc. |
|
|
| Condensed Consolidated Statements of
Operations |
|
|
| (in thousands, except per share
data) |
|
|
| (unaudited) |
|
|
| |
|
|
| |
Three Months Ended |
Nine Months Ended |
|
|
Sept 30 |
Sept 30 |
|
|
2018 |
2017 |
|
2018 |
2017 |
|
Net sales |
$ |
256,613 |
$ |
252,054 |
|
$ |
854,595 |
|
$ |
872,364 |
|
Cost of sales |
|
198,329 |
|
212,970 |
|
|
717,197 |
|
|
691,985 |
|
Gross profit |
|
58,284 |
|
39,084 |
|
|
137,398 |
|
|
180,379 |
|
Selling, general, administrative & engineering expenses |
|
51,054 |
|
45,494 |
|
|
154,396 |
|
|
142,836 |
|
Income (loss) from operations |
|
7,230 |
|
(6,410 |
) |
|
(16,998 |
) |
|
37,543 |
|
Interest expense |
|
170 |
|
188 |
|
|
488 |
|
|
638 |
|
Other |
|
115 |
|
1,149 |
|
|
1,774 |
|
|
2,023 |
|
Income (loss) before income taxes |
|
7,175 |
|
(5,449 |
) |
|
(15,712 |
) |
|
38,928 |
|
Income taxes |
|
180 |
|
(2,782 |
) |
|
(2,301 |
) |
|
12,055 |
|
Net income (loss) attributable to controlling interest |
$ |
6,995 |
$ |
(2,667 |
) |
$ |
(13,411 |
) |
$ |
26,873 |
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| Earnings (loss) per
Common Share |
|
|
|
|
| Net income (loss)
attributable to controlling interest |
|
|
|
|
|
Basic |
$ |
0.31 |
$ |
(0.12 |
) |
$ |
(0.58 |
) |
$ |
1.17 |
|
Diluted |
$ |
0.30 |
$ |
(0.12 |
) |
$ |
(0.58 |
) |
$ |
1.16 |
| |
|
|
|
|
| |
|
|
|
|
| Weighted average common
shares outstanding |
|
|
|
|
|
Basic |
|
22,923 |
|
23,029 |
|
|
23,009 |
|
|
23,023 |
|
Diluted |
|
23,084 |
|
23,029 |
|
|
23,009 |
|
|
23,180 |
| Astec Industries, Inc. |
| Segment Revenues and Profits (Losses) |
| For the three months ended September 30, 2018 and
2017 |
| (in thousands) |
| (unaudited) |
| |
InfrastructureGroup |
Aggregate and MiningGroup |
EnergyGroup |
Corporate |
Total |
|
2018 Revenues |
87,063 |
|
|
101,735 |
|
|
67,815 |
|
|
- |
|
256,613 |
|
|
2017 Revenues |
98,676 |
|
|
99,474 |
|
|
53,904 |
|
|
- |
|
252,054 |
|
|
Change $ |
(11,613 |
) |
|
2,261 |
|
|
13,911 |
|
|
- |
|
4,559 |
|
|
Change % |
(11.8 |
%) |
|
2.3 |
% |
|
25.8 |
% |
|
- |
|
1.8 |
% |
|
|
|
|
|
|
|
|
2018 Gross Profit |
18,642 |
|
|
24,294 |
|
|
15,282 |
|
|
66 |
|
58,284 |
|
|
2018 Gross Profit % |
21.4 |
% |
|
23.9 |
% |
|
22.5 |
% |
|
- |
|
22.7 |
% |
|
2017 Gross Profit |
1,773 |
|
|
23,838 |
|
|
13,422 |
|
|
51 |
|
39,084 |
|
|
2017 Gross Profit % |
1.8 |
% |
|
24.0 |
% |
|
24.9 |
% |
|
- |
|
15.5 |
% |
|
Change |
16,869 |
|
|
456 |
|
|
1,860 |
|
|
15 |
|
19,200 |
|
|
|
|
|
|
|
|
|
2018 Profit (Loss) |
4,761 |
|
|
9,011 |
|
|
3,318 |
|
|
(9,778 |
) |
7,312 |
|
|
2017 Profit (Loss) |
(12,529 |
) |
|
9,565 |
|
|
4,460 |
|
|
(2,975 |
) |
(1,479 |
) |
|
Change $ |
17,290 |
|
|
(554 |
) |
|
(1,142 |
) |
|
(6,803 |
) |
8,791 |
|
|
Change % |
138.0 |
% |
|
(5.8 |
%) |
|
(25.6 |
%) |
|
(228.7 |
%) |
594.4 |
% |
| |
|
|
|
|
|
| |
|
|
|
|
|
| Segment
revenues are reported net of intersegment revenues. Segment
gross profit is net of profit on intersegment |
|
revenues. A reconciliation of total segment profits (losses)
to the Company's net income (loss) attributable to controlling
interest is as follows (in thousands): |
| |
|
|
|
|
|
| |
|
Three months ended September 30 |
|
| |
|
2018 |
2017 |
Change $ |
|
| Total
profit (loss) for all segments |
$ |
7,312 |
|
$ |
(1,479 |
) |
$ |
8,791 |
|
|
| Elimination
of intersegment profit |
|
(410 |
) |
|
(1,224 |
) |
|
814 |
|
|
| Net loss
attributable to non-controlling interest |
|
93 |
|
|
36 |
|
|
57 |
|
|
| Net income
(loss) attributable to controlling interest |
$ |
6,995 |
|
$ |
(2,667 |
) |
$ |
9,662 |
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| Astec Industries, Inc. |
| Segment Revenues and Profits (Losses) |
| For the nine months ended September 30, 2018 and
2017 |
| (in thousands) |
| (unaudited) |
|
|
InfrastructureGroup |
Aggregate and MiningGroup |
Energy Group |
Corporate |
Total |
|
2018 Revenues |
317,359 |
|
|
337,100 |
|
|
200,136 |
|
|
- |
|
854,595 |
|
|
2017 Revenues |
407,025 |
|
|
307,205 |
|
|
158,134 |
|
|
- |
|
872,364 |
|
|
Change $ |
(89,666 |
) |
|
29,895 |
|
|
42,002 |
|
|
- |
|
(17,769 |
) |
|
Change % |
(22.0 |
%) |
|
9.7 |
% |
|
26.6 |
% |
|
- |
|
(2.0 |
%) |
|
|
|
|
|
|
|
|
2018 Gross Profit |
4,105 |
|
|
82,625 |
|
|
50,376 |
|
|
292 |
|
137,398 |
|
|
2018 Gross Profit % |
1.3 |
% |
|
24.5 |
% |
|
25.2 |
% |
|
- |
|
16.1 |
% |
|
2017 Gross Profit |
66,394 |
|
|
74,652 |
|
|
39,173 |
|
|
160 |
|
180,379 |
|
|
2017 Gross Profit % |
16.3 |
% |
|
24.3 |
% |
|
24.8 |
% |
|
- |
|
20.7 |
% |
|
Change |
(62,289 |
) |
|
7,973 |
|
|
11,203 |
|
|
132 |
|
(42,981 |
) |
|
|
|
|
|
|
|
|
2018 Profit (Loss) |
(43,121 |
) |
|
34,669 |
|
|
16,406 |
|
|
(20,428 |
) |
(12,474 |
) |
|
2017 Profit (Loss) |
15,545 |
|
|
29,360 |
|
|
10,355 |
|
|
(27,666 |
) |
27,594 |
|
|
Change $ |
(58,666 |
) |
|
5,309 |
|
|
6,051 |
|
|
7,238 |
|
(40,068 |
) |
|
Change % |
(377.4 |
%) |
|
18.1 |
% |
|
58.4 |
% |
|
26.2 |
% |
(145.2 |
%) |
| |
|
|
|
|
|
| |
|
|
|
|
|
| Segment
revenues are reported net of intersegment revenues. Segment
gross profit is net of profit on intersegment |
|
revenues. A reconciliation of total segment profits (losses)
to the Company's net income (loss) attributable to controlling
interest is as follows (in thousands): |
| |
|
|
|
|
|
| |
|
Nine months ended September 30 |
|
| |
|
2018 |
2017 |
Change $ |
|
| Total
profit (loss) for all segments |
$ |
(12,474 |
) |
$ |
27,594 |
|
$ |
(40,068 |
) |
|
| Elimination
of intersegment profit |
|
(1,174 |
) |
|
(858 |
) |
|
(316 |
) |
|
| Net loss
attributable to non-controlling interest |
|
237 |
|
|
137 |
|
|
100 |
|
|
| Net income
(loss) attributable to controlling interest |
$ |
(13,411 |
) |
$ |
26,873 |
|
$ |
(40,284 |
) |
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| Astec Industries, Inc. |
|
| Backlog by Segment |
|
| September 30, 2018 and 2017 |
|
| (in thousands) |
|
| (unaudited) |
|
|
|
Infrastructure Group |
Aggregate and Mining Group |
Energy Group |
Total |
|
|
2018 Backlog |
130,257 |
|
|
103,790 |
|
|
74,535 |
|
|
308,582 |
|
|
|
2017 Backlog |
248,893 |
|
|
74,625 |
|
|
62,953 |
|
|
386,471 |
|
|
|
Change $ |
(118,636 |
) |
|
29,165 |
|
|
11,582 |
|
|
(77,889 |
) |
|
|
Change % |
(47.7 |
%) |
|
39.1 |
% |
|
18.4 |
% |
|
(20.2 |
%) |
|
| Astec Industries, Inc. |
| Actual and Ex-Wood Pellet Results for the
Third Quarter and Nine Months Ended September 30, 2018 and
2017 |
| Unaudited Proforma |
| (in millions except per share
amounts) |
| |
|
|
|
|
|
|
| Third
Quarter |
Q3 2018 asReported |
Q3 2018Ex-Pellets |
Q3 2017 asReported |
Q3 2017Ex-Pellets |
Ex-Pellets2018 vs 2017 |
% Change |
| Net Sales |
256.6 |
|
256.6 |
|
252.1 |
|
265.5 |
|
(8.9 |
) |
-3.4 |
% |
| GM% |
22.7 |
% |
22.7 |
% |
15.5 |
% |
23.3 |
% |
|
|
| Op Income (Loss) |
7.2 |
|
7.2 |
|
(6.4 |
) |
16.3 |
|
(9.1 |
) |
-55.8 |
% |
| Net Income (Loss) |
7.0 |
|
7.0 |
|
(2.7 |
) |
12.0 |
|
(5.0 |
) |
-41.7 |
% |
| Per Share Earnings
(Loss) |
0.30 |
|
0.30 |
|
(0.12 |
) |
0.52 |
|
(0.22 |
) |
-42.3 |
% |
| EBITDA |
13.9 |
|
13.9 |
|
0.4 |
|
23.1 |
|
(9.2 |
) |
-39.8 |
% |
| EBITDA % |
5.4 |
% |
5.4 |
% |
0.2 |
% |
8.7 |
% |
|
|
| |
|
|
|
|
|
|
| Nine
Months |
YTD 2018 asReported |
YTD 2018Ex-Pellets |
YTD 2017 asReported |
YTD 2017Ex-Pellets |
Ex-Pellets2018 vs 2017 |
% Change |
| Net Sales |
854.6 |
|
929.4 |
|
872.4 |
|
870.0 |
|
59.4 |
|
6.8 |
% |
| GM% |
16.1 |
% |
23.9 |
% |
20.7 |
% |
23.9 |
% |
|
|
| Op Income (Loss) |
(17.0 |
) |
67.3 |
|
37.5 |
|
64.6 |
|
2.7 |
|
4.2 |
% |
| Net Income (Loss) |
(13.4 |
) |
53.9 |
|
26.9 |
|
44.5 |
|
9.4 |
|
21.1 |
% |
| Per Share Earnings
(Loss) |
(0.58 |
) |
2.33 |
|
1.16 |
|
1.93 |
|
0.40 |
|
20.7 |
% |
| EBITDA |
4.7 |
|
89.0 |
|
57.7 |
|
84.8 |
|
4.2 |
|
5.0 |
% |
| EBITDA % |
0.5 |
% |
9.6 |
% |
6.6 |
% |
9.7 |
% |
|
|
| |
Astec Industries, Inc. |
| |
Quarterly Financial Data, Ex-Wood Pellets
Results |
| |
Unaudited Proforma |
| |
(in thousands except per share
amounts) |
| |
2018Q3 |
2018Q2 |
2018Q1 |
2017Q4 |
2017Q3 |
2017Q2 |
2017Q1 |
2016Q4 |
2016Q3 |
2016Q2 |
2016Q1 |
| Net Sales |
256,613 |
|
347,050 |
|
325,710 |
|
306,758 |
|
265,458 |
|
297,838 |
|
306,697 |
|
255,965 |
|
228,613 |
|
276,253 |
|
251,413 |
|
| Cost of Goods Sold |
198,329 |
|
265,018 |
|
245,016 |
|
240,557 |
|
203,636 |
|
227,451 |
|
231,428 |
|
198,221 |
|
180,377 |
|
208,272 |
|
186,496 |
|
| Gross Profit |
58,284 |
|
82,031 |
|
80,694 |
|
66,202 |
|
61,822 |
|
70,387 |
|
75,269 |
|
57,744 |
|
48,236 |
|
67,981 |
|
64,917 |
|
| GM% |
22.7 |
% |
23.6 |
% |
24.8 |
% |
21.6 |
% |
23.3 |
% |
23.6 |
% |
24.5 |
% |
22.6 |
% |
21.1 |
% |
24.6 |
% |
25.8 |
% |
| SGA&E |
51,054 |
|
51,263 |
|
52,078 |
|
44,757 |
|
45,494 |
|
44,221 |
|
53,121 |
|
45,398 |
|
43,950 |
|
44,961 |
|
43,806 |
|
| SGA&E% |
19.9 |
% |
14.8 |
% |
16.0 |
% |
14.6 |
% |
17.1 |
% |
14.8 |
% |
17.3 |
% |
17.7 |
% |
19.2 |
% |
16.3 |
% |
17.4 |
% |
| Operating Income |
7,230 |
|
30,768 |
|
28,615 |
|
21,445 |
|
16,328 |
|
26,166 |
|
22,148 |
|
12,345 |
|
4,286 |
|
23,020 |
|
21,111 |
|
| Operating Income % |
2.8 |
% |
8.9 |
% |
8.8 |
% |
7.0 |
% |
6.2 |
% |
8.8 |
% |
7.2 |
% |
4.8 |
% |
1.9 |
% |
8.3 |
% |
8.4 |
% |
| Other Income
(Expense) |
(147 |
) |
884 |
|
311 |
|
433 |
|
926 |
|
76 |
|
247 |
|
(327 |
) |
241 |
|
(50 |
) |
76 |
|
| Pre-tax Income |
7,083 |
|
31,652 |
|
28,927 |
|
21,878 |
|
17,253 |
|
26,242 |
|
22,395 |
|
12,018 |
|
4,527 |
|
22,970 |
|
21,187 |
|
| PTI% |
2.8 |
% |
9.1 |
% |
8.9 |
% |
7.1 |
% |
6.5 |
% |
8.8 |
% |
7.3 |
% |
4.7 |
% |
2.0 |
% |
8.3 |
% |
8.4 |
% |
| Income Tax Expense |
180 |
|
7,755 |
|
6,639 |
|
8,787 |
|
5,227 |
|
8,617 |
|
7,640 |
|
3,888 |
|
2,162 |
|
8,319 |
|
7,334 |
|
| Tax Rate |
2.5 |
% |
24.5 |
% |
23.0 |
% |
40.2 |
% |
30.3 |
% |
32.8 |
% |
34.1 |
% |
32.4 |
% |
47.7 |
% |
36.2 |
% |
34.6 |
% |
| Income before Minorty
Interest |
6,903 |
|
23,897 |
|
22,288 |
|
13,090 |
|
12,027 |
|
17,625 |
|
14,755 |
|
8,130 |
|
2,366 |
|
14,652 |
|
13,853 |
|
| Minority Interest |
93 |
|
94 |
|
50 |
|
68 |
|
36 |
|
61 |
|
40 |
|
52 |
|
3 |
|
51 |
|
65 |
|
| Net Income |
6,995 |
|
23,991 |
|
22,338 |
|
13,158 |
|
12,063 |
|
17,686 |
|
14,795 |
|
8,182 |
|
2,369 |
|
14,703 |
|
13,918 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Fully Diluted
Shares |
23,084 |
|
23,226 |
|
23,236 |
|
23,194 |
|
23,182 |
|
23,183 |
|
23,176 |
|
23,153 |
|
23,145 |
|
23,135 |
|
23,135 |
|
| EPS |
0.30 |
|
1.03 |
|
0.96 |
|
0.57 |
|
0.52 |
|
0.76 |
|
0.64 |
|
0.35 |
|
0.10 |
|
0.64 |
|
0.60 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| EBITDA |
13,918 |
|
38,568 |
|
35,900 |
|
28,453 |
|
23,144 |
|
32,701 |
|
28,935 |
|
18,921 |
|
10,952 |
|
29,112 |
|
27,305 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Backlog |
308,582 |
|
302,892 |
|
380,372 |
|
341,369 |
|
310,871 |
|
295,411 |
|
308,969 |
|
284,031 |
|
250,178 |
|
216,603 |
|
270,515 |
|
Astec Industries (NASDAQ:ASTE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Astec Industries (NASDAQ:ASTE)
Historical Stock Chart
From Jul 2023 to Jul 2024
