Astec Industries Inc. is a leading manufacturer of specialized equipment for the infrastructure and construction industries
The company designs and produces a range of products, including asphalt plants, concrete batch plants, and aggregate processing equipment, which are essential for the construction of roads, bridges, and other infrastructure projects. Astec is committed to innovation and sustainability, focusing on creating technologically advanced solutions that enhance efficiency and minimize environmental impact. Through its comprehensive portfolio of equipment and services, Astec supports various markets including paving, concrete, and aggregate production, helping to facilitate the development of essential public and private infrastructure.
Let’s dig into the relative performance of Caterpillar (NYSECAT) and its peers as we unravel the now-completed Q4 construction machinery earnings season.
Shares of construction equipment company Astec (NASDAQASTE) jumped 18.4% in the afternoon session after the company reported strong fourth-quarter 2024 results, with EPS and EBITDA significantly surpassing analysts' expectations. However, revenue fell well short of estimates, as weakness in the Materials Solutions segment offset strong growth in Infrastructure Solutions.
Looking ahead, backlog declined 26.4% year-on-year, indicating potential challenges in sustaining recent growth.
Overall, the quarter was solid, with strong earnings growth and margin expansion outweighing revenue softness, though backlog trends suggest some near-term headwinds.
Construction equipment company Astec (NASDAQASTE) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 6.5% year on year to $359 million. Its non-GAAP profit of $1.19 per share was 63% above analysts’ consensus estimates.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Terex (NYSETEX) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how construction machinery stocks fared in Q3, starting with Astec (NASDAQASTE).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Manitowoc (NYSEMTW) and its peers.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction machinery stocks, including Caterpillar (NYSECAT) and its peers.
Construction equipment company Astec (NASDAQASTE) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 3.9% year on year to $291.4 million. Its non-GAAP profit of $0.31 per share was in line with analysts’ consensus estimates.
Looking back on construction machinery stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Caterpillar (NYSECAT) and its peers.
San Diego, CA -- (SBWIRE) -- 12/11/2023 -- Astec Industries, Inc. is under investigation concerning potential securities laws violations in connection with certain financial statements.
