Astec Industries, Inc.
Description
Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services. This segment provides its products to asphalt producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors; mine and quarry operators; port and inland terminal authorities; power stations; and domestic and foreign government agencies. The Materials Solutions segment designs and manufactures crushing equipment, mobile plants, bulk material handling solutions, vibrating equipment, screening equipment, electrical control centers, modular plants and systems, conveying equipment, plant automation products, portable plants, and mineral processing equipment, as well as offers consulting and engineering services. The company was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.
About
CEO
Mr. Jaco G. van der Merwe
Employees
4,322
Instrument type
Common Stock
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
MIC code
XNGS
Address
1725 Shepherd Road, Chattanooga, TN 37421, United States
×
![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 4, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Feb 26, 2025 | 0.73 | — | — | — |
| Nov 6, 2024 | 0.31 | 0.31 | 0.00 | 0.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 2 |
| Average estimate | — | 0.52 | — | 2.54 |
| Low estimate | — | 0.52 | — | 2.38 |
| High estimate | — | 0.52 | — | 2.70 |
| Last year EPS | — | 0.34 | — | 1.99 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-18.890%
Next qtr. (Mar 2025)
52.940%
Current year
-25.470%
Next year (Dec 2025)
27.640%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.34B | 1.27B | 1.10B | 1.02B | 1.17B |
| Cost of revenue | 1.01B | 1.01B | 846.00M | 786.80M | 930.20M |
| Gross profit | 330.80M | 264.10M | 249.50M | 237.60M | 239.40M |
| Operating expense | |||||
| Research & development | — | 31.50M | 26.50M | 22.10M | 27.20M |
| Selling general and admin | 276.40M | 247.60M | 227.10M | 166.90M | 183.90M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 54.40M | 16.50M | 22.40M | 48.60M | 28.30M |
| Non operating interest income | |||||
| Income | 2.10M | 1.00M | 500,000 | 800,000 | 1.20M |
| Expense | 8.90M | 2.50M | 1.10M | 700,000 | 1.40M |
| Other income expense | -4.80M | -10.60M | -8.00M | -4.20M | -2.90M |
| Pretax income | 42.80M | 4.40M | 13.80M | 44.50M | 25.20M |
| Tax provision | 9.10M | 5.00M | -2.10M | -1.50M | 3.00M |
| Net income | 33.70M | -600,000 | 15.90M | 46.00M | 22.20M |
| Basic EPS | 1.47 | 0.00 | 0.78 | 2.08 | 0.95 |
| Diluted EPS | 1.47 | 0.00 | 0.78 | 2.05 | 0.95 |
| Basic average shares | 22.72M | 22.79M | 22.73M | 22.59M | 22.52M |
| Diluted average shares | 22.72M | 22.79M | 22.73M | 22.59M | 22.52M |
| EBITDA | 82.20M | 45.60M | 53.10M | 76.80M | 55.80M |
| Net income from continuing op. | 33.70M | -600,000 | 15.90M | 46.00M | 22.20M |
| Minority interests | 200,000 | -500,000 | 100,000 | — | 100,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1.06B | 1.01B | 905.80M | 848.20M | 800.50M |
| Current assets | |||||
| Cash | — | 36.90M | — | 158.60M | — |
| Cash equivalents | — | 25.90M | — | — | — |
| Cash and cash equivalents | 59.80M | 62.80M | 134.10M | 158.60M | 48.90M |
| Other short term investments | 5.70M | 3.90M | 8.60M | 4.30M | 1.50M |
| Accounts receivable | 152.60M | 169.40M | 141.70M | 115.90M | 120.30M |
| Other receivables | — | 6.50M | 3.50M | 4.70M | 4.60M |
| Inventory | 455.60M | 393.40M | 298.70M | 249.70M | 294.50M |
| Prepaid assets | — | 15.90M | 20.50M | 8.80M | 15.20M |
| Restricted cash | 3.40M | 3.20M | 300,000 | — | — |
| Assets held for sale | — | 15.40M | 5.10M | 6.30M | 3.10M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 27.70M | 28.20M | 23.50M | 17.50M | 18.20M |
| Non current assets | |||||
| Properties | — | 4.50M | 4.70M | 4.70M | 14.40M |
| Land and improvements | 12.70M | 12.40M | 13.90M | 15.60M | 15.20M |
| Machinery furniture equipment | 253.60M | 234.50M | 239.20M | 238.70M | 266.70M |
| Construction in progress | 20.30M | 19.70M | 7.60M | 3.10M | 10.20M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -248.10M | -233.80M | -248.00M | -237.60M | -267.70M |
| Goodwill | 109.00M | 112.90M | 99.90M | 108.60M | 89.70M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 16.40M | 22.50M | 22.70M | 31.20M | 23.50M |
| Investments and advances | 13.80M | 15.10M | 12.20M | 13.70M | 16.10M |
| Other non current assets | 75.70M | 61.60M | 24.60M | 26.00M | 31.10M |
| Total liabilities | 405.60M | 387.50M | 254.50M | 205.20M | 198.10M |
| Current liabilities | |||||
| Accounts payable | 116.90M | 107.20M | 82.20M | 52.70M | 57.20M |
| Accrued expenses | 60.60M | 47.20M | 41.10M | 31.10M | 35.00M |
| Short term debt | 11.10M | 9.60M | 2.70M | 1.60M | 1.30M |
| Deferred revenue | 70.20M | 69.50M | 60.20M | 34.20M | 42.90M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 37.50M | 38.60M | 35.20M | 47.70M | 34.10M |
| Non current liabilities | |||||
| Long term debt | 72.00M | 78.10M | 200,000 | 400,000 | 700,000 |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 1.10M | 2.10M | 1.40M | 500,000 | 900,000 |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 33.50M | 33.30M | 29.60M | 34.00M | 23.70M |
| Shareholders equity | |||||
| Common stock | 4.50M | 4.50M | 4.50M | 4.50M | 4.50M |
| Retained earnings | 549.40M | 527.80M | 549.30M | 545.20M | 508.30M |
| Other shareholders equity | -38.10M | -40.10M | -32.40M | -33.50M | -31.80M |
| Total shareholders equity | 653.70M | 626.90M | 651.30M | 643.00M | 602.40M |
| Additional paid in capital | 138.40M | 135.80M | 130.60M | 127.80M | 122.60M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 300,000 | — | 500,000 | 500,000 | 500,000 |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1986 | 1985 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||||
| Net Income | 33.70M | -600,000 | 15.90M | 46.00M | 22.20M | -60.70M | 37.59M | 54.99M | 31.97M | 34.21M | 39.21M | 40.99M | 40.67M | 32.57M | 3.11M | 63.30M | 56.80M | 39.59M | 28.09M | 19.05M | -28.96M | -4.71M | 1.99M | 26.28M | 31.70M | 24.40M | 13.80M | 4.30M | 4.60M | 23.40M | 9.30M | 6.00M | 4.00M | -16.30M | -4.00M | — | — | — |
| Depreciation | 25.60M | 27.90M | 30.20M | 26.90M | 26.20M | 27.90M | 25.80M | 24.81M | 24.08M | 24.38M | 22.27M | 23.05M | 19.26M | 18.73M | 18.68M | 17.34M | 15.08M | 11.89M | 10.85M | 11.12M | 13.13M | 15.21M | 17.05M | 15.38M | 11.70M | 8.10M | 6.90M | 5.80M | 5.70M | 3.90M | 3.10M | 3.40M | 3.20M | 4.10M | 3.80M | — | — | — |
| Deferred Taxes | -6.40M | -17.10M | -1.30M | 8.60M | 1.70M | -25.40M | -291,000 | -3.52M | -2.90M | -3.13M | -2.21M | 6.12M | -2.29M | -1.08M | 382,000 | 2.55M | 99,766 | 1.01M | -1.50M | 4.94M | -5.51M | -610,269 | -1.17M | 495,000 | 1.20M | — | — | — | — | — | — | — | — | — | -500,000 | — | — | — |
| Stock-Based Compensation | 4.10M | 6.80M | 6.00M | 5.10M | 2.60M | 2.20M | 3.14M | 2.94M | 1.25M | 1.20M | 1.46M | 1.29M | 2.80M | 2.40M | 1.41M | 2.38M | 1.56M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -1.50M | -1.00M | -2.50M | -1.20M | -900,000 | -800,000 | 473,000 | -1.87M | -405,000 | 118,000 | -1.35M | -146,000 | 1.73M | 946,000 | 15.84M | 22.28M | 211,225 | 13.71M | 21.54M | — | — | — | — | -120,000 | — | — | — | 100,000 | -100,000 | 100,000 | — | -100,000 | 100,000 | — | — | — | — | — |
| Accounts Receivable | 20.50M | -28.00M | -28.40M | 12.20M | 7.50M | -16.20M | -7.75M | -4.90M | 3.16M | -6.92M | -8.85M | 7.56M | -24.55M | -11.91M | 8.17M | 10.93M | -10.59M | -14.05M | -8.61M | -3.36M | 6.58M | 3.24M | 677,000 | 8.16M | -6.00M | -11.40M | 1.00M | -3.90M | -2.60M | -7.70M | -7.10M | -2.60M | 600,000 | 6.00M | -4.70M | — | — | — |
| Accounts Payable | 7.70M | 25.50M | 29.50M | -8.60M | -13.00M | 9.80M | 630,000 | 8.84M | -11.41M | 10.76M | 1.03M | -6.43M | 9.00M | 7.35M | -16.12M | -3.91M | 6.82M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -70.10M | -96.10M | -42.30M | 50.50M | 67.10M | 29.70M | -12.81M | 32.30M | -7.65M | -37.91M | -49.06M | -34.52M | -20.69M | 11.00M | 20.35M | -69.13M | -27.07M | -17.66M | -16.04M | -24.23M | 3.38M | 3.34M | -10.87M | -24.29M | -14.90M | — | 5.60M | -10.50M | -16.70M | -2.60M | -4.40M | -6.70M | -3.50M | 4.00M | -1.90M | — | — | — |
| Operating Cash Flow | 13.60M | -82.60M | 7.10M | 139.50M | 113.40M | -33.50M | 46.78M | 113.58M | 38.09M | 22.69M | 2.49M | 37.91M | 25.93M | 60.00M | 51.80M | 45.74M | 42.91M | 34.50M | 34.33M | 7.53M | -11.39M | 16.48M | 7.67M | 25.90M | 23.70M | 21.10M | 27.30M | -4.20M | -9.10M | 17.10M | 900,000 | — | 4.40M | -2.20M | -7.30M | — | — | — |
| Investing Activities | ||||||||||||||||||||||||||||||||||||||
| Capital Expenditures | 20.30M | 5.70M | 1.90M | 17.70M | 500,000 | 400,000 | 480,000 | 614,000 | 10.05M | 743,000 | 424,000 | 375,000 | 260,000 | 202,000 | -17.18M | -39.66M | -38.27M | -29.63M | -11.46M | 13.84M | 4.68M | -16.11M | -10.68M | -26.18M | -23.60M | -17.50M | -24.80M | -7.00M | -14.20M | -21.60M | -8.70M | -700,000 | 24.10M | 200,000 | -4.30M | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | 500,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | -17.80M | -1.00M | -23.40M | — | — | -26.44M | -39.76M | 178,000 | -34.97M | — | 42.94M | -33.41M | — | -475,000 | -18.28M | -19.69M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -1.00M | -1.00M | -1.00M | -1.10M | -600,000 | -360,000 | -891,000 | — | — | — | -15.00M | — | — | — | — | — | -10.30M | — | — | — | — | — | — | — | — | — | — | -100,000 | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 1.90M | 600,000 | 1.80M | 1.30M | 1.90M | — | — | 290,000 | 378,000 | 16.25M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 100,000 | 100,000 | 700,000 | — | — | — | — |
| Investing Cash Flow | 21.20M | -12.50M | 1.70M | -5.50M | 1.80M | 40,000 | -26.85M | -38.86M | 10.61M | -17.97M | -14.58M | 43.32M | -32.65M | 202,000 | -17.66M | -57.94M | -68.30M | -29.54M | 1.11M | 13.56M | 30.42M | -14.33M | -12.10M | -36.80M | -85.90M | -39.30M | -30.60M | -11.80M | -15.20M | -20.20M | -9.20M | -600,000 | 23.80M | 600,000 | -4.60M | — | — | — |
| Financing Activities | ||||||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | 223.00M | 7.20M | 6.00M | 166.00M | 148.50M | — | 5.97M | 106.03M | 113.55M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -245.80M | -138.50M | -6.20M | -5.90M | -224.00M | -92.00M | -7.24M | -5.90M | -104.57M | -103.19M | — | — | — | — | — | -912,000 | -7.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -1.60M | -3.30M | -3.50M | -800,000 | -400,000 | -400,000 | -613,000 | -1.72M | -492,000 | 1.06M | -55,000 | 177,000 | 339,000 | 620,000 | -585,000 | 638,000 | 4.39M | 2.96M | — | — | — | — | — | — | — | -100,000 | — | 100,000 | — | — | 100,000 | 100,000 | — | -100,000 | 100,000 | — | — | — |
| Financing Cash Flow | -264.40M | 144.40M | -11.70M | -10.60M | -126.45M | 79.28M | -24.32M | -10.95M | -7.33M | 12.80M | -6.80M | -22.47M | 885,000 | 2.03M | -3.21M | 7.63M | 11.93M | 12.98M | 18.76M | 2.52M | -362,762 | -174,348 | 748,000 | 1.01M | 1.40M | 1.30M | -7.70M | -700,000 | — | — | 27.20M | 400,000 | — | -100,000 | 100,000 | — | — | — |
| Other Cash Details | ||||||||||||||||||||||||||||||||||||||
| End Cash Position | 63.20M | 66.00M | 134.40M | 158.60M | 48.90M | 25.80M | 62.28M | 82.37M | 25.06M | 13.02M | 35.56M | 80.93M | 57.51M | 94.60M | 40.43M | 9.67M | 34.64M | 44.88M | 22.60M | 8.35M | 8.75M | 30.34M | 6.67M | 7.05M | 3.70M | 5.40M | 2.90M | — | 3.10M | — | — | — | — | — | — | — | — | — |
| Income Tax Paid | 13.80M | 17.70M | 10.00M | — | — | 8.50M | 26.92M | 28.46M | 29.57M | 23.03M | 20.33M | 13.72M | 21.47M | 8.50M | 9.32M | 38.11M | 23.42M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 7.00M | 1.10M | 300,000 | 300,000 | 1.80M | 900,000 | 588,000 | 1.41M | 1.65M | 476,000 | 229,000 | 366,000 | 193,000 | 352,000 | 488,000 | 787,000 | 493,657 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -6.30M | -114.60M | -12.70M | 126.10M | 89.20M | -57.40M | 21.84M | 107.44M | 9.66M | -5.99M | -21.81M | 2.62M | -3.82M | 50.70M | 31.74M | -29.89M | 7.29M | 8.15M | 20.48M | 9.92M | 3.61M | -356,360 | -34.61M | -52.13M | -26.00M | 10.00M | 9.40M | -9.60M | -9.00M | -5.80M | 300,000 | 2.70M | 3.80M | 600,000 | -14.70M | — | — | — |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 1,475,154 | 49.65M | 6.47% |
| Victory Portfolios-Sycamore Small Company Opportunity Fund | Sep 30, 2024 | 1,185,000 | 39.89M | 5.20% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 744,079 | 25.05M | 3.26% |
| EQ Advisors Trust-1290 VT Gamco Small Company Value Port | Sep 30, 2024 | 650,000 | 21.88M | 2.85% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 642,046 | 21.61M | 2.82% |
| Global X Fds-Global X U.S. Infrastructure Development ETF | Nov 30, 2024 | 621,777 | 20.93M | 2.73% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 571,599 | 19.24M | 2.51% |
| iShares U.S. Infrastructure ETF | Nov 30, 2024 | 532,808 | 17.93M | 2.34% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 386,366 | 13.01M | 1.69% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 365,132 | 12.29M | 1.60% |
Article
Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company's Fourth Quarter and Full Year 2024 Conference Call on February 26, 2025, at 8:30 A.M. Eastern Time
CHATTANOOGA, Tenn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's fourth quarter and full year 2024 financial results.
Feb 4, 2025
Article
Astec to participate in Baird's 2024 Global Industrial Conference
CHATTANOOGA, Tenn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today it will participate in the Baird Global Industrial Conference on November 14, 2024. Jaco van der Merwe, President and Chief Executive Officer, Brian Harris, Chief Financial Officer and Steve Anderson, Senior Vice President of Investor Relations will attend the conference.
Nov 7, 2024
Article
Astec Industries, Inc. (ASTE) Q3 2024 Earnings Conference Call Transcript
Astec Industries, Inc. (NASDAQ:ASTE ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Steve Anderson - SVP of Administration and IR Jaco van der Merwe - President and CEO Brian Harris - CFO Heinrich Jonker - VP of Finance Conference Call Participants Joe Grabowski - Baird Steve Ferazani - Sidoti Operator Hello and welcome to the Astec Industries Third Quarter 2024 Earnings Call. As a reminder, this conference call is being recorded.
Nov 6, 2024
