Astec Industries Inc
NASDAQ:ASTE

  • LAST PRICE
    38.6100
  • TODAY'S CHANGE (%)
    0.2700 (0.7042%)
  • Bid / Lots
    37.4200/ 1
  • Ask / Lots
    39.7000/ 1
  • Open / Previous Close
    38.6400 / 38.3400
  • Day Range
    38.3100
    39.0100
  • 52 Week Range
    28.4600
    44.7400
  • Volume
    72,900

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  • Nov 7, 2024

  • Nov 6, 2024

      Show headlines and story abstract

    • 7:13AM ET on Wednesday Nov 06, 2024 by MT Newswires
      Companies Mentioned: ASTE
      07:13 AM EST, 11/06/2024 (MT Newswires) -- ...

    • 7:10AM ET on Wednesday Nov 06, 2024 by MT Newswires
      Companies Mentioned: ASTE
      07:10 AM EST, 11/06/2024 (MT Newswires) -- ...

    • 7:01AM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: ASTE
      Net sales $291.4 $303.1 $946.1 $1,001.0 (Loss) income from operations $ (7.2) $ (5.2) $(11.6) $ 29.7 Adjustments: Transformation program 8.7 7.8 26.4 22.8 Restructuring and other related charges 8.4 0.1 9.4 7.6 Goodwill impairment -- -- 20.2 -- Asset impairment -- -- -- 0.8 Loss (gain) on sale of property and equipment, net -- 0.4 (1.1) (3.1) Adjusted income from operations $ 9.9 $ 3.1 $ 43.3 $ 57.8 ===== ===== ==== ===== ======= === Adjusted operating margin 3.4% 1.0% 4.6% 5.8% ===== ===== === ===== ======= Astec Industries Inc. GAAP vs Non-GAAP Adjusted EPS Reconciliations (In millions, except per share amounts; unaudited) Three Months Ended Nine Months Ended September 30, September 30, ------------------- ------------------- 2024 2023 2024 2023 ----- ----- Net (loss) income attributable to controlling interest $ (6.2) $ (6.6) $(16.8) $ 18.6 Adjustments: Transformation program 8.7 7.8 26.4 22.8 Restructuring and other related charges 8.4 0.1 9.4 7.6 Goodwill impairment -- -- 20.2 -- Asset impairment -- -- -- 0.8 Loss (gain) on sale of property and equipment, net -- 0.4 (1.1) (3.1) Income tax impact of adjustments (3.9) (1.9) (9.3) (6.5) ----- ----- ----- ----- Adjusted net income (loss) attributable to controlling interest $ 7.0 $ (0.2) $ 28.8 $ 40.2 ===== ===== ===== ===== Diluted EPS $(0.27) $(0.29) $(0.74) $ 0.82 Adjustments: Transformation program 0.38 0.34 1.16 1.00 Restructuring and other related charges (a) 0.37 -- 0.41 0.34 Goodwill impairment -- -- 0.89 -- Asset impairment -- -- -- 0.04 Loss (gain) on sale of property and equipment, net -- 0.02 (0.05) (0.14) Income tax impact of adjustments (0.17) (0.08) (0.41) (0.29) ----- ----- ----- ----- Adjusted EPS $ 0.31 $(0.01) $ 1.26 $ 1.77 ===== ===== ===== ===== (a) Calculation includes the impact of a rounding adjustment Astec Industries Inc. EBITDA and Adjusted EBITDA Reconciliations (In millions, except percentage data; unaudited) Three Months Ended Nine Months Ended September 30, September 30, ------------------------ 2024 2023 2024 2023 ----- ---- ----- ------- --- Net sales $291.4 $303.1 $946.1 $1,001.0 Net (loss) income attributable to controlling interest $ (6.2) $ (6.6) $(16.8) $ 18.6 Interest expense, net 2.1 1.9 6.9 4.9 Depreciation and amortization 7.0 7.1 20.1 19.6 Income tax (benefit) provision (2.3) (0.6) (0.6) 6.5 ----- ----- --- ----- ------- --- EBITDA 0.6 1.8 9.6 49.6 ===== ===== ==== ===== ======= === EBITDA margin 0.2% 0.6% 1.0% 5.0% ===== ===== === ===== ======= Adjustments: Transformation program 8.4 7.7 25.8 22.5 Restructuring and other related charges 8.4 0.1 9.4 7.6 Goodwill impairment -- -- 20.2 -- Asset impairment -- -- -- 0.8 Loss (gain) on sale of property and equipment, net -- 0.4 (1.1) (3.1) Adjusted EBITDA $ 17.4 $ 10.0 $ 63.9 $ 77.4 ===== ===== ==== ===== ======= === Adjusted EBITDA margin 6.0% 3.3% 6.8% 7.7% ===== ===== === ===== ======= Astec Industries Inc. Free Cash Flow Reconciliation (In millions; unaudited) Three Months Ended Nine Months Ended September September 30, 30, 2024 2023 2024 2023 ---- ----- ----- ----- Net cash provided by (used in) operating activities $ 22.5 $ (16.3) $ (13.6) $ (18.8) Expenditures for property and equipment (2.6) (7.9) (16.0) (25.0) ---- ----- ----- ----- Free cash flow $ 19.9 $ (24.2) $ (29.6) $ (43.8) ==== ===== ===== =====

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