Astec Industries Inc
NASDAQ:ASTE

  • LAST PRICE
    38.6700
  • TODAY'S CHANGE (%)
    0.8500 (2.2475%)
  • Bid / Lots
    38.5900/ 7
  • Ask / Lots
    38.7500/ 7
  • Open / Previous Close
    38.4900 / 37.8200
  • Day Range
    38.1700
    39.1000
  • 52 Week Range
    28.4600
    44.7400
  • Volume
    77,895

Search Criteria

Click on magnifying glass icon to search

CompanyCountrySymbol

TD Direct Investing offers more research reports than any other discount brokerage in Canada. Provided from the industry's most trusted sources, our service includes timely, relevant information for the current trading day and comprehensive industry, sector, and insider trading reports for further analysis.

Open a New Account, or Login if you're a client.

  • 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) ==== ===== ===== =====

Peers Headlines