Astec Industries News

Astec Industries, Inc. (www.astecindustries.com), is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling and concrete production. Astec's manufacturing operations are divided into three primary business segments: road building, (Infrastructure Group); aggregate processing and mining equipment (Aggregate and Mining Group); and equipment for the extraction and production of fuels 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) product demand and pricing pressure, (ii) the effect of its strategic sourcing project (iii) efforts to adjust manufacturing capacity, and (iv) its backlog activity. 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, 2018.

Astec Industries Appoints Mary L. Howell to Board of Directors

CHATTANOOGA, Tenn. (March 1, 2019) - Astec Industries, Inc. (Nasdaq: ASTE) today announced that Mary L. Howell, Founder and Chief Executive Officer of Howell Strategy Group, has been appointed to the Board of Directors, effective immediately.

Continue Reading

Astec Industries Reports Fourth Quarter and Full Year 2018 Results

CHATTANOOGA, Tenn. (March 1, 2019) – Astec Industries, Inc. (Nasdaq: ASTE) today reported results for the fourth quarter and year ended December 31, 2018.

Continue Reading

Astec Industries, Inc. (NASDAQ: ASTE) Announces The Company's Fourth Quarter And 2018 Year End Conference Call March 1, 2018 At 10:00 A.M. Eastern Time

CHATTANOOGA, TN (February 22, 2019) – You are invited by Astec Industries, Inc. (NASDAQ: ASTE) to participate in a conference call to review the company’s Fourth Quarter and 2018 year-end financial results.

Continue Reading

Astec Industries Announces CEO Transition

CHATTANOOGA, Tenn. (January 22, 2019) - Astec Industries, Inc. (Nasdaq: ASTE) today announced that Benjamin G. Brock has resigned as President and Chief Executive Officer and as a member of the Board of Directors, effective as of the close of business on January 21, 2019. The Board has appointed Richard J. Dorris, P.E., who has served as Executive Vice President and Chief Operating Officer since 2014, to serve as interim Chief Executive Officer until a permanent successor is named. In addition, the Board has appointed William D. Gehl, a current member of Astec’s Board, as Chairman of the Board, effective immediately.

Continue Reading

Astec Industries Appoints Tracey H. Cook to Board of Directors

CHATTANOOGA, Tenn. (November 19, 2018) - Astec Industries, Inc. (Nasdaq: ASTE) today announced that Tracey H. Cook, President, AMECO Business Line (“AMECO”) of Fluor Corporation, has been appointed to the Company’s Board of Directors and will also serve as a member of the Board’s Audit Committee, effective November 14, 2018. Ms. Cook’s initial term as a director will expire at the Company’s 2019 annual meeting of shareholders, and the Company anticipates that she will stand for reelection at that time.

Continue Reading