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Astec Industries News

Astec Industries, Inc. is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; wood processing and concrete production. Astec’s manufacturing operations are divided into three primary business segments: road building, specialized industrial products, and related equipment (Infrastructure Group); aggregate processing and mining equipment (Aggregate and Mining Group); and equipment for the extraction and production of fuels, biomass production, concrete production 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) its backlog activity, (ii) the capital allocation and share repurchase program, and (iii) the engagement of Maine Pointe and efforts to improve strategic sourcing and operational efficiencies. 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, 2017.

Astec Industries Board Of Directors Authorizes $150 Million Share Repurchase Program

CHATTANOOGA, Tenn. (July 30, 2018) - Astec Industries, Inc. (Nasdaq: ASTE) today announced the Company’s Board of Directors has authorized the repurchase of up to an aggregate $150 million of the Company's outstanding common stock.

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Astec Industries Reports Second Quarter 2018 Results

CHATTANOOGA, Tenn. (July 24, 2018) – Astec Industries, Inc. (Nasdaq: ASTE) today reported results for its second quarter ended June 30, 2018.

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Astec Industries, Inc. To Attend 2018 Stifel Cross Sector Insight Conference

CHATTANOOGA, Tenn. (June 8, 2018) - Astec Industries, Inc. (NASDAQ: ASTE) announces today that it will attend the 2018 Stifel Cross Sector Insight Conference in Boston, Massachusetts on Tuesday, June 12, 2018.

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Astec Industries Reports First Quarter 2018 Results

CHATTANOOGA, Tenn. (April 24, 2018) – Astec Industries, Inc. (Nasdaq: ASTE) today reported results for their first quarter ended March 31, 2018.

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Astec Industries, Inc. (Nasdaq: ASTE) Announces The Company's First Quarter Conference Call April 24, 2018 At 10:00 A.M. Eastern Time

CHATTANOOGA, TN (April 16, 2018) – You are invited by Astec Industries, Inc. (NASDAQ: ASTE) to participate in a conference call to review the company’s First Quarter financial results.

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