Astec Industries: Q1 Earnings Snapshot

May 4, 2022 GMT

CHATTANOOGA, Tenn. (AP) _ Astec Industries Inc. (ASTE) on Wednesday reported first-quarter earnings of $4.1 million.

On a per-share basis, the Chattanooga, Tennessee-based company said it had net income of 18 cents. Earnings, adjusted for non-recurring costs, were 41 cents per share.

The maker of equipment for building, paving and mining posted revenue of $291.2 million in the period.

Astec Industries shares have decreased 41% since the beginning of the year. The stock has dropped 47% in the last 12 months.


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