Astec Industries, Inc. (ASTE) reported first-quarter 2024 adjusted earnings per share of 34 cents, missing the Zacks Consensus Estimate of 87 cents. The bottom line also marked a 62% decline from earnings per share of 90 cents in the prior-year quarter.Including one-time items, the company’s earnings of 15 cents per share in the quarter under review compared with earnings of 53 cents in the year-ago quarter.Revenues & BacklogAstec’s revenues decreased 11.1% year over year to $309 million in the quarter unde ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-11595 Astec Industries, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0873631 (State or ...

财务数据和关键指标变化 - 净销售额下降11.1%至3.092亿美元,主要由于材料解决方案部门的融资能力限制和产品转换较慢,以及基础设施解决方案部门的供应链延迟 [21] - 调整后EBITDA下降46.3%至1,890万美元,调整后EBITDA利润率下降400个基点至6.1%,主要由于销量下降导致制造效率下降和其他期间成本 [22] - 调整后每股收益下降62.2%至0.34美元 [23] 各条业务线数据和关键指标变化 基础设施解决方案 - 净销售额下降6.2%至2.022亿美元,主要由于特定供应链问题,但部分被零件销售增加所抵消 [24] - 分部经营调整后EBITDA利润率下降50个基点至12.7% [24] 材料解决方案 - 净销售额下降19.1%至1.07亿美元,主要由于设备销售下降,归因于承包商和经销商的融资能力限制和产品转换较慢 [25] - 分部经营调整后EBITDA利润率下降600个基点至5% [25] 各个市场数据和关键指标变化 - 美国国内销售下降13.5%,国际销售下降0.9% [21] - 设备销售下降18.6%,零件销售增加10.3% [21] 公司战略和发展方向及行业竞争 - 公司推出新的战略框架,以"赋能、赋能和参与的员工"、"以客户为中心的行业变革性创新"为三大支柱 [9][10][11] - 公司在2024年世界沥青/Agg1展会上推出了多款新产品,包括利用再生沥青的ReMix CCPR系统、提高筛分性能的Vari-Frequency Screen Technology等,受到客户好评 [17] - 公司面临来自大型竞争对手的价格竞争,主要体现在提供长期0利率的贷款优惠,公司正在采取措施应对 [71][72] 管理层对经营环境和未来前景的评论 - 基础设施解决方案业务前景向好,预计将持续强劲需求 [30][31] - 材料解决方案业务前景短期内面临挑战,公司已采取成本优化措施 [40][41] - 公司对2024年全年收入持平至单位数增长的目标保持信心 [35][36][37][50] - 公司看好未来几年的创新产品带来的增长机会 [47] 问答环节重要的提问和回答 问题1 **Stanley Elliott 提问** 询问公司在第一季度的业务进展情况,以及4月份的表现 [34][35] **Jaco van der Merwe 回答** 材料解决方案业务低于预期,但基础设施解决方案业务,特别是沥青和混凝土设备订单强劲,4月份表现良好 [35][36][37][50] 问题2 **Mig Dobre 提问** 询问公司全年收入持平至单位数增长的目标是否可实现,考虑到第一季度订单和交货量的情况 [45][46][48][49] **Jaco van der Merwe 回答** 公司4月份沥青和混凝土设备订单强劲,加上新产品投放,有信心实现全年目标 [50][51] 问题3 **Stephen Ferazani 提问** 询问公司在第一季度遇到的供应链挑战是否会持续,以及公司采取的应对措施 [59][60] **Jaco van der Merwe 回答** 这是一个特定的电子元件供应问题,公司已经找到替代供应商,未来几个季度内将得到解决 [60][61][62]

NEWS RELEASE ASTEC REPORTS FIRST QUARTER 2024 RESULTS First Quarter 2024 Overview (all comparisons are made to the corresponding prior year first quarter unless otherwise specified): • Implied orders increased 2.4% sequentially from the fourth quarter. • Backlog of $559.8 million as of March 31, 2024 approaching historical range. • Net sales decreased 11.1% to $309.2 million. • Gross margin of 24.9% decreased 70 basis points. • Diluted EPS of $0.15 compared to $0.53; Adjusted EPS of $0.34 compared to $0.90. ...

CHATTANOOGA, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company’s first quarter 2024 financial results. Astec Industries, Inc. will be releasing the company’s first quarter results to the wire service on Wednesday, May 1, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, May 1, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, He ...

CHATTANOOGA, Tenn., April 08, 2024 (GLOBE NEWSWIRE) -- You are invited by Astec Industries, Inc. (NASDAQ:ASTE) to participate in a conference call to review the company's first quarter 2024 financial results. Astec Industries, Inc. will be releasing the company's first quarter results to the wire service on Wednesday, May 1, 2024 at approximately 7:00 a.m. Eastern Time. The live call will begin on Wednesday, May 1, 2024 at 8:30 a.m. Eastern Time. Jaco van der Merwe, President and Chief Executive Officer, He ...

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行业分析 - 制造业-建筑和采矿行业目前表现良好 Zacks行业排名为46 超过250个行业 处于行业前三分之一 [1] - 行业整体趋势向好 可能带动行业内所有公司股价上涨 [1] 公司分析 - Astec Industries近期盈利预测上调 显示分析师对公司短期和长期前景更加乐观 [2] - 过去一个月 公司当前季度每股收益预测从90美分上调至92美分 当前年度每股收益预测从2.87美元上调至2.90美元 [2] - 公司目前Zacks评级为3级(持有) 这是一个积极的信号 [2] 投资建议 - Astec Industries是一个值得考虑的投资选择 不仅所在行业表现强劲 公司自身也显示出良好的盈利预测上调趋势 [2]

制造业-建筑和采矿行业趋势 - 制造业-建筑和采矿行业受益于美国基础设施投资支出增加和矿业部门的强劲需求[1] - Caterpillar Inc.、Komatsu、H&E Equipment Services和Astec Industries, Inc.等公司有望受益于市场需求趋势[2] - 行业参与者正在投资数字化倡议，如人工智能、云计算、高级分析和机器人技术[7] 行业前景和表现 - 行业前景看好，Zacks行业排名显示制造业-建筑和采矿行业处于较好位置[8] - 行业在过去一年中表现优于Zacks S&P 500综合指数和其部门[12] - 行业目前的企业价值/EBITDA（EV/EBITDA）F12M比率为11.06，低于S&P 500的12.31和工业产品部门的18.70[13] 公司业绩和股票表现 - Komatsu的股票在过去三个月中上涨了17.5%，公司的盈利预期也在增长[16] - H&E Equipment Services在2023年实现了创纪录的营收，公司的股票在过去三个月中上涨了28%[17] - Caterpillar在过去12个季度中实现了营收和盈利的年度增长，公司的股票在过去三个月中上涨了32.3%[19] - Astec公司通过其OneASTEC业务模式取得进展，股票在过去三个月中上涨了28%[22]

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