Astec reports Q3 adjusted EPS (31c) vs (1c) last year

Reports Q3 revenue $291.4M vs $303.1M last year. “In the third quarter, we had mixed results. In Infrastructure Solutions, both sales and margins were up for the quarter, while in Materials Solutions, we continued to face difficult market conditions. We made nice progress improving our cash flow in the third quarter, which continues to be a key focal point. We were also able to settle one of our previously disclosed, long-standing, legacy litigation matters related to a product we no longer own, which resulted in an $8.4 million charge in the third quarter,” said Jaco van der Merwe, Chief Executive Officer.