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Astec (ASTE)
NASDAQ:ASTE
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.46Last Year’s EPS
0.34Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 12.78%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Astec Industries' record-breaking financial performance for Q4 2024, driven by strong sales in the Infrastructure Solutions segment and effective operational improvements. However, challenges remain in the Material Solutions segment due to high interest rates and dealer destocking, alongside ongoing manufacturing inefficiencies and inflation impacts. Despite these challenges, the company maintains a positive outlook with a strong balance sheet and growth in orders.Company Guidance
During the Fourth Quarter and Full Year 2024 Earnings Call for Astec Industries, management provided optimistic guidance for 2025, highlighting several key metrics. The company achieved quarterly records for net sales, adjusted net income, and adjusted EBITDA, with a 47.9% increase in adjusted EBITDA to $47.9 million, and a 360 basis point increase in margin to 13.3% for Q4. Full-year adjusted EBITDA rose slightly by 1.6% to $111.8 million, with margins improving by 40 basis points to 8.6%. For 2025, Astec anticipates adjusted EBITDA between $105 million and $125 million, with operating cash flow expected to range from $110 million to $125 million before capital expenditures. The company also projected capital expenditures between $35 million and $45 million, and adjusted SG&A between $55 million and $65 million per quarter. In terms of seasonality, they expect 40% to 45% of adjusted EBITDA in the first half of the year and 55% to 60% in the second half. The effective tax rate is projected to be between 24% and 26%, with depreciation and amortization ranging from $26 million to $30 million.Record-Breaking Quarterly Financial Performance
Astec Industries reported quarterly records for net sales, adjusted net income, and adjusted EBITDA, with adjusted EBITDA increasing by 47% to $47.9 million in Q4 2024.
Strong Performance in Infrastructure Solutions Segment
Demand for asphalt and concrete plants remained healthy, contributing to strong net sales. Full-year net sales increased by $37 million or 4.6% in this segment.
Operational Excellence and Cost Management
Operational excellence initiatives have shown positive results, helping to mitigate the impact of supply chain challenges. Improved manufacturing efficiencies were noted, with significant reduction in inventory counting days.
Positive Free Cash Flow and Liquidity
Astec generated $32.1 million in free cash flow during Q4 2024, maintaining a strong balance sheet with a total available liquidity of $228.1 million.
Growth in Implied Orders
Implied orders were up slightly year-over-year and showed a strong increase sequentially, with a 12% increase in the Material Solutions segment over Q3 2024.
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ASTE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $31.06 | $35.36 | +13.84% |
| Nov 06, 2024 | $33.05 | $37.79 | +14.34% |
| Aug 07, 2024 | $30.98 | $30.88 | -0.32% |
| May 01, 2024 | $41.18 | $33.27 | -19.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Astec (ASTE) report earnings?
Astec (ASTE) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Astec (ASTE) earnings time?
Astec (ASTE) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASTE EPS forecast?
ASTE EPS forecast for the fiscal quarter 2025 (Q1) is 0.46.
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