Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Astec (ASTE)
NASDAQ:ASTE
Holding ASTE?
Track your performance easily
Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.73Last Year’s EPS
$0.9Same Quarter Last Year
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 0.37%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
The earnings call presented mixed results. The company achieved strong cash flow and EBITDA growth with positive momentum in international sales and infrastructure solutions. However, challenges remain in the form of decreased net sales, particularly domestically, and issues in the Material Solutions segment. The company's sustainability efforts and strategic initiatives provide a positive outlook, but near-term challenges persist.Company Guidance
During the Astec Industries Third Quarter 2024 Earnings Call, the company provided guidance on several key metrics. Astec reported consolidated net sales of $291.4 million, a year-over-year decrease of 3.9% due to reduced equipment and parts sales. Despite the sales decline, the company achieved a gross margin within the prior year's range and generated $19.9 million in free cash flow. The backlog at the end of the quarter stood at $476 million, showing stability in Infrastructure Solutions and moderation in Material Solutions. Adjusted EBITDA increased by 74%, with a margin expansion of 270 basis points, highlighting strong operational efficiency efforts. Looking ahead, the company expects full-year sales to remain flat compared to the previous year, anticipates gross margins at the lower end of the 24% to 25.5% range, and plans for capital expenditures between $20 million to $25 million. Astec remains focused on operational enhancements, cost efficiencies, and strategic growth initiatives to drive sustainable growth.Cash Flow Positive
The company generated $19.9 million of free cash flow in the quarter.
Increase in Infrastructure Solutions Sales
Infrastructure Solutions net sales increased by 1.1% year-over-year.
Strong International Sales
International sales increased by 9.1% year-over-year.
Adjusted EBITDA Growth
Adjusted EBITDA increased by 74% with a 270 basis point improvement in adjusted EBITDA margin.
Sustainability Initiatives
Introduction of new sustainable products, including the Astec ReMix CCPR system and RX-405 cold planner, supporting environmental goals.
---
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
---
ASTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $33.17 | $37.93 | +14.35% |
| Aug 07, 2024 | $31.10 | $31.00 | -0.32% |
| May 01, 2024 | $41.33 | $33.39 | -19.21% |
| Feb 28, 2024 | $35.81 | $38.13 | +6.48% |
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.
---
FAQ
When does Astec (ASTE) report earnings?
Astec (ASTE) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Astec (ASTE) earnings time?
Astec (ASTE) earnings time is at Mar 03, 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 2024 (Q4) is $0.73.
---