Trade Astec Industries Inc - ASTE CFD

Astec Company profile

About Astec Industries, Inc.

Astec Industries, Inc. designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment comprises approximately12 sites and designs, engineers, manufactures and markets a complete line of asphalt plants, concrete plants and their related components and ancillary equipment as well as supplying other heavy equipment. The Materials Solutions segment comprises approximately nine sites and designs and manufactures heavy processing equipment, in addition to servicing and supplying parts for the aggregate, metallic mining, recycling, ports and bulk handling markets. Its products are marketed both domestically and internationally primarily to asphalt producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers, and construction, demolition, recycle and crushing contractors.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Astec Industries, Inc. revenues increased 7% to $1.1B. Net income before extraordinary items decreased 52% to $17.8M. Revenues reflect Infrastructure Group segment increase from $69.4M to $748M, Material Solutions segment increase of 9% to $349.2M, United States segment increase of 3% to $842.1M, Australia segment increase of 52% to $43.4M. Net income was offset by Selling.

Equity composition

Common Stock $.20 Par, 2/11, 40M auth., 22,648,522 issd. Insiders own 17.18%. IPO 6/86, 1M shares @ $12.00 by MorganKeegan. PO 6/93, 1.5M shares (1.2M by Co.) @ $24.50 by Raymond James. 1/99, 9/93, 2-for-1 stock split.