Astec Industries (ASTE) Misses Q4 EPS by 20c
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Astec Industries Reports Fourth Quarter and 2015 Results
February 23, 2016 7:01 AM ESTCHATTANOOGA, Tenn., Feb. 23, 2016 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today reported results for their fourth quarter and year ended December 31, 2015.Â
Net sales for the fourth quarter of 2015 were $215.0 million compared to $239.5 million for the fourth quarter of 2014, a 10.2% decrease. Net income attributable to controlling interest for the fourth quarter of 2015 was $3.6 million or $0.16 per diluted share compared to $8.5 million or $0.37 per diluted share in the fourth quarter of 2014, a decrease of 57.6%.
Domestic sales increased 5.7% to $160.3 million for the fourth quarter of 2015 from $151.6 million for the fourth quarter of 2014. ... More
