Astec Industries (ASTE) Tops Q2 EPS by 4c

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Go back to Astec Industries (ASTE) Tops Q2 EPS by 4c

Astec Industries Reports Second Quarter 2016 Results

July 26, 2016 7:00 AM EDT

CHATTANOOGA, Tenn., July 26, 2016 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today reported results for their second quarter and year to date ended June 30, 2016. 

Net sales for the second quarter of 2016 were $294.4 million compared to $268.0 million for the second quarter of 2015, a 9.9% increase.  Earnings for the second quarter of 2016 were $18.2 million or $0.79 per diluted share compared to $11.8 million for the second quarter of 2015 or $0.51 per diluted share, an increase of 54.9% per diluted share. 

Domestic sales increased 24.5% to $242.2 million for the second quarter of 2016 from $194.6 million for the second... More