Astec Industries (ASTE) Misses Q1 EPS by 1c
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Astec Industries Reports First Quarter 2017 Results
April 25, 2017 7:00 AM EDTCHATTANOOGA, Tenn., April 25, 2017 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today reported results for their first quarter ended March 31, 2017.Â
Net sales for the first quarter of 2017 were $318.4 million compared to $278.7 million for the first quarter of 2016, a 14% increase. Earnings for the first quarter of 2017 were $15.1 million or $0.65 per diluted share compared to $17.7 million or $0.77 per diluted share in the first quarter of 2016, a decrease in earnings per share of 16%.
Domestic sales increased 8% to $253.5 million for the first quarter of 2017 from $234.2 million for the first quarter of 2016. International sales... More
