Astec Industries (ASTE) Misses Q3 EPS by 29c, Sales Miss

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Go back to Astec Industries (ASTE) Misses Q3 EPS by 29c, Sales Miss

Astec Industries Reports Third Quarter 2018 Results

October 23, 2018 7:00 AM EDT

CHATTANOOGA, Tenn., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) today reported results for its third quarter ended September 30, 2018.

Net sales for the third quarter of 2018 were $256.6 million compared to $252.1 million for the third quarter of 2017, a 1.8% increase. Domestic sales decreased 1.2% to $194.2 million for the third quarter of 2018 from $196.5 million for the third quarter of 2017. International sales increased 12.2% to $62.4 million for the third quarter of 2018 from $55.6 million for the third quarter of 2017.

Net income for the third quarter of 2018 was $7.0 million or $0.30... More