Astec Industries Reports Fourth Quarter and Full Year 2018 Results
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Astec Industries (ASTE) Tops Q4 EPS by 4c, Revenues Beat
March 1, 2019 7:04 AM ESTAstec Industries (NASDAQ: ASTE) reported Q4 EPS of $0.61, $0.04 better than the analyst estimate of $0.57. Revenue for the quarter came in at $317 million versus the consensus estimate of $314.98 million.
In the fourth quarter of 2018, the Company recorded charges totaling $90.6 million resulting from a write-off related to the Hazlehurst wood pellet plant, an inventory valuation adjustment, the exit of a subsidiary business in Germany and an impairment of goodwill. The following financial information for the fourth quarters and full years ended December 31, 2018 and 2017 excludes all of the impact of wood pellet plant activity,... More