Astec Industries, Inc. (OQ:ASTE)
Business Focus: Construction Machinery
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1725 Shepherd Rd CHATTANOOGA TN 37421-2947 |
| Tel: | 1-423-8994456 |
| Website: | https://www.astecindustries.com |
| IR: | See website |
| Key People | ||
| Jaco G. van Der Merwe President, Chief Executive Officer, Director | Heinrich Jonker Interim Chief Financial Officer, Vice President - Finance, Infrastructure Solutions | Michael Norris Group President - Materials Solutions |
| Barend Snyman Group President - Infrastructure | Stephen C. Anderson Senior Vice President, Administration and Investor Relations, Corporate Secretary | Jamie E. Palm Chief Accounting Officer, Vice President, Corporate Controller | Aletheia D. Silcott Global Vice President, Head of Human Resources |
| Business Overview |
| Astec Industries, Inc. designs, engineers, manufactures, markets, and equipment and components used primarily in asphalt and concrete road building and related construction activities. Its Infrastructure Solutions segment designs, engineers, manufactures and markets a complete line of asphalt and concrete plants, components and ancillary equipment, and asphalt road construction equipment, industrial thermal systems, land clearing, recycling and other heavy equipment. Its Materials Solutions segment designs and manufactures heavy rock processing equipment, in addition to servicing and supplying parts for the aggregate, mining, recycling, ports and bulk handling markets. The Company's products are marketed both domestically and internationally primarily to asphalt producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors, and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Astec Industries, Inc. revenues increased 5% to $1.34B. Net income totaled $33.5M vs. loss of $100K. Revenues reflect Infrastructure Group segment increase of 4% to $878.8M, Material Solutions segment increase of 6% to $450M, United States segment increase of 7% to $1.08B, Australia segment increase of 19% to $55.7M. Net Income reflects Research and development expenses decrease of 30% to $22M (expense). |
| Employees: | 4,322 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $994.44M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,338M as of Dec 31, 2023 |
| EBITDA (TTM): | $80.00M as of Dec 31, 2023 |
| Net annual income (TTM): | $33.50M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$18.10M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $14.20M as of Dec 31, 2023 |
| Shares outstanding: | 22,743,379 as of Feb 23, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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