Edition:
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Astec Industries Reports Q1 Earnings Per Share Of $0.63


Tuesday, 23 Apr 2019 07:02am EDT 

April 23 (Reuters) - Astec Industries Inc ::ASTEC INDUSTRIES REPORTS FIRST QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.63.Q1 SALES $325.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $338.7 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.82 -- REFINITIV IBES DATA.DISAPPOINTED THAT PERFORMANCE IN Q1 DID NOT MEET ITS EXPECTATIONS.ALL THREE SEGMENTS EXPERIENCED PRICING PRESSURE FROM COMPETITORS IN A TIGHTER MARKET.TEMPORARY WEATHER RELATED SHUTDOWNS AT SEVEN OF SUBSIDIARIES IMPACTED ABILITY TO BUILD AND SHIP EQUIPMENT.LOWER THAN EXPECTED VOLUMES IMPACTED GROSS MARGINS AT SEVERAL OF SUBSIDIARIES IN QUARTER. 

Company Quote

30.63
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17 May 2019