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Dec 31, 2020
Astec Q4 2020 Earnings Report
Astec reported mixed Q4 2020 results with decreased net sales but increased gross profit margin and net income.
Key Takeaways
Astec Industries reported a decrease in net sales by 15.6% to $238.9 million compared to the prior year fourth quarter. However, the company experienced an increase in gross profit margin to 23.8% and a significant increase in net income by 183.7% to $15.4 million. Diluted EPS increased to $0.67 compared to $(0.81) in the same quarter of the previous year.
Net sales decreased by 15.6% to $238.9 million.
Gross Profit Margin increased by 1410 bps to 23.8%.
Net Income increased by 183.7% to $15.4 million.
Diluted EPS increased to $0.67 from $(0.81).
Revenue by Segment
Forward Guidance
Astec will continue to build upon our positive momentum from 2020 and further transform our business to become an even stronger and more resilient organization with continued focus on operational and commercial excellence, profitable growth and long-term stakeholder value creation.
Positive Outlook
- Continued focus on operational and commercial excellence
- Profitable growth
- Long-term stakeholder value creation
- Simplify the business
- Focus and Grow the business
Historical Earnings Impact
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Avg. Return Before/After Earnings
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