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Dec 31, 2022
Astec Q4 2022 Earnings Report
Astec experienced significant sales growth and margin improvement, driven by pricing actions and increased demand.
Key Takeaways
Astec Industries reported a robust fourth quarter with a 31.2% increase in net sales, driven by volume, pricing, and mix improvements. The company's operating margin improved by 320 bps, and adjusted EPS reached $0.34 compared to a loss in the prior year. Backlog also increased by 19.7%, indicating strong future demand.
Net sales increased by 31.2% to $349.9 million.
Operating margin improved by 320 bps to 0.9%.
Adjusted EPS was $0.34, a significant increase from the prior year's loss of $(0.06).
Backlog grew by 19.7% to $912.7 million.
Revenue by Segment
Forward Guidance
Management continually reviews our organizational structure and operations to ensure they are optimized and aligned with achieving our near-term and long-term operational and profitability targets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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