ASTE Earnings Prediction
The chart below shows how ASTE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ASTE sees a +3.55% change in stock price 10 days leading up to the earnings, and a +0.62% change 10 days following the report. On the earnings day itself, the stock moves by -4.77%. This data can give you a slight idea of what to expect for the next quarter's release.
ASTE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
291.40M
-3.86%
-15.66%
Gross Margin
22.96%
0.00%
-2.67%
Operating Margin
3.40%
319.35%
-45.07%
Net Margin
-2.13%
-0.47%
-47.41%
EPS
-0.27
-6.90%
-55.74%
No Data Available
ASTE Earnings Analysis
Astec Industries Inc Corporation (ASTE.O) Earnings Conference Call
Positive
Net Sales Decline: On a consolidated basis, we delivered $291.4 million in net sales, which was slightly less on a year-over-year basis due to reductions in equipment and parts sales.
Stable Gross Margin: Gross margin was stable and generally in line with the prior year.
Positive Cash Flow Generation: Importantly, we were cash flow positive in the quarter, having generated $19.9 million of free cash flow.
Infrastructure Market Demand: In Infrastructure Solutions, we benefited from the strong infrastructure construction market, which continued to generate healthy demand for asphalt and concrete plant deliveries.
Quarterly Backlog Total: We ended the quarter at $476 million in backlog.
Negative
Net Sales Decline: net sales decreased 3.9% to $291.4 million in the quarter year-over-year.
Domestic vs. International Sales: overall net domestic sales were down 8% year-over-year, while international sales increased 9.1%.
Net Sales Decline: material solutions net sales decreased 9.6% to $126.4 million, driven by lower domestic equipment sales.
Earnings Per Share Improvement: adjusted earnings per share was $0.31 compared to a total loss of $0.01 in the prior year.
Cash Position Decline: we ended the quarter with cash and cash equivalents of $52.7 million, a decrease from previous levels.
ASTE FAQs
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ASTE Earning Call Sentiment
Astec Industries, Inc. (ASTE) Q3 2024 Earnings Conference Call Transcript
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00:00
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ASTE.O
-5.35%Positive
The earnings call presents mixed signals. Financial performance is stable with positive cash flow and increased EBITDA, but net sales are down. The Q&A reveals optimism about future orders and growth potential, but also highlights challenges like dealer destocking and economic pressures. The lack of specific guidance on certain issues adds uncertainty. Overall, the company's stable financial health and optimistic outlook are counterbalanced by competitive pressures and economic factors, leading to a neutral sentiment.
