NASDAQ$ASTE
Astec Industries Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Astec's financial results were negatively impacted by supply chain disruptions, but demand remained strong and backlog reached record levels.
Astec Industries reported a net sales increase of 14.6% to $318.2 million, but experienced a net loss of $3.9 million compared to a net income of $8.3 million in the prior year. The company's backlog increased significantly by 92.0% to $837.4 million. Financial results were negatively impacted by supply chain disruptions and inflationary pressures.
- Net Sales increased 14.6% to $318.2 million.
- Gross Profit Margin decreased 480 bps to 19.0%.
- Net Income decreased 147.0% to a loss of $3.9 million.
- Backlog increased 92.0% to a record level of $837.4 million.
Headline financials
Revenue & EPS history
Astec · Revenue · Quarterly
$318M
Revenue by segment
Astec · $210M total across 1 segment · Q2 2022
- Infrastructure Solutions$210M+16.3%100.0%
Forward guidance
Astec will continue to realize prior pricing actions as they ship backlog and, if necessary, take additional pricing actions to combat new inflationary pressures.
Tailwinds
- Demand for Astec products continued.
- Backlog remained at record levels.
- The company will continue to realize prior pricing actions as they ship our backlog.
- Astec is well-positioned to execute its Simplify, Focus and Grow strategy.
- There is a tailwind in demand provided by the long-term federal infrastructure bill.
Headwinds
- Financial results were negatively impacted by lingering supply chain disruptions.
- The procurement team is laser-focused on sourcing purchased components and mitigating inbound deliveries and increased costs.
- Steel prices began increasing in the latter part of 2020.
- Global supply chain disruptions caused by the Russia-Ukraine conflict have added further pressure on steel prices.
- COVID-19 pandemic may continue to negatively disrupt our business and results of operations in the future.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-1.3%
Avg return
Earnings day
-0.8%
Avg return
5 days after
-0.7%
Avg return
30 days after
46%
31 / 68 earnings
Positive
+18.2%
Q2 2016
Best reaction
-30.6%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -14.5% | -15.9% | -19.9% | |
| Q4 2025 | +4.8% | +9.3% | -10.9% | |
| Q3 2025 | -2.2% | -0.9% | -2.6% | |
| Q1 2025 | +6.7% | +8.1% | +12.2% | |
| Q4 2024 | +13.9% | +11.4% | +12.4% | |
| Q3 2024 | +11.6% | +16.9% | +13.2% | |
| Q2 2024 | +1.3% | +0.7% | -3.0% | |
| Q1 2024 | -20.7% | -21.9% | -22.3% | |
| Q4 2023 | +11.8% | +11.9% | +20.3% | |
| Q3 2023 | -25.5% | -21.3% | -19.7% | |
| Q2 2023 | +2.5% | +4.5% | +6.6% | |
| Q1 2023 | -2.8% | -0.4% | +0.5% | |
| Q4 2022 | +8.5% | +4.0% | -8.4% | |
| Q3 2022 | -2.3% | +0.9% | +0.6% | |
| Q2 2022 | -15.2% | -13.6% | -22.2% | |
| Q1 2022 | +3.2% | +2.8% | +16.6% | |
| Q4 2021 | -6.3% | -6.9% | -15.9% | |
| Q3 2021 | +11.8% | +35.4% | +16.3% | |
| Q2 2021 | -1.9% | -2.7% | -2.2% | |
| Q1 2021 | -12.2% | -11.8% | -10.0% | |
| Q4 2020 | +4.5% | +5.2% | +11.0% | |
| Q3 2020 | -9.0% | -0.7% | +13.9% | |
| Q2 2020 | +11.3% | +15.5% | +16.9% | |
| Q1 2020 | +5.1% | +6.0% | +28.5% | |
| Q4 2019 | +2.0% | +3.8% | +32.2% | |
| Q3 2019 | +5.4% | +8.3% | +15.0% | |
| Q2 2019 | +6.5% | +6.2% | -10.3% | |
| Q1 2019 | -23.2% | -22.1% | -30.4% | |
| Q4 2018 | +3.3% | +2.6% | -1.0% | |
| Q3 2018 | -30.6% | -28.3% | -26.9% | |
| Q2 2018 | -16.8% | -20.6% | -21.3% | |
| Q1 2018 | -2.1% | -2.8% | +2.2% | |
| Q4 2017 | +1.2% | +1.3% | -8.7% | |
| Q3 2017 | -2.2% | -0.2% | +5.7% | |
| Q2 2017 | -10.4% | -9.4% | -15.8% | |
| Q1 2017 | +0.1% | +0.0% | -11.8% | |
| Q4 2016 | -7.0% | -9.5% | -13.4% | |
| Q3 2016 | -11.2% | -9.9% | +9.3% | |
| Q2 2016 | +18.2% | +14.8% | +14.3% | |
| Q1 2016 | +6.0% | — | — | |
| Q4 2015 | +4.7% | — | — | |
| Q3 2015 | -8.4% | — | — | |
| Q2 2015 | -7.1% | — | — | |
| Q1 2015 | +3.2% | — | — | |
| Q4 2014 | +8.6% | — | — | |
| Q3 2014 | -5.5% | — | — | |
| Q2 2014 | +2.7% | — | — | |
| Q1 2014 | -4.4% | — | — | |
| Q4 2013 | +10.7% | — | — | |
| Q3 2013 | -2.3% | — | — | |
| Q2 2013 | -2.0% | — | — | |
| Q1 2013 | +3.0% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | -2.1% | — | — | |
| Q2 2012 | +2.9% | — | — | |
| Q1 2012 | -5.8% | — | — | |
| Q4 2011 | -2.6% | — | — | |
| Q3 2011 | -4.4% | — | — | |
| Q2 2011 | +1.4% | — | — | |
| Q1 2010 | -0.7% | — | — | |
| Q1 2011 | +3.5% | — | — | |
| Q4 2008 | -1.3% | — | — | |
| Q4 2010 | -1.3% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q3 2009 | -1.4% | — | — | |
| Q2 2010 | -1.5% | — | — | |
| Q4 2009 | -1.5% | — | — | |
| Q2 2009 | -1.5% | — | — |
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