NASDAQ$ASTE
Astec Industries Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Astec's Q4 2021 results were announced, revealing a sales increase but a decrease in profitability due to supply chain issues and increased costs.
Astec Industries reported a 12.1% increase in net sales to $267.8 million for Q4 2021; however, the company experienced a net loss of $9.2 million, a significant decrease from the previous year's net income of $15.4 million, primarily due to supply chain disruptions, labor restrictions, and increased SG&A costs.
- Net sales increased by 12.1% reaching $267.8 million.
- The company experienced a net loss of $9.2 million, a 159.7% decrease.
- Diluted EPS was $(0.40), a decrease compared to $0.67 in the prior year.
- Record backlog of $762.6 million was achieved.
Headline financials
Revenue & EPS history
Astec · Revenue · Quarterly
$268M
Revenue by segment
Astec · $190M total across 1 segment · Q4 2021
- Infrastructure Solutions$190M+13.6%100.0%
Forward guidance
Astec anticipates that supply chain, logistic, labor, and net inflation headwinds, along with the resurgence of COVID-19, will continue to negatively impact gross profit margin in early 2022.
Tailwinds
- Strong demand for products continued, with a record backlog of $762.6 million as of December 31, 2021.
- The Infrastructure Investment & Jobs Act provides a long-term tailwind for the business, allocating $548 billion for new infrastructure over five years.
- Progress was made on ESG initiatives, including a partnership with CarbonCure.
- Astec rebranding initiative was launched, simplifying how to do business with the Company.
- Attraction of additional workforce talent that will support capacity growth in 2022.
Headwinds
- Supply chain disruptions and logistics challenges are expected to persist in early 2022.
- Labor shortages in certain manufacturing locations continue to impact operational efficiency.
- Steel prices are expected to continue increasing into 2022 before normalized price inflation returns.
- COVID-19 variants are impacting the labor force, affecting manufacturing efficiency.
- Transformation program costs and the termination of a subsidiary pension plan negatively impacted the adjusted tax rate.
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 Q4 2021
-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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