NASDAQ$ASTE

Astec Industries Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Astec experienced significant sales growth and margin improvement, driven by pricing actions and increased demand.

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.

Headline financials

Total Revenue

$350M

Previous: $268M+30.7%
EPS (adj)

$0.34

Previous: -$0.03+1233.3%
Adjusted EBITDA

$22.2M

No prior period
Adjusted EBITDA Margin

6.3%

No prior period
Operating Margin

0.9%

Previous: -2.1%+142.9%
Adjusted Operating Margin

4.2%

Previous: 0.3%+1300.0%
Effective Tax Rate

144.8%

No prior period
Capital Expenditures

$13.1M

Previous: $9.2M+42.4%
Free Cash Flow

-$30.2M

Previous: -$29.1M-3.8%
Net Income

-$1M

Previous: -$9.2M+89.1%
Operating Income

$3.3M

Previous: -$5.6M+158.9%
Gross Profit

$71M

Previous: $53.9M+31.7%
Cash & Equivalents

$66M

Previous: $134M-50.9%
Total Assets

$1.01B

Previous: $911M+11.3%
Stock-Based Comp

$1.4M

Previous: $1.4M+0.0%

Revenue & EPS history

Astec · Revenue · Quarterly

$350M

Q4 2022+30.7%vs Q4 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Astec · $238M total across 1 segment · Q4 2022

  • Infrastructure Solutions
    $238M+25.5%

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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