ASTEC INDUSTRIES INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
ASTE$37.63+5.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net sales | $1,338.2 | $1,274.5 | $1,095.5 |
| Cost of sales | 1,007.4 | 1,010.4 | 846.0 |
| Gross profit | 330.8 | 264.1 | 249.5 |
| Selling, general and administrative expenses | 276.4 | 247.6 | 227.1 |
| Restructuring, impairment and other asset charges, net | 5.8 | 9.0 | 2.5 |
| Income from operations | 48.6 | 7.5 | 19.9 |
| Other expenses, net: | |||
| Interest expense | (8.9) | (2.5) | (1.1) |
| Interest income | 2.1 | 1.0 | 0.5 |
| Other income (expenses), net | 1.0 | (1.6) | (5.5) |
| Income before income taxes | 42.8 | 4.4 | 13.8 |
| Income tax provision (benefit) | 9.1 | 5.0 | (2.1) |
| Net income (loss) | 33.7 | (0.6) | 15.9 |
| Net (income) loss attributable to noncontrolling interest | (0.2) | 0.5 | (0.1) |
| Net income (loss) attributable to controlling interest | $33.5 | $(0.1) | $15.8 |
| Per share data: | |||
| Earnings per common share - Basic | $1.47 | $— | $0.70 |
| Earnings per common share - Diluted | $1.47 | $— | $0.69 |
| Weighted average shares outstanding - Basic | 22,719,900 | 22,790,717 | 22,726,767 |
| Weighted average shares outstanding - Diluted | 22,781,369 | 22,790,717 | 22,948,632 |
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