Back to top

Image: Bigstock

Astec Industries, Inc.

Read MoreHide Full Article

Astec Industries’ earnings increased 25% year over year to $0.10 per share in the third quarter of 2015, mainly driven by new product offerings and lean manufacturing initiatives. Astec continues to invest significantly toward increasing its capacity, acquisitions and manufacturing new products while upgrading the existing ones. Astec remains committed to improving sales volume and continue to focus on margins. The company will benefit from start-up of the new pallet plant. Acquisitions remain a key piece of Astec’s growth strategy along with organic growth and targeted sales growth efforts both in the U.S. and international markets. Extension of long-term highway bill and order escalation will also drive growth.


 


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Astec Industries, Inc. (ASTE) - free report >>

Published in