Brief: Astec Industries Q2 Non-GAAP EPS $0.36

Astec Industries

23/07/2019 14:05

July 23 (Reuters) - Astec Industries Inc  ASTE.O :
    * Q2 NON-GAAP EARNINGS PER SHARE $0.36
    * ASTEC INDUSTRIES APPOINTS NEW PRESIDENT AND CHIEF
EXECUTIVE
OFFICER AND REPORTS SECOND QUARTER 2019 RESULTS
    * Q2 SALES $304.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$300
MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $0.41 -- REFINITIV IBES
DATA
    * SAYS BARRY RUFFALO APPOINTED CEO AND PRESIDENT
    * RUFFALO HAS ALSO BEEN ELECTED TO BOARD OF DIRECTORS.
    * RICHARD DORRIS, INTERIM CHIEF EXECUTIVE OFFICER, WILL
RESUME HIS
ROLE AS CHIEF OPERATING OFFICER.
    * ASTEC INDUSTRIES - QUARTER-END BACKLOG AT JUNE 30, 2019
WAS
$246.1 MILLION, A DECREASE OF $56.8 MILLION OR 18.8% COMPARED TO
JUNE 30, 2018 BACKLOG OF $302.9 MILLION
    * NET INCOME FOR Q2 OF 2019 WAS $23.4 MILLION OR $1.03 PER
DILUTED
SHARE

Source text: https://reut.rs/2Y07Q3E
Further company coverage:  ASTE.O 

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