Brief: Astec Industries Reports Q1 Earnings Per Share Of $0.63

Astec Industries

23/04/2019 12:34

April 23 (Reuters) - Astec Industries Inc  ASTE.O :
    * ASTEC INDUSTRIES REPORTS FIRST QUARTER 2019 RESULTS
    * Q1 EARNINGS PER SHARE $0.63
    * Q1 SALES $325.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$338.7
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $0.82 -- REFINITIV IBES
DATA
    * DISAPPOINTED THAT PERFORMANCE IN Q1 DID NOT MEET ITS
EXPECTATIONS
    * ALL THREE SEGMENTS EXPERIENCED PRICING PRESSURE FROM
COMPETITORS
IN A TIGHTER MARKET
    * TEMPORARY WEATHER RELATED SHUTDOWNS AT SEVEN OF
SUBSIDIARIES
IMPACTED ABILITY TO BUILD AND SHIP EQUIPMENT
    * LOWER THAN EXPECTED VOLUMES IMPACTED GROSS MARGINS AT
SEVERAL OF
SUBSIDIARIES IN  QUARTER

Source text for Eikon:  ID:nGNXbkmVpx 
Further company coverage:  ASTE.O 

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