Brief: Astec Industries Reports Q4 Sales $317 Mln

Astec Industries

01/03/2019 12:49

March 1 (Reuters) - Astec Industries Inc  ASTE.O :
    * ASTEC INDUSTRIES REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS
    * Q4 NON-GAAP EARNINGS PER SHARE $0.61
    * Q4 SALES $317 MILLION VERSUS REFINITIV IBES ESTIMATE OF $315 MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $0.57 -- REFINITIV IBES DATA
    * COMPANY EXITS WOOD PELLET PLANT BUSINESS
    * QTRLY LOSS PER SHARE $2.08
    * COMPANY'S BACKLOG AT DECEMBER 31, 2018 WAS $345.0 MILLION COMPARED TO
$411.5
MILLION AT DECEMBER 31, 2017
    * IN Q4 OF 2018, COMPANY RECORDED CHARGES TOTALING $90.6 MILLION RESULTING
FROM A
WRITE-OFF RELATED TO HAZLEHURST WOOD PELLET PLANT

Source text for Eikon:  ID:nGNX6KH5ZM 
Further company coverage:  ASTE.O 

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