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AI brief of an SEC Form 8-K · Astec Industries (ASTE)

Astec Industries Q3 sales fall 3.9% to $291.4 million; net loss of $6.2 million

Mixed Impact 3 of 5 earnings Written later

Astec Industries reported third quarter 2024 net sales of $291.4 million, down 3.9% from a year earlier, and a net loss of $6.2 million. The loss included an $8.4 million charge to settle a legacy litigation matter, while adjusted EPS rose to $0.31 from $(0.01). Shareholders face lower sales and a continued GAAP loss, partly offset by higher adjusted earnings.

Key points

  • Net sales were $291.4 million, down 3.9%, with Materials Solutions sales down 9.6% to $126.4 million
  • Net loss was $6.2 million, or $(0.27) per diluted share, including an $8.4 million legacy litigation settlement charge
  • Adjusted EPS was $0.31 compared with $(0.01) a year earlier; Adjusted EBITDA was $17.4 million, up $7.4 million
  • Free cash flow was $19.9 million in the quarter; for the nine months it was $(29.6) million

The filing

CompanyAstec Industries (ASTE)
Form8-K, current report
Filed with the SECNov 6, 2024, 7:02 AM ET
Accession number0000792987-24-000051

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.