ASTE Q2 2023 Earnings — Astec Industries, Inc. Revenue & Financial Results | Market Cap Arena

ASTEAstec Industries, Inc.

$1B

Q2 2023 Earnings

Industrials Agricultural - Machinery

Income Statement

Revenue

$350M+10.0% YoY

Gross Profit

$83M23.7% margin

Operating Income

$17M4.9% margin

Net Income

$13M3.7% margin

EPS (Diluted)

$0.58

QoQ Revenue Growth

+0.6%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

$8M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$363M

Stockholders' Equity

$647M

Cash & Equivalents

$45M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$350M	$318M	+10.0%
Gross Profit	$83M	$61M	+36.8%
Operating Income	$17M	$6M	+198.3%
Net Income	$13M	-$4M	+435.9%

Revenue Segments

Infrastructure Group

$218M63%

Material Solutions

$130M37%

Geographic Segments

UNITED STATES

$286M83%

AUSTRALIA

$14M4%

CANADA

$14M4%

Africa

$10M3%

BRAZIL

$9M3%

Europe

$6M2%

Asia

$3M1%

MEXICO

$2M1%

Others

$2M1%

Central America

$1M0%