NasdaqGS:ASTEMachinery
Should Astec Industries’ Margin Strain Amid Strong Sales Growth Require Action From Astec (ASTE) Investors?
Earlier this month, Astec Industries reported quarterly results showing revenue up 20.3% year on year, driven by strong growth in its Materials Solutions segment while Infrastructure Solutions sales were flat and adjusted operating income missed analyst expectations.
Shortly after, management’s appearance at the Wells Fargo Industrials & Materials Conference gave investors more detail on why robust sales have not yet translated into stronger operating profitability and cash generation.
We’ll...