Astec Industries Q3: Loss Masks Profit, Stock Surges
Update: 2025-11-05
Description
Astec Industries, a Chattanooga-based equipment manufacturer, reported a net loss of $4.2 million for Q3, translating to an 18-cent loss per share. However, after adjusting for one-time gains and costs, the company showed a profit of 47 cents per share. Despite the net loss, Astec Industries posted $350.1 million in revenue, indicating strong sales activity. The company's stock has seen a 38% increase year-to-date and a 43% rise over the past year, reflecting investor confidence in its market position.
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