April 26, 2011 – Astec Industries (ASTE) posted a stronger-than-expected 16% jump in first-quarter profit, led by continued growth in its international markets, though the company said it expects roadblocks ahead as the U.S. government continues to cut highway budgets.
The maker of equipment and components used in road building, utilities and related construction activates, including asphalt paving, posted net income of $10.2 million, or 44 cents a share, compared with $8.8 million, or 39 cents a share, in the same quarter last year. | READ MORE
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