Rock to Road

News
Astec sees bumpy road ahead


April 26, 2011
By Jennifer Booton

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.

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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