CHATTANOOGA, Tenn. (AP) — CHATTANOOGA, Tenn. (AP) — Astec Industries Inc. (ASTE) on Wednesday reported first-quarter earnings of $3.4 million.
On a per-share basis, the Chattanooga, Tennessee-based company said it had net income of 15 cents. Earnings, adjusted for non-recurring costs, were 34 cents per share.
The maker of equipment for building, paving and mining posted revenue of $309.2 million in the period.
Astec Industries shares have increased 12% since the beginning of the year. The stock has increased roughly 1% in the last 12 months.
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