CHATTANOOGA, Tenn. (AP) — CHATTANOOGA, Tenn. (AP) — Astec Industries Inc. (ASTE) on Wednesday reported a second-quarter loss of $14 million, after reporting a profit in the same period a year earlier.
The Chattanooga, Tennessee-based company said it had a loss of 61 cents per share. Earnings, adjusted for one-time gains and costs, were 61 cents per share.
The maker of equipment for building, paving and mining posted revenue of $345.5 million in the period.
Astec Industries shares have declined 16% since the beginning of the year. The stock has dropped 41% in the last 12 months.
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