CHATTANOOGA, Tenn. (AP) — CHATTANOOGA, Tenn. (AP) — Astec Industries Inc. (ASTE) on Wednesday reported fourth-quarter earnings of $21.1 million.
The Chattanooga, Tennessee-based company said it had net income of 92 cents per share. Earnings, adjusted for non-recurring costs, were $1.19 per share.
The maker of equipment for building, paving and mining posted revenue of $359 million in the period.
For the year, the company reported profit of $4.3 million, or 19 cents per share. Revenue was reported as $1.31 billion.
Astec Industries shares have declined 7% since the beginning of the year. The stock has declined 12% in the last 12 months.
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