CHATTANOOGA, Tenn. (AP) — CHATTANOOGA, Tenn. (AP) — Astec Industries Inc. (ASTE) on Tuesday reported first-quarter net income of $14.3 million.
On a per-share basis, the Chattanooga, Tennessee-based company said it had profit of 62 cents. Earnings, adjusted for non-recurring costs, were 88 cents per share.
The maker of equipment for building, paving and mining posted revenue of $329.4 million in the period.
Astec Industries shares have increased 5% since the beginning of the year. The stock has fallen 17% in the last 12 months.
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