BUZZ-Astec Industries rises after quarterly profit beat

Reuters

02-27

BUZZ-Astec Industries rises after quarterly profit beat

** Shares of road-building equipment maker Astec Industries ASTE.O up 15.9% at $36.09

** Company reports an adj. EPS of $1.19, above analysts' estimates of $0.73, according to data compiled by LSEG

** Demand for the company's road-building equipment rose in Q4, driven by a strong infrastructure construction market, with demand for asphalt and concrete plants

** ASTE reports revenue of $359.0 mln for Q4, below analysts' estimates of $371.4 mln

** Company also expects FY25 adj. EBITDA in the range of $105 mln to $125 mln

** ASTE shares fell 9.7% in 2024

(Reporting by Nithyashree R B)

((NithyashreeRB@thomsonreuters.com;))

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