Astec Industries (ASTE) reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $21.1 million, or $0.92 per share. This compares with $14.9 million, or $0.65 per share, last year.
Excluding items, Astec Industries reported adjusted earnings of $27.2 million or $1.19 per share for the period.
Analysts on average had expected the company to earn $0.73 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.5% to $359.0 million from $337.2 million last year.
Astec Industries earnings at a glance (GAAP) :
-Earnings: $21.1 Mln. vs. $14.9 Mln. last year.
-EPS: $0.92 vs. $0.65 last year.
-Revenue: $359.0 Mln vs. $337.2 Mln last year.
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