Astec Industries (ASTE) FY2022 results: revenue $1.3 billion, up 16.2% on the year
Astec Industries Inc. (ASTE) reported revenue of $1.3 billion for fiscal 2022, the year ended 31 December 2022, up 16.2% on the year before. Net income was -$100,000, and diluted earnings per share $0.00. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$1.3 billion
+16.2% on the year
FY2015FY2022
Operating margin
0.6%
1.8% a year earlier
FY2015FY2022
Net income
-$100,000
FY2015FY2022
Diluted EPS
$0.00
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
-73.9
7.4
142
Capital expenditure
40.7
20.1
15.4
+102.5%
Free cash flow
-115
-12.7
126
Free cash flow margin
-9.0%
-1.2%
12.3%
Cash from investing
-53.2
-18.4
-20.9
Cash from financing
60.1
-12.1
-10.4
Depreciation and amortisation
27.9
30.2
26.9
-7.6%
Share-based compensation
6.8
6.0
5.1
+13.3%
Buybacks
10.1
0.0
0.0
Dividends paid
11.2
10.2
10.0
+9.8%
Dividend per share
$0.49
$0.45
$0.44
+8.9%
Diluted shares, weighted
23m
23m
23m
-0.7%
Shares outstanding at period end
23m
23m
23m
-0.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
627
651
642
-3.7%
Non-controlling interest
0.0
0.5
0.5
Debt
87.7
2.9
2.0
+2,924.1%
Operating lease liabilities
8.3
4.2
4.7
+97.6%
Other liabilities
292
247
198
+17.8%
Total liabilities and equity
1,014
906
848
+12.0%
Fixed assets
174
172
173
+1.1%
Goodwill
45.2
38.6
38.7
+17.1%
Intangible assets
22.5
22.7
31.2
-0.9%
Investments
19.0
20.8
18.0
-8.7%
Trading assets
n/a
n/a
18.0
Cash and equivalents
66.0
134
159
-50.9%
Receivables
174
142
116
+22.5%
Inventory
393
299
250
+31.7%
Other assets
121
77.2
45.3
+56.9%
Total assets
1,014
906
848
+12.0%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.