Astec Industries (ASTE) FY2024 results: revenue $1.3 billion, down 2.5% on the year
Astec Industries Inc. (ASTE) reported revenue of $1.3 billion for fiscal 2024, the year ended 31 December 2024, down 2.5% on the year before. Net income was $4 million, down 87.2%, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$1.3 billion
-2.5% on the year
FY2017FY2024
Operating margin
1.8%
3.6% a year earlier
FY2017FY2024
Net income
$4 million
-87.2% on the year
FY2017FY2024
Diluted EPS
$0.19
-87.1% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
23.0
27.8
-73.9
-17.3%
Capital expenditure
20.5
34.1
40.7
-39.9%
Free cash flow
2.5
-6.3
-115
Free cash flow margin
0.2%
-0.5%
-9.0%
Cash from investing
-18.0
-12.9
-53.2
Cash from financing
24.4
-18.3
60.1
Depreciation and amortisation
26.8
25.6
27.9
+4.7%
Share-based compensation
5.0
4.1
6.8
+22.0%
Buybacks
0.0
0.0
10.1
Dividends paid
11.9
11.8
11.2
+0.8%
Dividend per share
$0.52
$0.52
$0.49
0.0%
Diluted shares, weighted
23m
23m
23m
+0.3%
Shares outstanding at period end
23m
23m
23m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
638
653
627
-2.4%
Non-controlling interest
-0.2
0.3
0.0
Debt
118
83.1
87.7
+42.4%
Operating lease liabilities
5.5
6.5
8.3
-15.4%
Other liabilities
282
316
292
-10.7%
Total liabilities and equity
1,044
1,059
1,014
-1.5%
Fixed assets
182
188
174
-3.0%
Goodwill
25.0
46.3
45.2
-46.0%
Intangible assets
11.2
16.4
22.5
-31.7%
Investments
21.9
19.5
19.0
+12.3%
Cash and equivalents
90.8
63.2
66.0
+43.7%
Receivables
167
153
174
+9.5%
Inventory
423
456
393
-7.2%
Other assets
123
118
121
+4.2%
Total assets
1,044
1,059
1,014
-1.5%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.