Astec Industries' Dip Puts Shares Even More On Sale
Astec Industries is currently viewed as a 'buy' due to its attractive valuation and growth from acquisitions, despite recent share price declines. The company's Materials Solutions segment experienced significant revenue growth of 70.6% year-over-year, while its Infrastructure Solutions segment faced stagnant sales. Recent acquisitions have notably increased the company's backlog, driven primarily by domestic demand.
- ▪Astec Industries' Materials Solutions segment grew 70.6% in Q1.
- ▪The Infrastructure Solutions segment reported flat sales and declining margins.
- ▪Recent acquisitions have significantly boosted the company's backlog.
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