CHATTANOOGA, Tenn. (AP) — CHATTANOOGA, Tenn. (AP) — Astec Industries Inc. (ASTE) on Wednesday reported first-quarter profit of $1.3 million.
The Chattanooga, Tennessee-based company said it had profit of 6 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.
The maker of equipment for building, paving and mining posted revenue of $396.3 million in the period.
Astec Industries shares have climbed 45% since the beginning of the year. The stock has increased 64% in the last 12 months.
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