Astec Industries, Inc. (ASTE) Reports Third Quarter of 2010 Financial Results
Astec Industries, Inc. reported year over year increases in sales and net income in the third quarter of 2010. The company also reported a backlog of $145.6 million at the end of the quarter, up one percent from last year’s third quarter. Astec Industries, Inc. reported sales of $177.9 million in the quarter ending 9/30/2010, compared to sales of $166.1 million in the corresponding quarter of 2009. Domestic sales fell slightly on a year over basis to $98.6 million in the quarter that just ended, from $101.3 million in the third quarter of 2009. Astec Industries, Inc. saw a large…