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Last €32.07 EUR
Change Today +0.65 / 2.06%
Volume 0.0
AI2 On Other Exchanges
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As of 3:05 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1725 Shepherd Road

Chattanooga, TN 37421

United States

Phone: 423-899-5898

Fax: 423-899-4456

Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities, as well as other products. The company's products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. The company also manufactures certain equipment and components unrelated to road construction, including equipment for the mining, quarrying, construction and demolition industries and port and rail yard operators; gas and oil drilling rigs; water well and geothermal drilling rigs; industrial heat transfer equipment; whole-tree pulpwood chippers; horizontal grinders; and blower trucks. The company also manufactures a line of multiple use plants for cement treated base, roller compacted concrete and ready-mix concrete. The company newly developed and began marketing pelletizing equipment used to compress wood and other products into dense pellets for the renewable energy market among other applications. The company's products are marketed both domestically and internationally. In addition to equipment sales, the company manufactures and sells replacement parts for equipment in each of its product lines and replacement parts for some competitors' equipment. The distribution and sale of replacement parts is an integral part of the company's business. Segments The company's business segments are Infrastructure Group, Aggregate and Mining Group, and Energy Group. Infrastructure Group segment This segment is made up of five business units. These business units include Astec, Inc. (Astec); Roadtec, Inc. (Roadtec); Carlson Paving Products, Inc. (Carlson); Astec Mobile Machinery GmbH (AMM); and Astec Australia Pty Ltd (Astec Australia). Three of the business units (Astec, Roadtec, and Carlson) design, engineer, manufacture, and market a line of asphalt and wood pellet plants and their related components, and asphalt pavers and related ancillary equipment. The other two business units (AMM and Astec Australia) primarily sell, service, and install products produced by the manufacturing subsidiaries of the company with a majority of their sales to customers in the infrastructure industry. Products Astec designs, engineers, manufactures, and markets a line of asphalt and wood pellet plants and related components for the asphalt paving and other industries. Certain component equipment supplied by Astec for complete asphalt and wood pellet plants is manufactured by other company subsidiaries, including heating and storage equipment (manufactured by the company's Energy Group) and material handling equipment (manufactured by the company's Aggregate and Mining Group). A typical asphalt mixing plant consists of heating and storage equipment for liquid asphalt; cold feed bins for blending aggregates; a counter-flow continuous type unit (Astec Double Barrel) for drying, heating and mixing; a baghouse consisted of air filters and other pollution control devices; hot storage bins or silos for temporary storage of hot-mix asphalt; and a control house. Astec’s current generation of portable asphalt plants is marketed as the Six Pack and consists of six or more portable components designed to be relocated from one construction site to another. Astec's improved version of the Six Pack, known as the Turbo Six Pack, is a highly portable plant, which is primarily useful in less populated areas where plants must be moved from job-to-job and could be disassembled and erected without the use of cranes. Astec developed the patented Double Barrel Green System, which allows the asphalt mix to be prepared and placed at lower temperatures than conventional systems and operates with a reduction in smoke emissions during paving and load-out. Previous technologies for warm mix production rely on expensive additives, procedures, and/or special asphalt cement delivery systems that increase the cost per ton of mix. The company's new Astec multi-nozzle device eliminates the need for the expensive additives by mixing a small amount of water and asphalt cement together to create microscopic bubbles that reduc

 

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AI2

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Valuation AI2 Industry Range
Price/Earnings 22.8x
Price/Sales 0.8x
Price/Book 1.4x
Price/Cash Flow 22.7x
TEV/Sales 0.8x
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