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Astec history
Astec company history timeline
Astec Industries, Inc. was founded in 1972 with the vision to apply creative thinking and state-of-the-art technology to traditionally low-tech industries, bolstered by a corporate culture renowned for putting customer service first.
1987 Rival Barber-Greene Co., as well as Telsmith, are acquired.
Astec made an offer to buy another rival, Kansas City asphalt plant manufacturer Standard Havens Inc., in 1989, but canceled the offer, judging the price too high.
Astec Industries had posted sales of $135 million in 1990; it had a net loss of $13 million.
Astec formed its own finance company in June 1996.
Johnson Crushers was acquired in 1998.
2003 Case New Holland trencher business is acquired.
A new $287 billion federal highway act signed into law in 2005 funded highway construction for six years and promised work for the company.
At the beginning of 2007 the three Astec, Inc. service groups-plant service, burner service and controls service-merged giving us one group working together to give customers the benefits of 14 in house technicians with a combined 284 years of service with Astec.
Under the guidance of former President and CEO Don Brock, who led the company until his son Ben Brock took the helm in 2014, Astec Industries mushroomed into a conglomerate with 19 subsidiaries and hundreds of employees based in every corner of the world.
First Quarter 2022 Highlights (all comparisons are made to the prior year first quarter):
First Quarter 2022 Highlights (all comparisons are made to the prior year first quarter):Net Sales increased 2.4% to $291.2 millionGross Profit Margin of 22.7% decreased 130 bpsNet Income decreased 51.8% to $4.1 million; Adjusted Net Income of $9.4 million decreased 18.3% from $11.5 million
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Zippia gives an in-depth look into the details of Astec, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Astec. The employee data is based on information from people who have self-reported their past or current employments at Astec. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Astec. The data presented on this page does not represent the view of Astec and its employees or that of Zippia.
Astec may also be known as or be related to ASTEC INDUSTRIES INC, Astec, Astec Industries, Astec Industries Inc and Astec Industries, Inc.