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News Breaks
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October 20, 2009
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| 06:09 EDT |  | ASTE |
| theflyonthewall.com: | Astec CEO says "visibility in the market, trends is very very limited" | | Dr. J. Don Brock, Chairman and CEO, stated: "We are disappointed with our Q3 results". "The Q4 is normally our least profitable quarter of the year. We will manage the company for the long-term and control costs. We have no debt and $36M of cash and cash equivalents, and will continue to manage our assets. Our strong balance sheet gives us the opportunity to develop new products and to consider acquisitions as they become available." :theflyonthewall.com |
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February 10, 2012
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| 08:31 EDT |  | ASTE |
| theflyonthewall.com: | The Toro Company acquires assets of Astec | | The Toro Company (TTC) announced that it has acquired certain utility and underground product assets of Astec Underground, a wholly-owned subsidiary of Astec Industries (ASTE). Terms of the transaction were not disclosed. Through the acquisition, Toro has acquired Astec Underground's equipment line of vibratory plows, trenchers and horizontal directional drills for the underground utilities market. Typically used in the installation, repair and replacement of utilities with minimal impact on surrounding landscapes or structures, these products are designed for power distribution, telecommunications, utility companies, and landscape and irrigation contractors. :theflyonthewall.com |
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February 6, 2012
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| 07:54 EDT |  | ASTE |
| | 07:07 EDT | | ASTE |
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