Sales, profits grow at Chattanooga-based Astec Industries - WRCBtv.com | Chattanooga News, Weather & Sports

Working Together For You

Sales, profits grow at Chattanooga-based Astec Industries

Posted: Updated:

CHATTANOOGA, TN. (Times Free Press) -- Chattanooga-based Astec Industries reported a 38 percent jump in fourth-quarter sales and grew profit to $8 million, an increase of $2 million from the fourth quarter of 2010.

Astec, which manufactures equipment for mining and road construction, said Tuesday it sold almost $1 billion worth of machinery during the year, a sign that it is emerging from the worldwide recession that gripped the heavy construction industry for several years.

For the fourth quarter of 2011, the company boosted sales to $263.2 million, up from $190.8 million in the fourth quarter of 2010.

Astec's earnings during the fourth quarter of 35 cents per share were bolstered in part by the growth of international sales, which increased to $116 million in the fourth quarter. International sales expanded to 44 percent of Astec's sales, up from 37 percent of all sales in the fourth quarter of 2010.

Read more on the story from our news partners at the Chattanooga Times Free Press.

  • NewsMore>>

  • Heritage to host Ringgold in our FNF3 Game of the Week

    Heritage to host Ringgold in our FNF3 Game of the Week

    Wednesday, August 23 2017 12:00 AM EDT2017-08-23 04:00:41 GMT
    Week two features another cross town rivalry in our Friday Night Football Game of the Week with Heritage hosting Ringgold. Ringgold has won nine straight meetings dating back to when Heritage's first year open in 2008. The Generals had the Tigers on the ropes last year in our Game of the Week but fell in overtime 40-34. We'll hear from both teams leading up to Friday when Ch. 3 Sports Reporter Jill Jelnick will be live at Heritage High School with pre and post game live coverage. ...More
    Week two features another cross town rivalry in our Friday Night Football Game of the Week with Heritage hosting Ringgold. Ringgold has won nine straight meetings dating back to when Heritage's first year open in 2008. The Generals had the Tigers on the ropes last year in our Game of the Week but fell in overtime 40-34. We'll hear from both teams leading up to Friday when Ch. 3 Sports Reporter Jill Jelnick will be live at Heritage High School with pre and post game live coverage. ...More
  • UPDATE: City council confirms David Roddy as chief of the Chattanooga Police Department

    UPDATE: City council confirms David Roddy as chief of the Chattanooga Police Department

    Tuesday, August 22 2017 11:04 PM EDT2017-08-23 03:04:27 GMT
    New CPD Chief David RoddyNew CPD Chief David Roddy

    Now, David Roddy can officially drop the qualifier "acting" from his job title and simply go by chief of the Chattanooga Police Department.

    More

    Now, David Roddy can officially drop the qualifier "acting" from his job title and simply go by chief of the Chattanooga Police Department.

    More
  • WATCH LIVE

    President Trump Rally in Arizona

    President Trump Rally in Arizona

    Tuesday, August 22 2017 10:26 PM EDT2017-08-23 02:26:45 GMT
    President Trump speaks at a campaign-style rally in Phoenix, Arizona. More
    President Trump speaks at a campaign-style rally in Phoenix, Arizona. More
Powered by Frankly