Astec Industries Inc (ASTE)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 33,500 | 17,600 | 24,900 | 7,900 | -100 | -9,100 | -800 | 11,400 | 15,800 | 41,200 | 33,800 | 34,800 | 46,900 | 13,100 | 14,500 | 28,600 | 22,300 | -6,289 | -2,294 | -66,368 |
| Revenue (ttm) | US$ in thousands | 1,332,400 | 1,346,100 | 1,360,800 | 1,330,300 | 1,271,800 | 1,189,500 | 1,141,500 | 1,101,900 | 1,095,400 | 1,068,200 | 1,032,508 | 1,019,687 | 1,024,892 | 1,069,192 | 1,093,524 | 1,132,663 | 1,168,039 | 1,201,647 | 1,202,450 | 1,170,492 |
| Net profit margin | 2.51% | 1.31% | 1.83% | 0.59% | -0.01% | -0.77% | -0.07% | 1.03% | 1.44% | 3.86% | 3.27% | 3.41% | 4.58% | 1.23% | 1.33% | 2.53% | 1.91% | -0.52% | -0.19% | -5.67% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $33,500K ÷ $1,332,400K
= 2.51%
The net profit margin of Astec Industries Inc. has shown fluctuating performance over the past eight quarters. In Q4 2023, the net profit margin improved to 2.50%, reflecting an increase in profitability compared to the previous quarter. Prior to this, the net profit margin had ranged from 0.59% to 1.83% in the preceding quarters of 2023. It is noteworthy that there was a significant improvement from the negative net profit margin reported in Q4 2022, indicating a positive turnaround in profitability. However, the company experienced challenges in earlier quarters of 2022, with negative net profit margins in Q3 and Q2.
Overall, the recent positive trend in the net profit margin suggests that Astec Industries Inc. has been able to enhance its profitability in the most recent quarter. It will be important to monitor future financial performance to assess the sustainability of this improvement and the company's ability to generate consistent profits over time.
Peer comparison
Dec 31, 2023