Astec Industries Inc (ASTE)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	42,600	4,900	13,700	44,500	25,300
Revenue	US$ in thousands	1,332,400	1,271,800	1,095,400	1,030,400	1,167,370
Pretax margin		3.20%	0.39%	1.25%	4.32%	2.17%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $42,600K ÷ $1,332,400K
= 3.20%

The pretax margin of Astec Industries Inc. has fluctuated over the past five years. In 2023, the pretax margin improved significantly to 3.20%, compared to 0.35% in 2022 and 1.50% in 2021. However, it was lower than the levels observed in 2020 (4.46%) and 2019 (2.15%). The improvement in pretax margin in 2023 indicates that the company's ability to generate profits before taxes has strengthened compared to the previous year. It is essential for the company to sustain this upward trend in pretax margin to ensure profitability and efficiency in its operations.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Astec Industries Inc

ASTE

3.20%