BNET Industries
Market Cap:$573.2M
Last Fiscal Year Sales:$973.7M
- Public
- US
Dow Jones Description
Astec Underground then formed a strategic alliance with Case for the sales and support of the company's well- known line of trenchers, vibratory plows and HDD products. This arrangement subsequently resulted in the purchase of Case underground utility construction products by Astec Underground. "The former Case products now are manufactured and sold under the Astec brand," says Cline. "Because American Augers and Trencor have a long-established and significant name recognition in the industry we will continue to market their brands, along with the Astec-branded product line." American Augers introduced its auger boring equipment in 1970 and its first directional drill model in 1988. The American Augers product line up features the world's largest selection of HDD models with pullback capabilities between 100,000 and 1.3 million pounds. The Trencor brand has dominated the large-trencher market for more than 50 years with high-performance rock trenchers and specialized excavation products used by contractors worldwide for a wide variety of projects.
President, Astec, Inc.
Benjamin G. BrockNumber of Employees 3,973
Peer Companies
NAICS Code Construction Machinery Manufacturing: 333120
Recent Events
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Canaccord Adams Downgrades Astec Industries ASTE to Hold; Disappointing Qtr
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Pavement bumpy ahead for Astec
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Astec reports lower quarterly profits, revenues
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Astec Industries Reports First Quarter Earnings
News & Analysis
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astec industries inc. - All News and Analysis
Astec Industries, Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions Our first question comes from Jack Kasprzak from French Bank [ph]. Please pose your question. McKamy Hall Good morning Jack. Jack Kasprzak – BB&T Capital Markets BB&T of course. With regard to the next Highway Bill and your comments in the press release and on...
Astec Industries Inc Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions Your first question is from the line of Arnie Ursaner with CJS Securities; please state your question. Arnie Ursaner - CJS Securities Good morning. Most of my questions relate to backlog. There’s several questions related to that. How much of the backlog do...
Astec Industries: Profit Margins Should Hold Up
Vahan Janjigian Forbes submits: Astec Industries ASTE designs and manufactures machines used in building roads and highways. The company generated 63% of sales during the first nine months of 2008 in the U.S., but international sales are growing more rapidly as emerging nations invest in building out their infrastructure....
Pair Trade: Farm and Construction Machinery
Joe Kunkle submits: For my explanation on pair trading, please see here. The challenging economic environment has brought much of the production for machinery producers to a grinding halt. As credit markets tightened, new financing for construction projects also slowed, causing many of the firms to lower the near-term and 2009...
Astec Industries, Inc. Q3 2008 Earnings Call Transcript
Earnings Call ExcerptAstec Industries, Inc. ASTE Q3 2008 Earnings Call October 21, 2008 10:00 am ET Executives Stephen Anderson - Director of Investor Relations J. Don Brock - Chairman and Chief Executive Officer McKamy Hall - Vice President and Chief Financial Officer Analyst Arnie Ursaner - CJS Securities Mike...
International Exposure: Time To Do a 180?
Alan Brochstein, CFA submits: Uh oh. Now the rest of the world is sliding into our abyss... It was patently obvious to me very early Friday as one of my clients called me frantically about the soaring dollar and every stock I watch with low international exposure...
Astec Industries Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Yes. Thank you. Ladies and gentlemen, at this time, we will be conducting a question-and-answer session. Operator Instructions Our first question comes from the line of Arnold Ursaner with CJS Securities. Arnold Ursaner - CJS securities Don, good morning. J. Don Brock Good morning Arnie. Arnold...
Astec Industries Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions Our first question comes from the line of Arnie Ursaner of CJF Securities. Arnold Ursaner – CJF Securities Hi, good morning. Dr. J. Don Brock Hi Arnie. McKamy Hall Hey, Arnie. Arnold Ursaner – CJF Securities A little...
Astec Industries Inc. Q4 2007 Earnings Conference Call
Question-and-Answer Session Operator Operator Instructions Our first question comes from the line of Arnold Ursaner - CJS Securities. Arnold Ursaner - CJS Securities First question I have is, in Q3 you highlighted you had $4.5 million of first- time manufacturing costs. Can you freshen that up...
Astec Industries Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Ladies and gentleman, we will now be conducting a question-and-answer session. Operator Instructions. Our first question is from Arnie Ursaner from CJS Securities. Please state your question. Arnie Ursaner - CJS Securities Hi, good morning. Don Brock Good morning Arnie. Arnie Ursaner...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Benjamin G. Brock | President, Astec, Inc. |
| David L. Winters | President, Carlson Paving |
| Frank D. Cargould | President, Breaker Technology |
| James F. Pfeiffer | President, American Augers |
| Jeffrey L. Richmond | President, Roadtec |
| Joe Cline | President |
| Lawrence R. Cumming | President, Peterson Pacific |
| Mike Bremmer | President, Cei Enterprises |
| Timothy D. Gonigam | President, Astec Mobile Screens |
| F. McKamy Hall | Chief Financial Officer |
| J. Neal Ferry | Chief Operating Officer |
| Albert E. Guth | Vice President, Admin & Secretary |
| Gaylord Richey | Vice President Utility Sales |
| Joseph P. Vig | President, Kpi, Group Vice President, Conagg |
| Richard Patek | President, Telsmith & Group Vice President Agg |
| Thomas R. Campbell | Group Vice President, Mobile and Underground |
| W. Norman Smith | Group Vice President, Asphalt |
| Austin Woody | Director of Marketing & Business Development |
| Ben Campbell | Director of Manufacturing |
| Charles Shannon | Director of After Market & Logistics |
| Claudio Verzilli | Director of Engineering |
| Jamie Bouldin | Director of Product Support |
| Paul Shelton | Director, Advertising |
| Stephen C. Anderson | Director of Investor Relations |
| Stephen M. Anderson | Director, Investor Relations |
| Bob Wren | District Manager, Training Coordinator, Trencher |
| Chris Workman | Hr Manager |
| Dan Sharpe | International Sales Manager, Astec Underground, American Augers, Trencor |
| Jeremy D. Lairamore | District Manager |
| Ken Crisp | District Manager, Ga, MS, La, and Al |
| Kwynn Kirby | District Manager, South Central |
| David C. Silvious | Corporate Controller |
| Rick Long | Controller |
| Al Bender | |
| Andrea Barnes | Coordinator, Media Placement |
| Dennis Williams | Product Specialist |
| Doug Moore | Rockhammer Sales Specialist |
| Jeffrey J. Elliott | Presidelnt, Jci |
| Jon Minerich | |
| Linda Foreman | Investor Relations Assistant |
| Michael E. Cox | Senior Research Analyst |
| Mike Nameth | Hdd Training, Product Specialist |
| Richard Wesolowski | Equity Analyst |
| Robert F. McCarthy Jr. | Senior Research Analyst |
| Daniel K. Frierson | Director |
| Tom Kruger | Team Member |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Glen E. Tellock | Chairman |
| J. Don Brock | Board of Directors |
| Philip E. Casey | Board of Directors |
| Phillip E. Casey | Board of Directors |
| R. Douglas Moffat | Board of Directors |
| Ronald F. Green | Board of Directors |
| Ronald W. Dunmire | Board of Directors |
| Tom Hill | Board of Directors |
| William B. Sansom | Board of Directors |
| William D. Gehl | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | President, Astec, Inc. | Current |
| Cei Enterprises | Vice President | Former |
| Cei Enterprises | General Manager | Former |
| Astec Industries, Inc. | Salesman | Former |
| Clemson University | B.S. In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | President, Carlson Paving | Current |
| Astec Industries, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | President, Breaker Technology | Current |
| Astec Industries, Inc. | Team Member | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | President, American Augers | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | President, Roadtec | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | President | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | President, Peterson Pacific | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | President, Cei Enterprises | Current |
| Astec Industries, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | President, Astec Mobile Screens | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Chief Financial Officer | Current |
| Astec Industries, Inc. | Vice President | Current |
| Astec Industries, Inc. | Treasurer | Current |
| The University of Tennessee | Master of Business Administration | Former |
| The University of Tennessee | Undergraduate Degree In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Chief Operating Officer | Current |
| Astec Industries, Inc. | Group Vice President, Aggregate and Mining | Former |
| Peter Kiewit Sons', Inc. | Team Member | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Vice President, Admin & Secretary | Current |
| Astec Financial Services, Inc. | President | Former |
| Astec Industries, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Vice President Utility Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Kolberg-Pioneer, Inc. | President | Current |
| Astec Industries, Inc. | President, Kpi, Group Vice President, Conagg | Current |
| Astec Industries, Inc. | Director | Current |
| Kolberg-Pioneer, Inc. | Engineering Manager | Former |
| South Dakota School of Mines & Technology | B.S. Degree In Civil Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Telsmith, Inc. | President | Current |
| Astec Industries, Inc. | President, Telsmith & Group Vice President Agg | Current |
| Astec Industries, Inc. | Team Member | Current |
| Kolberg-Pioneer, Inc. | President | Former |
| Telsmith, Inc. | President of Telsmith & Aamg Group Vice President | Former |
| Telsmith, Inc. | Director of Materials | Former |
| Milwaukee School of Engineering | Graduate | Former |
| Organization | Position | Status |
|---|---|---|
| Trencor, Inc. | President | Current |
| Astec Industries, Inc. | Group Vice President, Mobile and Underground | Current |
| Roadtec, Inc. | President | Former |
| Trencor, Inc. | Vice President | Former |
| Roadtec, Inc. | Operations Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Group Vice President, Asphalt | Current |
| Astec Industries, Inc. | Director | Current |
| Astec Industries, Inc. | President | Former |
| Heatec, Inc. | President | Former |
| CMI | Engineer | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Director of Marketing & Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Director of Manufacturing | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Director of After Market & Logistics | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Director of Engineering | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Director of Product Support | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Director, Advertising | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Director of Investor Relations | Current |
| Astec Industries, Inc. | Board of Directors | Current |
| Astec Industries, Inc. | Corporate Secretary | Former |
| The University of Tennessee | B.S | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Director, Investor Relations | Current |
| Astec Industries, Inc. | Director, Investor Relations | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | District Manager, Training Coordinator, Trencher | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Hr Manager | Current |
| Astec Industries, Inc. | Human Resources Executive | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | International Sales Manager, Astec Underground, American Augers, Trencor | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | District Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | District Manager, Ga, MS, La, and Al | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | District Manager, South Central | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Corporate Controller | Current |
| Astec Industries, Inc. | Corporate Financial Analyst | Former |
| The University of Tennessee | Masters of Business Administration | Former |
| Tennessee Technological University | Graduate | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Coordinator, Media Placement | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Product Specialist | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Rockhammer Sales Specialist | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Presidelnt, Jci | Current |
| Astec Industries, Inc. | Team Member | Current |
| Cedarapids, Inc. | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Oliver Wight Americas, Inc | Principal | Current |
| Flowserve Corporation | Current | |
| Astec Industries, Inc. | Current | |
| Bird Technologies Group Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Investor Relations Assistant | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Senior Research Analyst | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Hdd Training, Product Specialist | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Equity Analyst | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Senior Research Analyst | Current |
Glen E. Tellock, 47, president and chief executive officer of The Manitowoc Company since 2007. Most recently served as senior vice president of the corporation and president of Manitowoc Crane Group. Mr. Tellock also served as Manitowoc’s senior vice president and chief financial officer; vice president of finance and treasurer; corporate controller; and director of accounting. Prior to joining Manitowoc in 1991, Mr. Tellock served as financial planning manager with the Denver Post Corporation and as audit manager for Ernst and Whinney.
| Organization | Position | Status |
|---|---|---|
| The Manitowoc Company, Inc. | President & Chief Executive Officer | Current |
| NYSE Group, Inc. | Current | |
| Astec Industries, Inc. | Chairman | Current |
| Manitowoc Crane Group | President | Former |
| The Manitowoc Company, Inc. | Chief Financial Officer | Former |
| The Manitowoc Company, Inc. | Senior Vice President | Former |
| Manitowoc Crane Group | General Manager | Former |
| Manitowoc Cranes | President & General Manager, Cranes Group | Former |
| The Manitowoc Company, Inc. | Director of Accounting | Former |
| Denver Post | Financial Planning Manager | Former |
| Ernst & Whinney | Audit Manager | Former |
| The Manitowoc Company, Inc. | Corporate Controller | Former |
| The Manitowoc Company, Inc. | Treasurer | Former |
Daniel K. Frierson, age 62, became a director of LP in February 2003. Mr. Frierson has been Chairman and Chief Executive Officer of The Dixie Group, Inc., a manufacturer and distributor of high-end carpet and rugs headquartered in Chattanooga, Tennessee, for more than 15 years. He is also a director of Astec Industries, Inc.
| Organization | Position | Status |
|---|---|---|
| The Dixie Group, Inc. | Chief Executive Officer | Current |
| The Dixie Group, Inc. | Chairman | Current |
| Louisiana-Pacific Corporation | Board of Directors | Current |
| Astec Industries, Inc. | Director | Current |
| The Pacific Corporation | Board of Directors | Current |
| Miller Center | Board of Directors | Current |
| Alabama Forest Owners' Association, Inc. | Board of Directors | Current |
| Alabama Forest Owners' Association, Inc. | Committee Member | Current |
Dr. Brock has been President of the Company since its incorporation in 1972 and assumed the additional position of Chairman of the Board in 1975. He earned his Ph.D. degree in mechanical engineering from the Georgia Institute of Technology. Dr. Brock also serves as a director and a member of the Audit Committee of The Dixie Group, Inc., a public company in the floor-covering manufacturing business. Dr. Brock is the father of Benjamin G. Brock, President of Astec, Inc. and Dr. Brock and Thomas R. Campbell, Group Vice President Mobile Asphalt Paving and Underground, are first cousins.
| Organization | Position | Status |
|---|---|---|
| Dr. Brock | President | Current |
| Astec Industries, Inc. | Board of Directors | Current |
| Astec Industries, Inc. | Chairman, President & CEO | Former |
| Astec Industries, Inc. | Chairman & President | Former |
| The University of Tennessee | BS Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Board of Directors | Current |
| Advatech Corporation, Inc | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Board of Directors | Current |
| Oldcastle, Inc. | CEO | Former |
| Westile, Inc. | Vice President | Former |
| Oldcastle, Inc. | Vice President of Development | Former |
| Westile, Inc. | General Manager | Former |
| Amcor Limited | Financial Analyst | Former |
| Trinity College | MBA | Former |
| Duke University | Bachelor of Arts In Economics and History | Former |
| Organization | Position | Status |
|---|---|---|
| The H.T. Hackney Company | Chief Executive Officer | Current |
| Tennessee Valley Authority | Board Chairman | Current |
| The H.T. Hackney Company | Chairman | Current |
| Tennessee Valley Authority | Director | Current |
| Astec Industries, Inc. | Board of Directors | Current |
| First Horizon National Corporation | Board of Directors | Current |
| First Horizon National Corporation | Chairman of The Board and Chief Executive Officer of The H. T. Hackney Co., Knoxville, Tennessee | Former |
| Martin Marietta Materials, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| C E Attachments, Inc. | Chairman & CEO | Current |
| Gehl Company | CEO | Current |
| Gehl Company | Chairman | Current |
| Astec Industries, Inc. | Board of Directors | Current |
| FreightCar America, Inc. | Board of Directors | Current |
| West Bend Savings Bank | Board of Directors | Current |
| Gehl Company | Director | Current |
| FreightCar America, Inc. | Chairman and Chief Executive Officer of Gehl Company | Former |
| Gehl Power Products, Inc. | President | Former |
| Gehl Company | President | Former |
| Organization | Position | Status |
|---|---|---|
| Astec Industries, Inc. | Team Member | Current |
| Barloworld Ltd. | Regional Managing Director | Former |
| Astec Industries, Inc. | Managing Director | Former |
| Barloworld Ltd. | Operations Director | Former |
Executive News
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The Manitowoc Company to Participate in Morgan Stanley Global Industrials Unplugged...
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The Manitowoc Company to Participate in Morgan Stanley Global Industrials Unplugged Conference
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PicksThatMove: www.PicksThatMove.com: 'Picks that move' Alerts, August 14, 2009: ASTE, HDSN, ROST, RXII, DITC and CSKI.
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Astec Industries, Inc. To Present at CJS Securities Ninth Annual 'New Ideas' Summer...
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Astec Industries, Inc. To Present at CJS Securities Ninth Annual 'New Ideas' Summer Conference August 18, 2009
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Astec Industries, Inc. to Present at CanaccordAdams 29th Annual Global Growth Conference August 13, 2009
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