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Astec quarterly profit better than expected

Posted By Tina Grady Barbaccia On October 19, 2010 @ 1:45 pm In Aggbeat Online | No Comments

Road construction equipment maker Astec Industries Inc. posted better-than-expected quarterly profit, but said weakness in its domestic sales could continue for another 12-24 months if the new Highway Bill is not passed, Reuters reported on Oct. 19. [1]

Fewer states are putting out projects to bid as a $286 billion highway bill — one of the richest and most popular legislative undertakings for states — is on hold, according to the Reuters report [1].


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[1] Reuters reported on Oct. 19.: http://www.reuters.com/article/idUSSGE69I0HK20101019

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