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Astec Industries, Inc. (ASTE) CEO Barry Ruffalo on Q1 2021 Results - Earnings Call Transcript

May 05, 2021 7:30 PM ETAstec Industries, Inc. (ASTE)
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Astec Industries, Inc. (NASDAQ:ASTE) Q1 2021 Earnings Conference Call May 5, 2021 10:00 AM ET

Company Participants

Steve Anderson - SVP, Administration, IR

Barry Ruffalo - CEO

Becky Weyenberg - CFO

Conference Call Participants

Mig Dobre - Robert W. Baird

Stanley Elliott - Stifel

Steve Ferazani - Sidoti


Hello, and welcome to the Astec Industries Incorporated First Quarter Earnings Call. As a reminder, this conference call is being recorded. It is my pleasure to introduce your host, Steve Anderson, Senior Vice President of Administration and Investor Relations. Thank you Mr. Anderson you may begin.

Steve Anderson

Thank you and welcome to the Astec first quarter earnings conference call. My name is Steve Anderson, and joining me on today's call are Barry Ruffalo, our Chief Executive Officer and Becky Weinberg, our Chief Financial Officer.

In just a moment I'll turn the call over to Barry to provide comments and then Becky will summarize our financial results. Before we begin, I'll remind you that our discussion this morning may contain forward-looking statements that relate to the future performance of the company, and these statements are intended to qualify for the Safe Harbor liability established by the Private Securities Litigation Reform Act.

Any such statements are not guarantees of future performance and are subject to certain risks and uncertainties and assumptions. Factors that could influence our results are highlighted in today's financial news release and others are contained in our filings with the SEC. As usual, we ask that you familiarize yourself with those factors. In an effort to provide investors with additional information regarding the company's results, the company refers to various GAAP which are U.S. Generally Accepted Accounting Principles and non-GAAP financial measures, which management believes provides useful information to investors.

These non-GAAP financial measures have no standardized meaning prescribed

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