Astec quarterly profit better than expected
| October 19, 2010 |
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.
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.
From our partners
On every job you’re fighting to keep your margins. Every cost you can cut, every minute you can gain, makes…