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Updated: July 8th, 2008 05:26 PM GMT-05:00

Astec Industries Reports Fourth Quarter and 2006 Results

via PRNewswire

The Company's backlog at December 31, 2006 was $242.5 million compared to$127.7 million at December 31, 2005 , for a $114.8 million increase. The Company's backlog at January 31, 2007 was $261.6 million compared to $161.0million at January 31, 2006 , for a $100.6 million increase.

Commenting on the announcement, Dr. J. Don Brock , Chairman and Chief Executive Officer, stated, "We are very pleased with our 2006 results. We are starting 2007 with historically high backlogs exceeding the prior year by$114.8 million. We will continue to focus on improving our gross margins through more efficient design and manufacturing concepts. We also expect to see moderate inflationary pressure on material costs. We will focus on controlling these costs through the combined purchasing power of our subsidiaries while eliminating waste. We are pleased to have increased our gross margins by 210 basis points in 2006."

Dr. Brock added, "With a record backlog, good economy, highway funding legislation in place, our efficiency initiatives and a strong balance sheet, we are excited about what can be accomplished in growing the business in both revenues and profits in 2007."

Investor Conference Call and Web Simulcast

Astec will conduct a conference call on February 27, 2007 , at 10:00 armrest to review its fourth quarter and fiscal 2006 financial results as well as its near term general outlook for 2007. The number to call for this interactive teleconference is (877) 407-9210. Please reference Astec Industries.

The Company will also provide an online Web simulcast and rebroadcast of the conference call. The live broadcast of Astec's conference call will be available online at the Company's website at:www.astecindustries.com/investors/corporate_info/conference_calls/default.htmAn archived webcast will be available for 90 days at www.astecindustries.com.

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