ASTEC INDUSTRIES, INC. CORRECTS TYPOGRAPHICAL ERRORS CONTAINED IN ITS OCTOBER 20, 2004 PRESS RELEASE
CHATTANOOGA, Tenn. (October 21, 2004) - Astec Industries, Inc. (Nasdaq: ASTE)
The first paragraph of the Astec Industries, Inc.'s October 20, 2004 Press Release contained typographical errors reporting net sales as $111.4 million and net income as $.4 million. As set forth in the financial statements accompanying the Press Release, net sales for the third quarter of 2004 were, in fact, $111.7 million and net income for the third quarter of 2004 was, in fact, $.7 million.
Astec Industries, Inc. is a manufacturer of specialized equipment for building and restoring the world's infrastructure. Astec's manufacturing operations are divided into four business segments: aggregate processing and mining equipment; asphalt production equipment; mobile asphalt paving equipment; and underground boring, directional drilling and trenching equipment.
For Additional Information Contact:
F. McKamy Hall
Vice President and Chief Financial Officer
Phone: (423) 899-5898
Fax: (423) 899-4456
E-mail: mhall@astecindustries.com