Astec Industries Inc. today reported fourth quarter sales jumped on higher revenues, and its backlog for future work grew as well.
Earnings for the quarter were $12.4 million or 53 cents per diluted share compared to $3.6 million or 16 cents per diluted share in the fourth quarter of 2015, an increase of 231 percent, according to the Chattanooga-based asphalt equipment maker.
Net sales for the fourth quarter were $326.6 million versus $215 million a year ago, up 52 percent, the company reported.
Domestic sales grew 65 percent to $265 million for the fourth quarter from $160.3 million a year ago. International sales increased 13 percent to $61.6 million for the fourth quarter from $54.7 million in 2015, the company said.
The company’s domestic backlog increased 13 percent to $294.8 million at the end of 2016.