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Astec Industries News

Astec Industries, Inc. is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; and wood processing. Astec’s manufacturing operations are divided into three primary business segments: road building and related equipment (Infrastructure Group); aggregate processing and mining equipment (Aggregate and Mining Group); and equipment for the extraction, production and combustion of fuels, biomass production, and water drilling equipment (Energy Group).

The information contained in this press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) regarding the future performance of the Company, including statements about the effects on the Company from low oil prices, the global mining slow down, the strong U.S. Dollar, and the impact of a long-term highway bill in the United States. These forward-looking statements reflect management’s expectations and are based upon currently available information, and the Company undertakes no obligation to update or revise such statements. These statements are not guarantees of performance and are inherently subject to risks and uncertainties, many of which cannot be predicted or anticipated. Future events and actual results, financial or otherwise, could differ materially from those expressed in or implied by the forward-looking statements. Important factors that could cause future events or actual results to differ materially include: general uncertainty in the economy, oil and liquid asphalt prices, rising steel prices, decreased funding for highway projects, the relative strength/weakness of the dollar to foreign currencies, production capacity, general business conditions in the industry, demand for the Company’s products, seasonality and cyclicality in operating results, seasonality of sales volumes or lower than expected sales volumes, lower than expected margins on custom equipment orders, competitive activity, tax rates and the impact of future legislation thereon, and those other factors listed from time to time in the Company’s reports filed with the Securities and Exchange Commission, including but not limited to the Company’s annual report on Form 10-K for the year ended December 31, 2015.

Astec Industries, Inc. (NASDAQ: ASTE) Announces the Company’s Third Quarter Conference Call October 24, 2017 at 10:00 A.M. Eastern Time (2)

CHATTANOOGA, TN (October 17, 2017) – You are invited by Astec Industries, Inc. (NASDAQ: ASTE) to participate in a conference call to review the company’s Third Quarter financial results.

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Astec Industries, Inc. Announces Acquisition of RexCon LLC

CHATTANOOGA, Tenn. (October 2, 2017) – Astec Industries, Inc. (Nasdaq: ASTE) today announced the acquisition of substantially all of the assets and liabilities of RexCon LLC, one of the leading full-line concrete batch plant manufacturers in the U.S. The aggregate purchase price for the assets is $26 million, which was funded through cash on hand.

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Astec Industries, Inc. Announces Substantial Design Upgrades To Pellet Plants To Achieve Full Production

CHATTANOOGA, Tenn. (October 2, 2017) – Astec Industries, Inc. (Nasdaq: ASTE) today announced it initiated significant design upgrades to its customers’ Georgia and Arkansas wood pellet plants to meet full production rates. The additional investment is expected to negatively impact Astec’s third quarter earnings by $0.54 to $0.58 per share.

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Astec Industries, Inc. To Attend Dougherty & Company Institutional Investor Conference

CHATTANOOGA, Tenn. (September 15, 2017) - Astec Industries, Inc. (NASDAQ: ASTE) announces today that it will attend the Dougherty & Company Institutional Conference in Minneapolis, MN on Tuesday, September 19, 2017.

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Astec Industries Reports Second Quarter 2017 Results

CHATTANOOGA, Tenn. (July 25, 2017) – Astec Industries, Inc. (Nasdaq: ASTE) today reported results for their second quarter and year to date ended June 30, 2017.

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