Astec Industries, Inc. (NASDAQ:ASTE) Q4 2023 Earnings Call Transcript

Larry De Maria: Okay, thanks, Jaco. That’s basically what I was looking for.

Becky Weyenberg: Yes, Larry, I might add, we’re positive on our margin expansion, but just, we’re cautionary at this point because we do have, several factories that are going to go live with Oracle. We’re really confident in where we’re positioned. The teams are all on board and great leadership at our sites that are going live, that are really driving it from the top down. So if everything goes as planned, we should expect our margin to improve. But we are certainly expecting an uptick here, with a range that could be anywhere from 24% to 25.5%.

Larry De Maria: Okay, that’s fair enough. Thank you very much for the color.

Operator: There are no further questions in queue. I’d like to hand the call back to Steve Anderson for closing remarks.

Steve Anderson: All right, thank you, Dennis. Thank you, everyone, for being on the call. I’d like to remind you that Astec will be displaying products at the World of Asphalt trade show in Nashville, Tennessee on March 25th to March 27th. So if you attend that show, please stop by our booth and say hello. We appreciate your participation on this call and thank you for your interest in Astec. As today’s news release indicates, this conference call has been recorded. A replay of the conference call will be available through March 13th, 2024, and an archived webcast will be available for 90 days. The transcript will be available under the Investor Relations section of the Astec Industries’ website within the next seven days. All of that information is contained in the news release that went out earlier this morning. This concludes our call, but as always, I’m happy to connect with calls later on. Thank you all. Have a good day.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time and have a wonderful day.