Astec Industries Inc. officials demonstrate a piece of paving equipment.
Astec Industries Inc. officials demonstrate a piece of paving equipment.
Photo by Staff File Photo .
published Tuesday, July 24th, 2012
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Astec Industries profits drop 71 percent

Lack of highway bill, higher taxes hurt company earnings

Profits for paving equipment maker Astec Industries, Inc. hit a pothole in the third quarter, falling 71 percent from year-ago levels and dropping well below analysts expectations for the summer period.

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