Third Quarter 2022 Highlights (all comparisons are made to the prior year third quarter) : CHATTANOOGA, Tenn., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for the third quarter of 2022. "We are pleased to have net sales growth through volume, price realization and mix in both the Infrastructure Solutions and Materials Solutions groups," said Barry Ruffalo, Chief Executive Officer of Astec. "Customer demand for Astec products continues to drive increased backlog, which grew year-over-year and sequentially. We are seeing areas of improvement to a still fragile supply chain however inconsistent vendor deliveries negatively affected manufacturing efficiencies. Despite the challenges, the resilience of our customers and employees, along with our strong balance sheet and the multi-year tailwind provided by the long-term federal highway bill, continue to provide stability.