8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 Date of Report (Date of earliest event reported): April 22, 2008

ASTEC INDUSTRIES, INC. (Exact Name of Registrant as Specified in Charter)
	Tennessee	001-11595	62-0873631
	(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
1725 Shepherd Road Chattanooga, Tennessee 37421 (Address of Principal Executive Offices and Zip Code)
(423) 899-5898 (Registrant's telephone number, including area code)
N/A (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-d(b))

[ ] Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

The information, including the exhibits attached hereto, in this Current Report on Form 8-K is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document filed by the Company pursuant to the Securities Act of 1933, as amended, or into any other filing or document made by the Company pursuant to the Securities Exchange Act of 1934, as amended, except as otherwise expressly stated in any such filing.

Attached and incorporated herein by reference as Exhibit 99.1 is a copy of the press release of Astec Industries, Inc., dated April 22, 2008, reporting the Company's financial results for the quarter ended March 31, 2008.

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits.

(c)		Exhibits. The following exhibits are furnished herewith:
Exhibit No.		Exhibit Description
	99.1	Press Release, dated April 22, 2008

SIGNATURE

  Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ASTEC INDUSTRIES, INC.
Date: April 22, 2008	By: /s/ J. Don Brock                                   J. Don Brock, Chairman of the Board and President (Principal Executive Officer)

Index to Exhibits
Exhibit No.		Exhibit Description
	99.1	Press Release, dated April 22, 2008.

EX-99.1

Astec Industries, Inc.

News Release

1725 Shepherd Road  |  Chattanooga, TN  37421  |  Phone (423) 899-5898  |  Fax (423) 899-4456

ASTEC INDUSTRIES REPORTS FIRST QUARTER RESULTS

CHATTANOOGA, Tenn. (April 22, 2008) - Astec Industries, Inc. (Nasdaq:  ASTE) today reported results for their first quarter ended March 31, 2008.

Net income for the first quarter of 2008 was $0.78 per diluted share compared to $0.69 per diluted share for the first quarter of 2007 for a 13.0% increase.

Revenues for the first quarter of 2008 were $263.1 million compared with $215.6million for the first quarter of 2007 for a 22.0% increase.  Domestic sales accounted for 64.8% and international sales for 35.2% of revenues during the first quarter of 2008 compared to 77.2% for domestic sales and 22.8% for international sales during the first quarter of 2007.  The Company reported net income of $17.5 million for the first quarter of 2008 compared to net income of $15.3 million for the first quarter of 2007 for an increase of 14.4%.  The Company’s backlog at March 31, 2008 was $263.0 million compared to $266.2 million at March 31, 2007 for a 1.2% decrease.

Consolidated financial statements for the first quarter ended March 31, 2008 and additional information related to segment revenues and profits are attached as addenda to this press release.

Commenting on the announcement, Dr. J. Don Brock, Chairman and Chief Executive Officer, stated, “We are pleased with earnings for the first quarter of 2008.  International sales increased 88.4% reflecting continuing strength in certain foreign markets and the success of our efforts to strengthen our position in those markets.  Domestic sales increased 2.5%.  Going forward, our primary focus will be to maintain or improve margins in this inflationary environment.”

Dr. Brock continued, “The backlog is down $3.2 million compared to March 2007, but this decrease is partially attributable to increased net sales of $47.5 million for the quarter.  Our manufacturing capabilities have increased during the last year and we are better positioned to handle additional orders.  ConExpo significantly impacted our expenses this quarter, but ConExpo was a very successful show with great interest and order activity.  There were 144,000 attendees of whom 28,000 were foreign visitors from 130 different countries.  Increased asphalt recycling continues to be an industry trend as the price of oil increases.  We offer the most complete line of equipment to remove, process and recycle old pavement significantly reducing our customers’ cost.”

Investor Conference Call and Web Simulcast

Astec will conduct a conference call on April 22, 2008, at 10:00 A.M. Eastern Time to review its first quarter results as well as current business conditions.  The number to call for this interactive teleconference is (877) 407-9210.  International callers should dial (201) 689-8049.   Please reference Astec Industries.

The company will also provide an online Web simulcast and rebroadcast of the conference call.  The live broadcast of Astec’s conference call will be available online at the Company’s website:  www.astecindustries.com/www/docs/100, Conference Calls Section.  An archived webcast will be available for 90 days at www.astecindustries.com.

A replay of the conference call will be available through midnight on Tuesday, April 29, 2008 by dialing (877) 660-6853, or (201) 612-7415 for international callers, Account #286, Conference ID# 282066.  A transcription of the conference call will be made available under the Investor Relations section of the Astec Industries, Inc. website within 5 days after the call.

Astec Industries, Inc. is a manufacturer of specialized equipment for building and restoring the world’s infrastructure.  Astec’s manufacturing operations are divided into four business segments:  aggregate processing and mining equipment; asphalt production equipment; mobile asphalt paving equipment; and underground boring, directional drilling and trenching equipment.  We also have a company engaged in the wood grinding and processing industry.

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 Company’s financial performance for the upcoming quarters and future generally, the ability to maintain or improve margins, the strength of and growth in foreign markets, the ability to deliver backlog and additional orders, and, the increase in asphalt recycling and in sales of recycling equipment.  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, downturns in the general economy or the commercial construction industry, cyclical nature of the commercial, construction industry and the customization of the equipment the Company sells,  increases in the price of oil or decreases in the availability of oil, increases in the price of raw materials, a failure to comply with covenants in the Company’s amended credit agreement, contingent liability for certain customer debt, rising interest rates, rising steel and steel component pricing, delayed or decreased funding for highway construction and maintenance, managing and expanding in international markets, the timing of large contracts, production capacity, general business conditions in the industry, demand for the Company’s products, seasonality of sales volumes, competitive activity 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, 2007.

For Additional Information Contact:

J. Don Brock

Chairman of the Board & C.E.O.

Phone: (423) 867-4210

Fax: (423) 867-4127

E-mail: dbrock@astecindustries.com

or

F. McKamy Hall

Vice President and Chief Financial Officer

Phone:  (423) 899-5898

Fax:  (423) 899-4456

E-mail: mhall@astecindustries.com

or

Stephen C. Anderson

Director of Investor Relations & Corporate Secretary

Phone:  (423) 899-5898

Fax:  (423) 899-4456

E-mail: sanderson@astecindustries.com

Astec Industries, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands)
(Unaudited)
	March 31,		March 31,
	2008		2007
Assets
Current assets
Cash and cash equivalents	$	29,154	$	57,120
Receivables, net		115,197		86,226
Inventories		219,028		164,725
Prepaid expenses and other		16,621		14,188
Total current assets		380,000		322,259
Property and equipment, net		142,817		117,720
Other assets		52,969		25,182
Total assets	$	575,786	$	465,161
Liabilities and shareholders' equity
Current liabilities
Accounts payable - trade	$	62,807	$	52,837
Other accrued liabilities		96,261		74,679
Total current liabilities		159,068		127,516
Other non-current liabilities		21,966		20,160
Minority interest in consolidated subsidiary		803		704
Total shareholders' equity		393,949		316,781
Total liabilities and shareholders' equity	$	575,786	$	465,161

Astec Industries, Inc. and Subsidiaries
Consolidated Statements of Operations
(In thousands)
(Unaudited)
	Three Months Ended
	March 31,
	2008		2007
Net sales	$	263,072	$	215,563
Cost of sales		196,852		161,190
Gross profit		66,220		54,373
Selling, general, administrative & engineering expenses		38,779		30,529
Income from operations		27,441		23,844
Interest expense		131		415
Other income, net of expenses		426		685
Income before income taxes and minority interest		27,736		24,114
Income taxes		10,160		8,746
Minority interest in earnings		57		34
Net income	$	17,519	$	15,334
Earnings per Common Share
Net income
Basic	$	0.79	$	0.71
Diluted	$	0.78	$	0.69
Weighted average common shares outstanding
Basic		22,237,100		21,644,097
Diluted		22,550,536		22,194,736

Astec Industries, Inc. and Subsidiaries
Segment Revenues and Profits
For the three months ended March 31, 2008 and 2007
(in thousands)
(Unaudited)
	Asphalt Group			Aggregate and Mining Group			Mobile Asphalt Paving Group			Underground Group			All Others			Total
2008 Revenues		71,585			91,090			47,131			32,643			20,623			263,072
2007 Revenues		65,010			82,343			43,950			24,260			-			215,563
Change $		6,575			8,747			3,181			8,383			20,623			47,509
Change %		10.1	%		10.6	%		7.2	%		34.6	%		-			22.0	%
2008 Gross Profit		19,606			23,157			12,592			7,103			3,762			66,220
2008 Gross Profit %		27.4	%		25.4	%		26.7	%		21.8	%		18.2	%		25.2	%
2007 Gross Profit (Loss)		17,927			20,879			10,182			5,395			(10	)		54,373
2007 Gross Profit %		27.6	%		25.4	%		23.2	%		22.2	%		-			25.2	%
Change		1,679			2,278			2,410			1,708			3,772			11,847
2008 Profit (Loss)		11,845			10,259			6,528			1,845			(12,725	)		17,752
2007 Profit (Loss)		11,453			10,375			5,477			1,014			(13,110	)		15,209
Change $		392			(116	)		1,051			831			385			2,543
Change %		3.4	%		(1.1	%)		19.2	%		82.0	%		2.9	%		16.7	%

Segment revenues are reported net of intersegment revenues.  Segment gross profit is net of profit on intersegment revenues.  A reconciliation of total segment profits to the Company's consolidated net income is as follows:

	For the three months ended March 31,
	2008			2007
Total profit for all segments	$	17,752		$	15,209
Minority interest earnings of subsidiary		(57	)		(34	)
Recapture (elimination) of intersegment profit		(176	)		159
Consolidated net income	$	17,519		$	15,334

Astec Industries, Inc. and Subsidiaries
Backlog by Segment
March 31, 2008 and 2007
(in thousands)
(Unaudited)
	Asphalt Group			Aggregate and Mining Group			Mobile Asphalt Paving Group			Underground Group			All Others			Total
2008 Backlog		122,123			99,637			13,307			14,893			13,051			263,011
2007 Backlog		113,973			120,605			16,430			9,697			5,521			266,226
Change $		8,150			(20,968	)		(3,123	)		5,196			7,530			(3,215	)
Change %		7.2	%		(17.4	%)		(19.0	%)		53.6	%		136.4	%		(1.2	%)