Astec saw significant declines in domestic sales in Asphalt groups

The series of 90-day highway bill continuations that lasted through the second quarter created funding uncertainties at state transportation departments. This resulted in delays in, and in some cases the elimination of, projects during the peak road construction season. International sales were hurt by a stronger dollar and uncertainty in the global economy. Although we don't expect to overcome this shortfall this year, the new 27-month highway bill should help demand return to a more normalized level during the second half of the year.