Company: ASTE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000792987-25-000064
Chunk: 22

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 the action for $13.7 million, which was funded entirely by the Company's insurance carriers, and the settlement agreement was entered into between the parties.In September 2024, the Company reached an agreement to resolve the matter styled 37 Building Products, Ltd. v. Telsmith, Inc., et al. (the "37 BP Litigation") for $6.3 million, which the Company paid that same month. Upon settlement, the full loss contingency of $8.2 million, inclusive of post-judgment interest, which was recorded as of June 30, 2024 was released. The $1.9 million net benefit derived from the loss contingency release offset by the final settlement amount was recorded in "Selling, general and administrative expenses" in the Consolidated Statements of Operations during the third quarter of 2024.In October 2024, the Company reached an agreement to resolve the action styled VenVer S.A. and Americas Coil Tubing LLP v. GEFCO, Inc. for $8.4 million, which was paid in the fourth quarter of 2024. In connection with this settlement, management 

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recorded a loss in "Restructuring, impairment and other asset charges, net" in the Consolidated Statements of Operations during the third quarter of 2024.

Note 11. Revenue Recognition

The following tables disaggregate the Company's revenue by major source for the three and nine-month periods ended September 30, 2025 and 2024 (excluding intercompany sales):Three Months Ended September 30, 2025Three Months Ended September 30, 2024(in millions)Infrastructure SolutionsMaterials SolutionsTotalInfrastructure SolutionsMaterials SolutionsTotalNet Sales-Domestic:Equipment sales$119.8 $56.3 $176.1 $103.2 $33.3 $136.5 Parts and component sales51.1 37.0 88.1 42.9 21.2 64.1 Service and equipment installation revenue5.9 3.1 9.0 4.7 0.2 4.9 Used equipment sales0.1 — 0.1 — — — Freight revenue6.2 2.5 8.7 5.3 1.5 6.8 Other0.5 (2.1)(1.6)0.5 (1.6)(1