Company: ASTE
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000792987-25-000047
Chunk: 88

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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2420252024Infrastructure Solutions$— $(0.2)$— $(0.3)Materials Solutions(0.1)— (0.1)(0.8)Total gain on sale of property and equipment, net$(0.1)$(0.2)$(0.1)$(1.1)Management continually reviews the Company's organizational structure and operations to ensure they are optimized and aligned with achieving near-term and long-term operational and profitability targets. In connection with this review, the Company 

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effected workforce reductions during the second quarter of 2024, whereby charges of $0.9 million were incurred during the three months ended June 30, 2024 and recorded in "Restructuring and other asset gains, net" in the Consolidated Statements of Operations.

Note 12. Earnings (Loss) Per Common Share

Basic earnings (loss) per common share is determined by dividing "Net income (loss) attributable to controlling interest" by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per common share includes the dilutive effect of common stock equivalents, consisting of restricted stock units, performance stock units and stock held in the Company's deferred compensation programs, using the treasury stock method. Potential common shares that have an antidilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted earnings per share. Performance stock units, which are considered contingently issuable, are considered dilutive when the related performance criterion has been met.The following table sets forth a reconciliation of the number of shares used in the computation of basic and diluted earnings (loss) per common share:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Denominator:Denominator for basic earnings per common share22,877,075 22,796,729 22,855,304 22,779,414 Effect of dilutive securities197,705 — 170,620 — Denominator for diluted earnings per common share23,074,780 22,796,729 23,025,924 22,779,414 Antidilutive securities excluded from the calculation of diluted earnings per share1,300 93,306 864 90,076 

Note 13. Subsequent Events

The Company has evaluated all events subsequent to the balance sheet date as of June 30, 2025