Company: ASTE
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000792987-25-000047
Chunk: 85

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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 Inventory period costs primarily relate to inventory reserves and adjustments and net scrap sales.(3) Other segment items consists of foreign exchange gains and losses, investment income and loss and other income and expense amounts that are included in Segment Operating Adjusted EBITDA that are not considered to be significant segment expenses.

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The reconciliation of Reportable Segment Operating Adjusted EBITDA to total "Income (loss) before income taxes" is set forth below:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Segment Operating Adjusted EBITDA - reportable segments$46.4 $37.4 $94.5 $68.3 Corporate and Other expenses(12.7)(9.8)(25.6)(21.8)Transformation program(3.4)(11.1)(10.3)(17.4)Restructuring and other related charges— (0.9)— (1.0)Goodwill impairment— (20.2)$— (20.2)Gain on sale of property and equipment, net0.1 0.2 0.1 1.1 Transaction costs(1.4)— (2.2)— Interest expense, net(0.5)(2.7)(1.9)(4.8)Depreciation and amortization(6.0)(6.6)(12.4)(13.1)Net income (loss) attributable to noncontrolling interest0.1 — 0.1 (0.1)Income (loss) before income taxes$22.6 $(13.7)$42.3 $(9.0)"Net sales" into major geographic regions, attributable to the shipping location or the location where service was performed, were as follows:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024United States$262.0 $272.1 $535.8 $515.3 Canada17.6 22.7 33.0 41.6 Australia14.5 10.0 19.2 19.3 Africa8.3 12.2 16.5 21.2 Brazil10.6 5.8 16.3 11.4 Europe7.6 7.7 15.0 16.7 Asia3