Company: ASTE
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000792987-25-000047
Chunk: 23

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 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 Asia3.6 3.9 10.4 7.6 South America (Excluding Brazil)3.2 3.2 6.4 8.2 Mexico1.3 6.6 4.5 10.9 Central America (Excluding Mexico)0.2 0.7 0.6 1.4 Other1.4 0.6 2.0 1.1 Total foreign68.3 73.4 123.9 139.4 Total net sales$330.3 $345.5 $659.7 $654.7 

Note 11. Strategic Transformation, Restructuring and Other Asset Gains, net

The Company's strategic transformation program includes the ongoing multi-year phased implementation of a standardized enterprise resource planning ("ERP"), which is replacing much of the existing disparate core financial systems. The upgraded ERP will initially convert internal operations, manufacturing, finance, human capital resources management and customer relationship systems to cloud-based platforms. An implementation of this scale is a major financial undertaking and requires substantial time and attention of management and key employees.Net capitalized implementation costs associated with the ERP implementation totaled $30.0 million, of which $3.7 million and $26.3 million were included in "Prepaid expenses and other assets" and "Other long-term