Company: ASTE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000792987-25-000064
Chunk: 81

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 - Sites within the Materials Solutions segment design and manufacture heavy equipment used in aggregate and minerals processing operations in addition to servicing, rebuilding and supplying parts. These operations support civil construction, energy, mining, hydro, recycling, ports, forestry and bulk handling markets. The sites within the Materials Solutions segment are primarily manufacturing operations, with sites in Australia, Canada, Chile, Sweden and Thailand functioning to market, service and install equipment and provide parts in the regions in which they operate for many of the products produced by all the Company's manufacturing sites. Additionally, the Materials Solutions segment offers consulting and engineering services to provide complete "turnkey" processing systems. The principal purchasers of aggregate processing equipment include distributors, highway and heavy equipment contractors, sand and gravel producers, demolition, recycling and crushing contractors, open mine operators, quarry operators, port and inland terminal authorities, power stations and foreign and domestic governmental agencies. The acquired TerraSource business is included in the Material Solutions segment.Asset information for the Company's reportable segments is set forth below:September 30, 2025December 31, 2024(in millions)Infrastructure SolutionsMaterials SolutionsTotalInfrastructure SolutionsMaterials SolutionsTotalReportable segment assets$1,156.4 $1,144.8 $2,301.2 $1,095.8 $772.3 $1,868.1 

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Revenue, significant expense and capital expenditure information for the Company's reportable segments is set forth below:Three Months Ended September 30, 2025Three Months Ended September 30, 2024(in millions)Infrastructure SolutionsMaterials SolutionsTotalInfrastructure SolutionsMaterials SolutionsTotalReportable segment revenues:Revenues from external customers$193.2 $156.9 $350.1 $165.0 $126.4 $291.4 Intersegment revenues7.2 1.5 8.7 25.7 1.4 27.1 Total revenues - reportable segments$200.4 $158.4 $358.8 $190.7 $127.8 $318.5 Significant reportable segment expenses:Manufacturing operation costs:Equipment$86.4 $63.4 $149.8 $80.2 $67.3 $147.5 Parts26.0 29.7 55.7 24.2 21.1 45.3 Other26.0 19.1 45