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

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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, net:Gain on sale of property and equipment, net(0.1)(0.2)(0.1)(1.1)Total gain on sale of property and equipment, net(0.1)(0.2)(0.1)(1.1)Restructuring and other asset gains, net$(0.1)$0.7 $(0.1)$(0.1)Restructuring charges by reportable segment and the Corporate and Other category are as follows:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Infrastructure Solutions$— $0.4 $— $0.5 Materials Solutions— 0.3 — 0.3 Corporate and Other— 0.2 — 0.2 Total restructuring related charges$— $0.9 $— $1.0 The net gains on sale of property and equipment by reportable segment are as follows:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Infrastructure Solutions$— $(0.2)$— $(0.3)Materials Solutions(0.1)— (0.1)(0.8)Total gain on sale of property and equipment, net$(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