Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 129

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 129
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.The Company has revised its presentation for the prior periods below to remove the presentation of Corporate and Other in conjunction with the reportable segment results and reconcile the total of the reportable segments’ revenues from external customers and measure of profit or loss to "Net sales" and "Income before income taxes", respectively, whereby Corporate and Other costs, net of eliminations, have been removed from total reportable segments’ revenues from external customers and Segment Operating Adjusted EBITDA and included in the reconciliations to "Net sales" and "Income before income taxes", respectively.

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Table of Contents

Information for the Company's reportable segments are set forth below:Year Ended December 31, 2024(in millions)Infrastructure SolutionsMaterials SolutionsTotalReportable segment revenues:Revenues from external customers$837.4 $467.7 $1,305.1 Intersegment revenues48.3 7.0 55.3 Total revenues - reportable segments$885.7 $474.7 $1,360.4 Significant reportable segment expenses:Manufacturing operation costs:Equipment$397.8 $231.0 $628.8 Parts121.5 80.7 202.2 Other104.8 41.0 145.8 General and administrative52.4 28.0 80.4 Sales and marketing44.3 28.1 72.4 Quality costs (1)17.3 12.3 29.6 Research and development16.1 7.7 23.8 Inventory period costs (2)10.3 7.8 18.1 Other segment items (3)(0.3)0.9 0.6 Reportable Segment Operating Adjusted EBITDA$121.5 $37.2 $158.7 Reportable segment assets and capital expenditures:Assets$1,095.8 $772.3 $1,868.1 Capital expenditures15.0 5.2 20.2 (1) Quality costs related to repair or other remediation expenses incurred for corrective action on product failures covered by warranties or voluntarily for certain warranty-type expenses occurring after the normal warranty period expires to help protect the reputation of the Company's products and maintain the goodwill of customers.(2) Inventory period costs primarily relate to inventory reserves and adjustments and net scrap sales.(3) Other segment items consists of foreign