Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 277

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 277
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 for performance stock compensation expense— (1.0)0.2 (2) As noted above, in accordance with the terms of the underlying PSU award agreements, no shares were earned and distributed for the performance period ended during 2024.As of December 31, 2024, the Company had $3.1 million of unrecognized compensation expense before tax related to PSUs, which is expected to be recognized over a weighted average period of 1.9 years.Deferred Stock Units ("DSUs")The Non-Employee Directors Compensation Plan allows for deferred delivery of shares granted as payment of directors' annual retainer. As of December 31, 2024, there were 22,693 fully vested deferred stock units, which were excluded from the tables above. The aggregate fair value of these units as of December 31, 2024 was $0.8 million.The 2021 Plan and the 2011 Equity Incentive Plan allow for certain participants to elect to receive vested units on a deferred basis. As of December 31, 2024, there were 3,851 fully vested deferred stock units, which are excluded from the unvested balances as of December 31, 2024 in the tables above. The aggregate fair value of these units as of December 31, 2024 was $0.1 million.

18. Revenue Recognition

The following tables disaggregate the Company's revenue by major source for the periods ended December 31, 2024, 2023 and 2022 (excluding intercompany sales):For the Year Ended December 31, 2024(in millions)Infrastructure SolutionsMaterials SolutionsTotalNet Sales-Domestic:Equipment sales$510.9 $150.3 $661.2 Parts and component sales220.3 80.8 301.1 Service and equipment installation revenue23.5 0.8 24.3 Used equipment sales3.4 — 3.4 Freight revenue22.7 6.6 29.3 Other2.3 (6.2)(3.9)Total domestic revenue783.1 232.3 1,015.4 Net Sales-International:Equipment sales32.7 154.2 186.9 Parts and component sales19.7 67.4 87.1 Service and equipment installation revenue0.9 11.2 12.1 Used equipment sales— 0.