Company: ASTE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000792987-25-000064
Chunk: 7

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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— — — — (6.2)— (6.2)Other comprehensive income— — — 5.8 — — — 5.8 Dividends ($0.13 per share)— — — — — (3.0)— (3.0)Share-based compensation— — 1.4 — — — — 1.4 Issuance of common stock under incentive plan1,204 — — — — — — — Deferred compensation programs' transactions, net— — (0.1)— 0.2 — — 0.1 Balance, September 30, 202422,801,785 $4.6 $141.6 $(37.9)$(0.5)$523.6 $— $631.4 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

7

ASTEC INDUSTRIES, INC.

Notes to Unaudited Consolidated Financial Statements

Note 1. Basis of Presentation and Significant Accounting Policies

Description of BusinessAstec Industries, Inc. ("Astec" or the "Company") is a Tennessee corporation which was incorporated in 1972. The Company designs, engineers, manufactures, markets and services equipment and components used primarily in asphalt and concrete road building and related construction activities, as well as other products discussed below. The Company's products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. The Company's product portfolio includes both asphalt and concrete equipment. The Company also manufactures certain equipment and components unrelated to road construction, including equipment for the mining, quarrying, construction, demolition, land clearing, energy, hydro-electric and recycling industries and port and rail yard operators; industrial heat transfer equipment; commercial whole-tree pulpwood chippers; horizontal grinders; blower trucks; commercial and industrial burners; and combustion control systems.The Company operates in two reportable segments - Infrastructure Solutions and Materials Solutions. The Company's two reportable business segments comprise sites based upon the nature of the products produced or services provided, the type of customer for the products, the similarity of economic characteristics, the manner in which management reviews results and the nature of the production process, among other considerations.The Corporate and Other category consists primarily of the parent company and Astec Insurance Company ("