Company: ASTE
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000792987-25-000029
Chunk: 3

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 investments(0.4)(0.5)Sale of investments0.1 — Net cash used in investing activities(4.2)(5.9)

(Continued)

4

ASTEC INDUSTRIES, INC.

Consolidated Statements of Cash Flows (Continued)

(In millions, unaudited)

Three Months Ended March 31,20252024Cash flows from financing activities:Payment of dividends(2.9)(2.9)Proceeds from borrowings on credit facilities and bank loans95.5 68.4 Repayments of borrowings on credit facilities and bank loans(106.9)(16.7)Withholding tax paid upon vesting of share-based compensation awards(0.7)(0.4)Net cash (used in) provided by financing activities(15.0)48.4 Effect of exchange rates on cash0.5 (0.6)Increase (decrease) in cash, cash equivalents and restricted cash1.8 (5.1)Cash, cash equivalents and restricted cash, beginning of period90.8 63.2 Cash, cash equivalents and restricted cash, end of period$92.6 $58.1 Supplemental cash flow information:Cash paid during the year for:Interest$1.8 $1.5 Income taxes paid, net$0.9 $0.2 Supplemental disclosures of non-cash items:Non-cash investing activities:Capital expenditures in accounts payable$0.4 $0.4 Non-cash financing activities:Additions to right-of-use assets and lease liabilities$0.4 $1.3 

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

5

ASTEC INDUSTRIES, INC.

Consolidated Statements of Equity

(In millions except share and per share data, unaudited)

Common StockCommon Stock AmountAdditional Paid-in-CapitalAccumulated Other Comprehensive LossCompany Shares Held by DCPRetained EarningsNoncontrolling InterestTotal EquityBalance, December 31, 202422,803,976 $4.6 $142.9 $(51.1)$(0.3)$541.7 $(0.2)$637.6 Net income— — — — — 14.3 — 14.3 Other comprehensive income— — — 3.0 — —