Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 287

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 287
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 Statements of Operations to the extent they are experienced. Restructuring, impairment and other asset charges, net incurred in 2024, 2023 and 2022 are as follows:Years Ended December 31, (in millions)202420232022Restructuring related charges:Costs associated with exited operations – Enid$8.6 $0.4 $1.0 Workforce reductions0.9 — — Costs associated with leadership change and overhead restructuring — 7.3 4.4 Costs associated with closing Tacoma— — 0.8 Total restructuring related charges9.5 7.7 6.2 Asset impairment charges:Other impairment charges— 1.2 3.5 Total asset impairment charges— 1.2 3.5 Gain on sale of property and equipment, net:Gain on sale of property and equipment, net(1.1)(3.1)(0.7)Total gain on sale of property and equipment, net(1.1)(3.1)(0.7)Restructuring, impairment and other asset charges, net$8.4 $5.8 $9.0 

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Table of Contents

Restructuring charges by reportable segment and the Corporate and Other category are as follows:Years Ended December 31, (in millions)202420232022Infrastructure Solutions$9.0 $0.5 $1.8 Materials Solutions0.3 — — Corporate and Other0.2 7.2 4.4 Total restructuring related charges$9.5 $7.7 $6.2 Impairment charges by reportable segment and the Corporate and Other category are as follows: Years Ended December 31, (in millions)202420232022Infrastructure Solutions$— $0.4 $2.5 Corporate and Other— 0.8 1.0 Total impairment charges$— $1.2 $3.5 The net gain on sale of property and equipment by reportable segment are as follows:Years Ended December 31, (in millions)202420232022Infrastructure Solutions$(0.3)$(3.1)$(0.7)Materials Solutions(0.8)— — Total gain on sale of property and equipment, net$(1.1)$(3.1)$(0.7