Company: ASTE
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000792987-25-000047
Chunk: 1

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 as of June 30, 2025 and 22,803,976 as of December 31, 20244.6 4.6 Additional paid-in capital145.5 142.9 Accumulated other comprehensive loss(41.7)(51.1)Company stock held by deferred compensation programs, at cost(0.2)(0.3)Retained earnings566.7 541.7 Shareholders' equity674.9 637.8 Noncontrolling interest— (0.2)Total equity674.9 637.6 Total liabilities and equity$1,065.4 $1,043.6     

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

1

INDEX

ASTEC INDUSTRIES, INC.

Consolidated Statements of Operations

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

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Net sales$330.3 $345.5 $659.7 $654.7 Cost of sales242.0 264.2 479.0 496.5 Gross profit88.3 81.3 180.7 158.2 Selling, general and administrative expenses67.0 71.1 138.9 142.5 Goodwill impairment— 20.2 — 20.2 Restructuring and other asset gains, net(0.1)0.7 (0.1)(0.1)Income (loss) from operations21.4 (10.7)41.9 (4.4)Other income (expenses), net:Interest expense(2.1)(3.1)(4.1)(5.8)Interest income1.6 0.4 2.2 1.0 Other income (expenses), net1.7 (0.3)2.3 0.2 Income (loss) before income taxes22.6 (13.7)42.3 (9.0)Income tax provision5.8 0.3 11.2 1.7 Net income (loss)16.8 (14.0)31.1 (10.7)Net (income) loss attributable to noncontrolling interest(0.1)— (