Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 27

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 27
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0. Additionally, our participation in the U.S. Department of Energy's Better Plants program reflects our commitment to reducing energy consumption through technical advice, energy-efficient training and data analysis.

Marketing

We market our products domestically and internationally through direct and dealer support sales staff, domestic and international independent distributors and our international distribution sites in each of our reportable segments.

Asphalt and concrete plants and their related equipment are sold to asphalt or concrete producers, respectively, or domestic and foreign government agencies. Asphalt paving and road building equipment are sold to highway and heavy equipment contractors, utility contractors, commercial and residential paving contractors and governmental agencies, both domestically and internationally. Wood chippers, horizontal grinders and blower trucks are primarily sold to clearing, right of way, forestry and environmental recycling contractors.

Competition

This industry segment faces strong competition in price, service and product performance. The Infrastructure Solutions segment's primary competitors include the following as well as smaller manufacturers, both domestic and international:

Product CategoriesPrimary CompetitorsAsphalt plants and related components•Asphalt Drum Mixers Inc•Asphalt Equipment Company Inc. dba ALmix•Ammann Group•Gencor Industries, Inc•Benninghoven (part of Wirtgen Group, a John Deere Company)Concrete equipment•ERIE Strayer Company•Stephens Manufacturing•Vince Hagan Co.Paving and related equipment•Bomag (part of Fayat Group)•Caterpillar Paving Products (part of Caterpillar, Inc.)•Dynapac (part of Fayat Group)•LeeBoy•Vogele (part of Wirtgen Group, a John Deere Company)•Weiler Inc.Milling equipment•Bomag (part of Fayat Group)•Caterpillar Paving Products (part of Caterpillar, Inc.)•CMI Roadbuilding•Dynapac (part of Fayat Group)•Wirtgen Group (a John Deere Company)Forestry and recycling equipment•Bandit Industries, Inc.•Diamond Z•Doppstadt•EDGE Innovate•Tigercat•Morbark (part of Alamo Group)

Backlog

The backlog for the Infrastructure Solutions segment as of December 31, 2024 and 2023 was approximately $305.5 million and $364.7 million, respectively.

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Table of Contents

Materials Solutions Segment

Overview

The Materials Solutions segment designs and manufactures heavy rock processing equipment, in addition to servicing and supplying parts for the aggregate, mining, recycling