Company: ASTE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000792987-25-000064
Chunk: 1

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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.20 par value; issued and outstanding – 22,875,841 as of September 30, 2025 and 22,803,976 as of December 31, 20244.6 4.6 Additional paid-in capital147.3 142.9 Accumulated other comprehensive loss(42.2)(51.1)Company stock held by deferred compensation programs, at cost(0.2)(0.3)Retained earnings559.4 541.7 Shareholders' equity668.9 637.8 Noncontrolling interest0.1 (0.2)Total equity669.0 637.6 Total liabilities and equity$1,349.0 $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 September 30,Nine Months Ended September 30,2025202420252024Net sales$350.1 $291.4 $1,009.8 $946.1 Cost of sales265.9 224.6 744.9 721.1 Gross profit84.2 66.8 264.9 225.0 Selling, general and administrative expenses83.3 65.6 222.2 208.1 Goodwill impairment— — — 20.2 Restructuring and other asset (gains) losses, net(0.2)8.4 (0.3)8.3 Income (loss) from operations1.1 (7.2)43.0 (11.6)Other expenses, net:Interest expense(7.3)(2.6)(11.4)(8.4)Interest income0.7 0.5 2.9 1.5 Other income, net0.4 0.8 2.7 1.0 (Loss) income before income taxes(5.1)(8.5)37.2 (17.5)Income tax (benefit) provision(0.9)(2.3)10.3 (0.6)Net (loss) income(4.2)(6.2)26.9 (