Company: ASTE
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000792987-25-000029
Chunk: 1

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 as of March 31, 2025 and 22,803,976 as of December 31, 20244.6 4.6 Additional paid-in capital144.0 142.9 Accumulated other comprehensive loss(48.1)(51.1)Company stock held by deferred compensation programs, at cost(0.3)(0.3)Retained earnings553.0 541.7 Shareholders' equity653.2 637.8 Noncontrolling interest(0.1)(0.2)Total equity653.1 637.6 Total liabilities and equity$1,056.0 $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 March 31,20252024Net sales$329.4 $309.2 Cost of sales237.0 232.3 Gross profit92.4 76.9 Selling, general and administrative expenses71.9 71.4 Restructuring and other asset gains, net— (0.8)Income from operations20.5 6.3 Other expenses, net:Interest expense(2.0)(2.7)Interest income0.6 0.6 Other income, net0.6 0.5 Income before income taxes19.7 4.7 Income tax provision5.4 1.4 Net income14.3 3.3 Net loss attributable to noncontrolling interest— 0.1 Net income attributable to controlling interest$14.3 $3.4 Per share data:Earnings per common share - Basic$0.63 $0.15 Earnings per common share - Diluted$0.62 $0.15 Weighted average shares outstanding - Basic22,833,292 22,762,098 Weighted average shares outstanding - Diluted22,976,526 22,834,814 

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

2

INDEX

ASTEC INDUSTRIES, INC.

Consolidated Statements of Comprehensive Income (Loss)

(In millions, unaudited)

Three Months Ended March 31,202520