Company: ASTE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000792987-25-000064
Chunk: 86

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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 Company reports asset impairment charges, excluding goodwill impairment, and gains or losses on the sales of property and equipment collectively, with restructuring charges in "Restructuring and other asset (gains) losses, net" in the Consolidated Statements of Operations to the extent they are experienced. Restructuring charges and the gain on sale of property and equipment, net are presented below:Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Restructuring charges:Costs associated with exited operations – Enid$(0.2)$8.4 $(0.2)$8.5 Workforce reductions— — — 0.9 Total restructuring related charges(0.2)8.4 (0.2)9.4 Gain on sale of property and equipment, net:Gain on sale of property and equipment, net— — (0.1)(1.1)Total gain on sale of property and equipment, net— — (0.1)(1.1)Restructuring and other asset (gains) losses, net$(0.2)$8.4 $(0.3)$8.3 

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Restructuring charges by reportable segment and the Corporate and Other category are as follows:Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Infrastructure Solutions$(0.2)$8.4 $(0.2)$8.9 Materials Solutions— — — 0.3 Corporate and Other— — — 0.2 Total restructuring related charges$(0.2)$8.4 $(0.2)$9.4 The net gains on sale of property and equipment by reportable segment are as follows:Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Infrastructure Solutions$— $— $— $(0.3)Materials Solutions— — (0.1)(0.8)Total gain on sale of property and equipment, net$— $— $(0.1)$(1.1)In October 2024, the Company reached an agreement to resolve the action styled VenVer S.A. and Americas Coil Tubing LLP v. GEFCO, Inc. for $8.4 million, which was paid in the fourth quarter of 2024