Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 283

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 283
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2.4 38.5 Total revenues - reportable segments$800.3 $512.7 $1,313.0 Significant reportable segment expenses:Manufacturing operation costs:Equipment$404.0 $242.3 $646.3 Parts108.7 96.3 205.0 Other99.6 58.8 158.4 General and administrative39.6 27.9 67.5 Sales and marketing37.7 22.5 60.2 Quality costs (1)12.9 6.6 19.5 Research and development15.7 10.4 26.1 Inventory period costs (2)12.8 (0.8)12.0 Other segment items (3)0.1 0.7 0.8 Reportable Segment Operating Adjusted EBITDA$69.2 $48.0 $117.2 Reportable segment assets and capital expenditures:Assets$965.2 $734.6 $1,699.8 Capital expenditures31.1 9.0 40.1 (1) Quality costs related to repair or other remediation expenses incurred for corrective action on product failures covered by warranties or voluntarily for certain warranty-type expenses occurring after the normal warranty period expires to help protect the reputation of the Company's products and maintain the goodwill of customers.(2) Inventory period costs primarily relate to inventory reserves and adjustments and net scrap sales.(3) Other segment items consists of foreign exchange gains and losses, investment income and loss and other income and expense amounts that are included in Segment Operating Adjusted EBITDA that are not considered to be significant segment expenses.

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Reconciliations for the Company's reportable segment information are set forth below:Years Ended December 31, (in millions)202420232022Reconciliation of reportable segment revenues to "Net sales"Total revenues - reportable segments$1,360.4 $1,377.0 $1,313.0 Elimination of intersegment revenues(55.3)(38.8)(38.5)Net sales$1,305.1 $1,338.2 $1,274.5 Reconciliation of Reportable Segment Operating Adjusted EBITDA to "Income before income taxes"Segment Operating Adjusted EBITDA - reportable segments$