Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 5

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 5
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 debt13.3 11.0 Accounts payable79.2 116.9 Customer deposits77.3 70.2 Accrued product warranty16.1 16.5 Accrued employee related liabilities38.2 44.1 Accrued loss reserves1.7 2.7 Other current liabilities45.9 37.5 Total current liabilities271.7 299.0 Long-term debt105.0 72.0 Deferred income tax liabilities2.4 1.1 Other long-term liabilities26.9 33.5 Total liabilities406.0 405.6 Commitments and contingencies (Note 16)Shareholders' equity:Preferred stock – authorized 2,000,000 shares of $1.00 par value; none issued— — Common stock – authorized 40,000,000 shares of $0.20 par value; issued and outstanding – 22,803,976 in 2024 and 22,740,635 in 20234.6 4.5 Additional paid-in capital142.9 138.4 Accumulated other comprehensive loss(51.1)(38.1)Company stock held by deferred compensation programs, at cost(0.3)(0.8)Retained earnings541.7 549.4 Shareholders' equity637.8 653.4 Noncontrolling interest(0.2)0.3 Total equity637.6 653.7 Total liabilities and equity$1,043.6 $1,059.3 

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

38

Table of Contents

ASTEC INDUSTRIES, INC.

Consolidated Statements of Operations

(In millions, except share and per share data)

Years Ended December 31, 202420232022Net sales$1,305.1 $1,338.2 $1,274.5 Cost of sales977.2 1,007.4 1,010.4 Gross profit327.9 330.8 264.1 Selling, general and administrative expenses276.1 276.4 247.6 Goodwill impairment20.2 — — Restructuring, impairment and other asset charges, net8.4 5.8 9.0 Income from operations23.2 48.