Company: ASTE
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000792987-25-000029
Chunk: 61

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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5)— (0.6)(0.6)Reportable Segment Operating Adjusted EBITDA$42.9 $5.2 $48.1 $25.6 $5.3 $30.9 Reportable segment capital expenditures$2.9 $0.7 $3.6 $4.4 $1.3 $5.7 (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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The reconciliation of Reportable Segment Operating Adjusted EBITDA to total "Income before income taxes" is set forth below:Three Months Ended March 31,(in millions)20252024Segment Operating Adjusted EBITDA - reportable segments$48.1 $30.9 Corporate and Other expenses(12.9)(12.0)Transformation program(6.9)(6.3)Restructuring and other related charges— (0.1)Gain on sale of property and equipment, net— 0.9 Transaction costs(0.8)— Interest expense, net(1.4)(2.1)Depreciation and amortization(6.4)(6.5)Net income attributable to noncontrolling interest— (0.1)Income before income taxes$19.7 $4.7 "Net sales" into major geographic regions, attributable to the shipping location or the location where service was performed, were as follows:Three Months Ended March 31,(in millions)20252024United States$273.8 $243.2 Canada15.4 18.9 Africa8.2 9.0 Europe7.4 9.0 Asia6.8 3.7 Brazil5.7 5.6 Australia4.7 9.3 Mexico3.2 4.3 South America (Excluding Brazil)3.2 5.0 Central America (