Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 130

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 130
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 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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Table of Contents

Year Ended December 31, 2023(in millions)Infrastructure SolutionsMaterials SolutionsTotalReportable segment revenues:Revenues from external customers$800.4 $537.8 $1,338.2 Intersegment revenues37.8 1.0 38.8 Total revenues - reportable segments$838.2 $538.8 $1,377.0 Significant reportable segment expenses:Manufacturing operation costs:Equipment$408.5 $274.4 $682.9 Parts121.9 82.1 204.0 Other65.8 41.8 107.6 General and administrative53.5 39.2 92.7 Sales and marketing44.6 27.6 72.2 Quality costs (1)15.1 12.1 27.2 Research and development15.1 6.7 21.8 Inventory period costs (2)11.3 4.9 16.2 Other segment items (3)— (0.7)(0.7)Reportable Segment Operating Adjusted EBITDA$102.4 $50.7 $153.1 Reportable segment assets and capital expenditures:Assets$1,041.5 $800.2 $1,841.7 Capital expenditures24.8 8.9 33.7 (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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Year Ended December 31, 2022(in millions)Infrastructure SolutionsMaterials SolutionsTotalReportable segment revenues:Revenues from external customers$764.2 $510.3 $1,274.5 Intersegment revenues36.1