Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 24

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 24
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 the evaluation of ongoing operating performance. The Company's presentation of Segment Operating Adjusted EBITDA may not be comparable to similar measures used by other companies and is not necessarily indicative of the results of operations that would have occurred had each reportable segment been an independent, stand-alone entity during the periods presented.

Infrastructure Solutions Segment

Overview

The Infrastructure Solutions segment designs, engineers, manufactures and markets a complete line of asphalt plants, concrete plants and their related components and ancillary equipment, including industrial automation controls and telematics platforms, as well as asphalt road construction equipment, industrial thermal systems, land clearing, recycling and other heavy equipment. Infrastructure Solutions manufacturing operations are primarily located in the United States and Canada. Our India site services and installs equipment and provides parts in the region in which it operates for many of the products produced by all of the Company's manufacturing sites.

Astec Digital, which is included in the Infrastructure Solutions segment, is responsible for the development and delivery of the Astec Digital Ecosystem which enables customers to leverage our product portfolio and associated data to provide insight into their operations. Our focus is to connect all Astec products to the Astec Digital Ecosystem and leverage this data to create a competitive advantage for our customers that can allow them to be more efficient, productive and sustainable. Astec Digital has locations in Belgium, Canada, France, the United Kingdom and the United States.

Beginning January 1, 2024, Astec Digital, which was previously included in the Corporate and Other category, is reported in the Infrastructure Solutions segment while the Australia and Chile ("LatAm") sites, which were previously included in the Infrastructure Solutions segment, are reported in the Materials Solutions segment.

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Table of Contents

Products and Services

The primary products produced and services provided by the Infrastructure Solutions segment include:

Asphalt plants and related componentsHeatersConcrete dust control systemsAsphalt paversVaporizersConcrete material handling systemsScreedsHeat recovery unitsPaste back-fill plantsAsphalt storage tanksHot oil heatersBagging plantsFuel storage tanksIndustrial and asphalt burners and systemsBlower trucks and trailersMaterial transfer vehiclesSoil stabilizing/reclaiming machineryWood chippers and grindersMilling machinesSoil remediation plantsControl systemsPump trailersConcrete batch plantsService, construction and retrofitsLiquid terminalsStorage equipment and related partsEngineering and environmental permitting servicesPolymer plantsConcrete mixersCold central plant recycle systemsIndustrial automation controlsTelematics platforms

As the backbone of road infrastructure development, asphalt and concrete mixing plants play a crucial role in the construction industry