Company: ASTE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000792987-25-000064
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Company: ASTEC INDUSTRIES INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
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Item 1. Financial Statements (Unaudited)

ASTEC INDUSTRIES, INC.

Consolidated Balance Sheets

(In millions, except share and per share data, unaudited)

September 30, 2025December 31, 2024ASSETSCurrent assets:Cash, cash equivalents and restricted cash$69.3 $90.8 Investments2.5 3.0 Trade receivables, contract assets and other receivables, net of allowance for credit losses of $2.9 and $2.3, respectively193.1 167.2 Inventories500.8 422.7 Prepaid and refundable income taxes20.5 9.3 Prepaid expenses and other assets35.0 29.8 Total current assets821.2 722.8 Property and equipment, net of accumulated depreciation of $289.1 and $264.4, respectively198.9 181.9 Investments21.3 18.9 Goodwill110.4 25.0 Intangible assets, net of accumulated amortization of $62.8 and $55.3, respectively130.6 11.2 Deferred income tax assets23.0 45.8 Other long-term assets43.6 38.0 Total assets$1,349.0 $1,043.6 LIABILITIES AND EQUITYCurrent liabilities:Current maturities of long-term debt$16.2 $— Short-term debt12.2 $13.3 Accounts payable94.4 79.2 Customer deposits76.1 77.3 Accrued product warranty19.0 16.1 Accrued employee related liabilities50.9 38.2 Accrued loss reserves1.8 1.7 Other current liabilities47.7 45.9 Total current liabilities318.3 271.7 Long-term debt323.6 105.0 Deferred income tax liabilities5.1 2.4 Other long-term liabilities33.0 26.9 Total liabilities680.0 406.0 Commitments and contingencies (Note 10)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