Company: ASTE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000792987-25-000013
Chunk: 234

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 234
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.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 48.6 7.5 Other expenses, net:Interest expense(10.7)(8.9)(2.5)Interest income2.0 2.1 1.0 Other (expenses) income, net(0.6)1.0 (1.6)Income before income taxes13.9 42.8 4.4 Income tax provision9.8 9.1 5.0 Net income (loss)4.1 33.7 (0.6)Net loss (income) attributable to noncontrolling interest0.2 (0.2)0.5 Net income (loss) attributable to controlling interest$4.3 $33.5 $(0.1)Per share data:Earnings per common share - Basic$0.19 $1.47 $— Earnings per common share - Diluted$0.19 $1.47 $— Weighted average shares outstanding - Basic22,799,071 22,719,900 22,790,717 Weighted average shares outstanding - Diluted22,853,451 22,781,369 22,790,717 

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