Company: ASTE
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000792987-25-000047
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Company: ASTEC INDUSTRIES INC
Filing Date: 2025-08-06
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)

June 30, 2025December 31, 2024ASSETSCurrent assets:Cash, cash equivalents and restricted cash$88.7 $90.8 Investments2.9 3.0 Trade receivables, contract assets and other receivables, net of allowance for credit losses of $2.9 and $2.3, respectively159.9 167.2 Inventories448.8 422.7 Prepaid and refundable income taxes15.7 9.3 Prepaid expenses and other assets30.0 29.8 Total current assets746.0 722.8 Property and equipment, net of accumulated depreciation of $276.2 and $264.4, respectively180.1 181.9 Investments20.4 18.9 Goodwill25.8 25.0 Intangible assets, net of accumulated amortization of $58.2 and $55.3, respectively10.1 11.2 Deferred income tax assets46.6 45.8 Other long-term assets36.4 38.0 Total assets$1,065.4 $1,043.6 LIABILITIES AND EQUITYCurrent liabilities:Short-term debt$11.8 $13.3 Accounts payable89.1 79.2 Customer deposits70.2 77.3 Accrued product warranty18.9 16.1 Accrued employee related liabilities38.1 38.2 Accrued loss reserves1.6 1.7 Other current liabilities45.1 45.9 Total current liabilities274.8 271.7 Long-term debt85.0 105.0 Deferred income tax liabilities2.4 2.4 Other long-term liabilities28.3 26.9 Total liabilities390.5 406.0 Commitments and contingencies (Note 8)Shareholders' equity:Preferred stock – authorized 2,000,000 shares of $1.00 par value; none issued— — Common stock – authorized 40,000,000 shares of $0.20 par value; issued and outstanding – 22,874,713