ASTE on Nasdaq
ASTEC INDUSTRIES INC
American construction machinery and equip company based in Chattanooga2
In its 2026 annual report the company says: “We design, engineer, manufacture, market and service equipment and components used primarily in asphalt and concrete road building and related construction activities, as well as other products discussed below. Our products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface.”5 Its shares trade on Nasdaq under the symbol ASTE.2
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Last updated Oct 21, 2026.
Overview
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- TickerASTE on Nasdaq2
- IndustryConstruction Machinery & Equip2
- HeadquartersChattanooga, United States2
- Incorporated inTN3
- Business address1725 Shepherd Road, Chattanooga, Tn 374213
- Filer categoryLarge accelerated filer3
- Legal formFor-Profit Corporation2
- LEI5493002DO2QKHLKB2A482
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O CORPORATION SERVICE COMPANY, 37203 Nashville, United States2
- Registered withBusiness Services (Department of State), 0000018022
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We design, engineer, manufacture, market and service equipment and components used primarily in asphalt and concrete road building and related construction activities, as well as other products discussed below. Our products are used in each phase of road building, from quarrying and crushing the aggregate to application of the road surface. We also offer industrial automation controls and telematics platforms as well as manufacturing certain equipment and components unrelated to road construction, including equipment for the mining, quarrying, construction, demolition, land clearing, energy, hydro-electric and recycling industries and port and rail yard operators; industrial heat transfer equipment; commercial whole-tree pulpwood chippers; horizontal grinders; blower trucks; commercial and industrial burners; and combustion control systems.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
26.5%Gross margin6
4.7%Operating margin6
2.8%Net margin6
8.1%Revenue growth, 20256
5.7%Return on equity6
0.47×Debt to equity6
$20.7MFree cash flow6
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Infrastructure Group brought in 60% of the revenue ASTEC INDUSTRIES INC broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Infrastructure Group | $838.2M | $885.7M | $893.4M |
| Material Solutions | $538.8M | $474.7M | $557.9M |
| Elimination Of Intersegment Revenues | $38.8M | $55.3M | $40.9M |
Regions
United States brought in 81% of the revenue ASTEC INDUSTRIES INC broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $1.1B | $1.0B | $1.1B |
| Canada | $58.5M | $67.4M | $69.8M |
| Australia and Oceana | $55.7M | $52.3M | $41.9M |
| Africa | $36.6M | $40.5M | $39.6M |
| Brazil | $27.0M | $32.9M | $35.9M |
| Other European Countries | $26.2M | $23.7M | $24.6M |
| South America (excluding Brazil) | $19.8M | $17.8M | $22.1M |
| Other Asian Countries | $7.7M | $12.3M | $13.5M |
| Mexico | $8.4M | $23.8M | $9.2M |
| Japan and South Korea | $300.0K | $0 | $7.2M |
| West Indies | $2.5M | $3.8M | $5.5M |
| Middle East | $4.9M | $1.8M | $3.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue73¢$1.0B
- Research and development2¢$26.9M
- Selling, general and admin22¢$308.7M
- Income tax1¢$14.3M
- Profit3¢$38.8M
Out of $1.4B in revenue.6
Where each dollar of operating cash went, fiscal 2025
- Capital spending66¢$40.7M
- Dividends paid19¢$11.9M
- Kept or used elsewhere14¢$8.8M
Out of $61.4M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $1.4B | $1.3B | $1.3B |
| Cost of sales | $1.0B | $977.2M | $1.0B |
| Gross profit | $374.2M | $327.9M | $330.8M |
| Selling, general and administrative expenses | $308.7M | $276.1M | $276.4M |
| Goodwill impairment | $0 | $20.2M | $0 |
| Restructuring, impairment and other asset (gains) charges, net | -$400.0K | $8.4M | $5.8M |
| Income from operations | $65.9M | $23.2M | $48.6M |
| Interest expense | -$18.5M | -$10.7M | -$8.9M |
| Interest income | $3.3M | $2.0M | $2.1M |
| Other income (expenses), net | $2.4M | -$600.0K | $1.0M |
| Income before income taxes | $53.1M | $13.9M | $42.8M |
| Income tax provision | $14.3M | $9.8M | $9.1M |
| Net income | $38.8M | $4.1M | $33.7M |
| Net loss (income) attributable to noncontrolling interest | $0 | $200.0K | -$200.0K |
| Net income attributable to controlling interest | $38.8M | $4.3M | $33.5M |
| Earnings per common share - Basic (in dollars per share) | $1.70 | $0.19 | $1.47 |
| Earnings per common share - Diluted (in dollars per share) | $1.68 | $0.19 | $1.47 |
| Weighted average shares outstanding - Basic (in shares) | 22.9M shares | 22.8M shares | 22.7M shares |
| Weighted average shares outstanding - Diluted (in shares) | 23.1M shares | 22.9M shares | 22.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $72.0M | $90.8M | ||
| Investments | $2.1M | $3.0M | ||
| Trade receivables, contract assets and other receivables, net | $218.7M | $167.2M | ||
| Inventories | $466.0M | $422.7M | ||
| Prepaid and refundable income taxes | $15.0M | $9.3M | ||
| Prepaid expenses and other assets | $42.8M | $29.8M | ||
| Total current assets | $816.6M | $722.8M | ||
| Property and equipment, net | $222.3M | $181.9M | ||
| Investments | $21.1M | $18.9M | ||
| Goodwill | $111.8M | $25.0M | $46.3M | |
| Intangible assets, net | $124.5M | $11.2M | ||
| Deferred income tax assets | $25.3M | $45.8M | ||
| Other long-term assets | $45.6M | $38.0M | ||
| Total assets | $1.4B | $1.0B | $1.1B | |
| Current maturities of long-term debt | $16.2M | $0 | ||
| Short-term debt | $12.1M | $13.3M | ||
| Accounts payable | $93.5M | $79.2M | ||
| Customer deposits | $83.7M | $77.3M | ||
| Accrued product warranty | $19.3M | $16.1M | ||
| Accrued employee related liabilities | $51.2M | $38.2M | ||
| Other current liabilities | $52.0M | $47.6M | ||
| Total current liabilities | $328.0M | $271.7M | ||
| Long-term debt | $319.6M | $105.0M | ||
| Deferred income tax liabilities | $6.7M | $2.4M | ||
| Other long-term liabilities | $31.3M | $26.9M | ||
| Total liabilities | $685.6M | $406.0M | ||
| Preferred stock authorized 2,000,000 shares of $1.00 par value; none issued | $0 | $0 | ||
| Common stock authorized 40,000,000 shares of $0.20 par value; issued and outstanding 22,877,530 in 2025 and 22,803,976 in 2024 | $4.6M | $4.6M | ||
| Additional paid-in capital | $149.6M | $142.9M | ||
| Accumulated other comprehensive loss | -$40.6M | -$51.1M | ||
| Company stock held by deferred compensation programs, at cost | -$200.0K | -$300.0K | ||
| Retained earnings | $568.3M | $541.7M | ||
| Shareholders' equity | $681.7M | $637.8M | ||
| Noncontrolling interest | -$100.0K | -$200.0K | ||
| Total equity | $681.6M | $637.6M | $653.7M | $626.9M |
| Total liabilities and equity | $1.4B | $1.0B | ||
| Preferred stock, authorized (in shares) | 2.0M shares | 2.0M shares | ||
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | ||
| Common stock, authorized (in shares) | 40.0M shares | 40.0M shares | ||
| Common stock, par value (in dollars per share) | $0.20 | $0.20 | ||
| Common stock, issued (in shares) | 22.9M shares | 22.8M shares | ||
| Common stock, outstanding (in shares) | 22.9M shares | 22.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $72.0M | $90.8M | ||
| Investments | $2.1M | $3.0M | ||
| Trade receivables, contract assets and other receivables, net | $218.7M | $167.2M | ||
| Inventories | $466.0M | $422.7M | ||
| Prepaid and refundable income taxes | $15.0M | $9.3M | ||
| Prepaid expenses and other assets | $42.8M | $29.8M | ||
| Total current assets | $816.6M | $722.8M | ||
| Property and equipment, net | $222.3M | $181.9M | ||
| Investments | $21.1M | $18.9M | ||
| Goodwill | $111.8M | $25.0M | $46.3M | |
| Intangible assets, net | $124.5M | $11.2M | ||
| Deferred income tax assets | $25.3M | $45.8M | ||
| Other long-term assets | $45.6M | $38.0M | ||
| Total assets | $1.4B | $1.0B | $1.1B | |
| Current maturities of long-term debt | $16.2M | $0 | ||
| Short-term debt | $12.1M | $13.3M | ||
| Accounts payable | $93.5M | $79.2M | ||
| Customer deposits | $83.7M | $77.3M | ||
| Accrued product warranty | $19.3M | $16.1M | ||
| Accrued employee related liabilities | $51.2M | $38.2M | ||
| Other current liabilities | $52.0M | $47.6M | ||
| Total current liabilities | $328.0M | $271.7M | ||
| Long-term debt | $319.6M | $105.0M | ||
| Deferred income tax liabilities | $6.7M | $2.4M | ||
| Other long-term liabilities | $31.3M | $26.9M | ||
| Total liabilities | $685.6M | $406.0M | ||
| Preferred stock authorized 2,000,000 shares of $1.00 par value; none issued | $0 | $0 | ||
| Common stock authorized 40,000,000 shares of $0.20 par value; issued and outstanding 22,877,530 in 2025 and 22,803,976 in 2024 | $4.6M | $4.6M | ||
| Additional paid-in capital | $149.6M | $142.9M | ||
| Accumulated other comprehensive loss | -$40.6M | -$51.1M | ||
| Company stock held by deferred compensation programs, at cost | -$200.0K | -$300.0K | ||
| Retained earnings | $568.3M | $541.7M | ||
| Shareholders' equity | $681.7M | $637.8M | ||
| Noncontrolling interest | -$100.0K | -$200.0K | ||
| Total equity | $681.6M | $637.6M | $653.7M | $626.9M |
| Total liabilities and equity | $1.4B | $1.0B | ||
| Preferred stock, authorized (in shares) | 2.0M shares | 2.0M shares | ||
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | ||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | ||
| Common stock, authorized (in shares) | 40.0M shares | 40.0M shares | ||
| Common stock, par value (in dollars per share) | $0.20 | $0.20 | ||
| Common stock, issued (in shares) | 22.9M shares | 22.8M shares | ||
| Common stock, outstanding (in shares) | 22.9M shares | 22.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $38.8M | $4.1M | $33.7M |
| Depreciation and amortization | $36.3M | $26.8M | $25.6M |
| Amortization of acquisition-related inventory fair value step-up | $7.4M | $0 | $0 |
| Provision for credit losses | $2.1M | $600.0K | $1.6M |
| Provision for warranties | $23.9M | $18.6M | $17.6M |
| Deferred compensation expense (benefit) | $100.0K | -$100.0K | -$100.0K |
| Share-based compensation | $7.1M | $5.0M | $4.1M |
| Deferred tax provision (benefit) | $400.0K | -$6.8M | -$6.4M |
| Gain on sale of property and equipment, net | -$200.0K | -$1.1M | -$3.1M |
| Goodwill impairment | $0 | $20.2M | $0 |
| Other impairment charges | $0 | $0 | $1.2M |
| Amortization of debt issuance costs | $1.2M | $300.0K | $300.0K |
| Distributions to deferred compensation programs' participants | -$1.1M | -$1.1M | -$1.8M |
| Purchase of trading securities, net | -$200.0K | -$1.5M | -$300.0K |
| Receivables and other contract assets | -$28.4M | -$20.6M | $20.5M |
| Inventories | $11.8M | $27.4M | -$63.0M |
| Prepaid expenses | -$2.2M | -$3.5M | $2.2M |
| Other assets | -$500.0K | -$900.0K | -$12.8M |
| Accounts payable | -$2.1M | -$35.9M | $7.7M |
| Accrued employee related liabilities | $9.7M | -$5.4M | $8.7M |
| Other accrued liabilities | -$4.7M | -$2.9M | $600.0K |
| Accrued product warranty | -$21.8M | -$18.9M | -$13.1M |
| Customer deposits | -$12.7M | $7.6M | $1.0M |
| Income taxes payable/prepaid | -$3.5M | $11.1M | $3.6M |
| Net cash provided by operating activities | $61.4M | $23.0M | $27.8M |
| Acquisitions, net of cash acquired | -$248.7M | $0 | $0 |
| Expenditures for property and equipment | -$40.7M | -$20.5M | -$34.1M |
| Proceeds from sale of property and equipment | $800.0K | $2.3M | $20.3M |
| Proceeds from insurance | $700.0K | $400.0K | $0 |
| Purchase of investments | -$900.0K | -$1.1M | -$1.0M |
| Sale of investments | $1.0M | $900.0K | $1.9M |
| Net cash used in investing activities | -$287.8M | -$18.0M | -$12.9M |
| Payment of dividends | -$11.9M | -$11.9M | -$11.8M |
| Proceeds from borrowings on credit facilities and bank loans | $459.1M | $215.6M | $240.6M |
| Repayments of borrowings on credit facilities and bank loans | -$230.1M | -$179.2M | -$245.8M |
| Payment of debt issuance costs | -$10.4M | $0 | $0 |
| Sale of Company stock by deferred compensation programs, net | $100.0K | $400.0K | $300.0K |
| Withholding tax paid upon vesting of share-based compensation awards | -$700.0K | -$500.0K | -$1.6M |
| Net cash provided by (used in) financing activities | $206.1M | $24.4M | -$18.3M |
| Effect of exchange rates on cash | $1.5M | -$1.8M | $600.0K |
| (Decrease) increase in cash and cash equivalents and restricted cash | -$18.8M | $27.6M | -$2.8M |
| Interest | $16.1M | $8.5M | $7.0M |
| Income taxes paid, net | $19.7M | $8.2M | $13.8M |
| Capital expenditures in accounts payable | $500.0K | $1.0M | $1.5M |
| Additions to right-of-use assets and lease liabilities | $5.0M | $2.4M | $800.0K |
No quarter-by-quarter statement was filed.
Corporate structure
ASTEC INDUSTRIES INC sits at the top of its group. 55 entities, 12 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of ASTEC INDUSTRIES INC
- GAMCO Investors Filed SCHEDULE 13D/A on ASTEC INDUSTRIES INC, latest Aug 12, 2026 (3 filings since Jul 10, 2024)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on ASTEC INDUSTRIES INC, latest Apr 29, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on ASTEC INDUSTRIES INC, latest Apr 28, 2026
- BlackRock Filed SCHEDULE 13G/A on ASTEC INDUSTRIES INC, latest Apr 24, 2026 (9 filings since Jan 25, 2022)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on ASTEC INDUSTRIES INC, latest Mar 26, 2026 (4 filings since Feb 9, 2022)
- VICTORY CAPITAL MANAGEMENT INC Filed SCHEDULE 13G/A on ASTEC INDUSTRIES INC, latest Oct 31, 2025 (5 filings since Feb 2, 2022)
- DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on ASTEC INDUSTRIES INC, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
- ASTEC INDUSTRIES INC Chattanooga, Tennessee, United States
- Allinov Inc. Subsidiary · Quebec, Canada
- Astec Asia Pacific Ltd. Subsidiary · Thailand
- ASTEC AUSTRALIA PTY LTD Subsidiary · Chattanooga, Tennessee, United States
- Astec Digital Belgium BV Subsidiary · Belgium
- Astec Digital Canada Inc. Subsidiary · Saint-Alphonse-de-Granby, Quebec, Canada
- Astec Digital France Subsidiary · France
- Astec Digital Holdings, LLC Subsidiary · Delaware, United States
- Astec Digital IP Holding Inc. Subsidiary · Saint-Alphonse-de-Granby, Quebec, Canada
- Astec Digital Minds Group Inc. Subsidiary · Saint-Alphonse-de-Granby, Quebec, Canada
- Astec Digital U.S. Inc. Subsidiary · Tennessee, United States
- Astec Digital UK Subsidiary · United Kingdom
- Astec do Brasil Fabricacao de Equipamentos Ltda. Subsidiary · Brazil
- Astec Equipment India LLP Subsidiary · India
- Astec Industries Africa Middle East (Pty) Ltd. Subsidiary · South Africa
- ASTEC INDUSTRIES EUROPE LIMITED Subsidiary · Omagh, United Kingdom
- Astec Industries Holdings, LLC Subsidiary · Delaware, United States
- Astec Industries LatAm SpA Subsidiary · Chile
- Astec Industries South Africa (Pty) Ltd. Subsidiary · South Africa
- Astec Insurance Company Subsidiary · Vermont, United States
- Astec Mobile Screens, Inc. Subsidiary · Nevada, United States
- Astec, Inc. Subsidiary · Tennessee, United States
- Audobon Manufacturing Corporation Subsidiary · Iowa, United States
- B.M.H. Systems Corporation Subsidiary · Delaware, United States
- BREAKER TECHNOLOGY LTD. Subsidiary · Thornbury, Ontario, Canada
- Carlson Paving Products, Inc. Subsidiary · Washington, United States
- and 29 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What ASTEC INDUSTRIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $285.0M6 Dec 31, 2025 | $264.4M6 Dec 31, 2024 | +7.8% |
| Property and equipment, net | $222.3M6 Dec 31, 2025 | $181.9M6 Dec 31, 2024 | +22.2% |
| Operating-lease assets (leased space) | $14.9M6 Dec 31, 2025 | $7.8M6 Dec 31, 2024 | +91.0% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $72.0M6 Dec 31, 2025 | $90.8M6 Dec 31, 2024 | −20.7% |
| Marketable securities, current | $2.1M6 Dec 31, 2025 | $3.0M6 Dec 31, 2024 | −30.0% |
| Marketable securities, non-current | $21.1M6 Dec 31, 2025 | $18.9M6 Dec 31, 2024 | +11.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $111.8M6 Dec 31, 2025 | $25.0M6 Dec 31, 2024 | +347.2% |
| Intangible assets, net (excluding goodwill) | $124.5M6 Dec 31, 2025 | $11.2M6 Dec 31, 2024 | +1011.6% |
| Finite-lived intangibles, gross | $194.6M6 Dec 31, 2025 | $66.5M6 Dec 31, 2024 | +192.6% |
| Accumulated amortization | $70.1M6 Dec 31, 2025 | $55.3M6 Dec 31, 2024 | +26.8% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $466.0M6 Dec 31, 2025 | $422.7M6 Dec 31, 2024 | +10.2% |
| Work in process | $70.6M6 Dec 31, 2025 | $60.9M6 Dec 31, 2024 | +15.9% |
| Finished goods | $76.6M6 Dec 31, 2025 | $83.5M6 Dec 31, 2024 | −8.3% |
Properties, in its own words
As of December 31, 2025, our manufacturing, warehouse and office facilities total approximately 4.0 million square feet of space globally. We believe all properties to be well maintained and adequate for present use, with sufficient capacities for current needs as our business is presently conducted. As we continue to optimize our global footprint, we may identify properties or expansion
opportunities at existing locations that provide growth opportunity or determine that certain of our current properties no longer meet our requirements. Such new properties may be leased or purchased, and current properties may be modified, sold, leased or utilized in another manner.
The rest of Item 2
Our corporate headquarters are in owned offices located in Chattanooga, Tennessee. Additional administrative offices are located inside and outside the United States.
The following table lists the principal locations that are owned or leased by us, as denoted, and which are utilized in our continuing business operations:
Location · Segment · Facility Type/Use · Approximate Square Feet
United States
Chattanooga, Tennessee (1) · Infrastructure Solutions · Manufacturing/rebuild, offices, training center, warehouse and storage · 1,397,388
Yankton, South Dakota · Materials Solutions · Manufacturing, warehouse and offices · 344,995
Eugene, Oregon · Materials Solutions · Manufacturing and offices · 140,300
Portland, Oregon (1) · Materials Solutions · Manufacturing · 138,200
Eugene, Oregon · Infrastructure Solutions · Manufacturing and offices · 135,920
Blair, Nebraska (1) · Infrastructure Solutions · Manufacturing and offices · 123,100
Burlington, Wisconsin · Infrastructure Solutions · Manufacturing and offices · 112,100
Stafford, Texas (1) · Materials Solutions · Manufacturing · 110,800
Prairie du Chien, Wisconsin · Infrastructure Solutions · Manufacturing · 100,336
Belleville, Illinois · Materials Solutions · Manufacturing and offices · 95,000
Parsons, Kansas · Infrastructure Solutions · Manufacturing and offices · 91,600
Princeton, West Virginia · Materials Solutions · Manufacturing · 84,041
Sterling, Illinois (1) · Materials Solutions · Manufacturing and offices · 67,500
Duncan, South Carolina (1) · Materials Solutions · Manufacturing and offices · 60,000
Raleigh, Illinois · Materials Solutions · Manufacturing · 52,000
International
Johannesburg, Gauteng, South Africa · Materials Solutions · Manufacturing and offices · 229,000
Omagh, County Tyrone, United Kingdom · Materials Solutions · Manufacturing and offices · 205,000
Vespasiano, Minas Gerais, Brazil · Materials Solutions · Manufacturing and offices · 132,400
Thornbury, Ontario, Canada · Materials Solutions · Manufacturing and offices · 60,500
(1) These facilities are partially or fully leased.
Item 2 of the 10-K filed Feb 25, 2026.5
Leadership
Who has led ASTEC INDUSTRIES INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
- Alan W. Odgers2006–2008
- Frank D. Cargould2006–2013
- J. Don Brock2006–2012
- Jeffrey J. Elliott2006–2007
- Jeffrey L. Richmond2006–2016
- Joseph P. Vig2006–2014
- Richard A. Patek2006–2008
- Richard J. Dorris2006–2012
- Timothy D. Gonigam2006–2018
- Michael A. Bremmer2006–2017
- Benjamin G. Brock2006–2012
- David L. Winters2007–2011
- James F. Pfeiffer2007–2012
- Lawrence R. Cumming2007–2017
- Joe K. Cline2008–2012
- Chris E. Colwell2011–2018
- D. Aaron Harmon2011
- W. Norman Smith2012–2014
- Matthew B. Haven2013–2018
- Jeffrey L. May2013–2017
- Donald J. Sissons2014–2017
- Malcolm L. Swanson2014–2018
- Thomas H. Wilkey2014–2018
- Adrian A. McCutcheon2015
- Steven L. Claude2015–2018
- John J. Irvine Iii.2016–2018
- William A. Wiener2016–2017
- Joel Scott Barker2017–2019
- Jody D. Volner2017–2018
- John F. Jacob2018
- Jaco Van Der Merwe2019–2022
- Barry Ruffalo2019–2022
- Timothy A. Averkamp2019–2023
- Barend Snyman2023–2026
- Chad Jeffrey Hartley2026–now
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerJaco Van Der Merwe Mar 1, 2023 to now14
- Chief executive officerBarry Ruffalo Aug 12, 2019 to Dec 6, 202215
- Chief executive officerBenjamin G. Brock Jun 9, 2014 to May 7, 201816
- Chief executive officerJ. Don Brock Jan 17, 2006 to Dec 2, 201317
- ChairJ. Don Brock Jan 10, 2014 to Mar 2, 201518
- PresidentChad Jeffrey Hartley May 19, 2026 to now19
- PresidentBarend Snyman Jul 11, 2023 to May 19, 202620
- PresidentJaco Van Der Merwe Apr 1, 2019 to Dec 6, 202221
- PresidentBarry Ruffalo Aug 12, 2019 to Dec 6, 202215
- PresidentTimothy A. Averkamp Nov 14, 2019 to Aug 31, 202322
- PresidentJohn F. Jacob Jan 12, 2018 to Jan 12, 201823
- PresidentJoel Scott Barker Apr 10, 2017 to Oct 8, 201924
- PresidentJody D. Volner Nov 1, 2017 to Jan 12, 201825
- PresidentJohn J. Irvine Iii. Apr 1, 2016 to Jan 12, 201826
- PresidentWilliam A. Wiener Aug 10, 2016 to May 4, 201727
- PresidentAdrian A. McCutcheon Mar 2, 2015 to Mar 2, 201528
- PresidentSteven L. Claude Aug 24, 2015 to Mar 1, 201829
- PresidentDonald J. Sissons Jan 2, 2014 to Mar 1, 201730
- PresidentMalcolm L. Swanson Jan 2, 2014 to Jan 12, 201831
- PresidentThomas H. Wilkey Jan 2, 2014 to Jan 12, 201832
- PresidentMatthew B. Haven Feb 20, 2013 to Jan 12, 201833
- PresidentJeffrey L. May Sep 25, 2013 to Mar 1, 201734
- PresidentW. Norman Smith Nov 13, 2012 to Sep 2, 201435
- PresidentChris E. Colwell Jun 2, 2011 to Jan 12, 201836
- PresidentD. Aaron Harmon Oct 26, 2011 to Oct 26, 201137
- PresidentJoe K. Cline Feb 29, 2008 to Jan 18, 201238
- PresidentDavid L. Winters Jan 3, 2007 to Mar 1, 201139
- PresidentJames F. Pfeiffer Jan 3, 2007 to Jul 10, 201240
- PresidentLawrence R. Cumming Aug 8, 2007 to Oct 16, 201741
- PresidentAlan W. Odgers Jan 17, 2006 to Jan 11, 200842
- PresidentFrank D. Cargould Jan 17, 2006 to Dec 3, 201343
- PresidentJ. Don Brock Jan 17, 2006 to Oct 12, 201217
- PresidentJeffrey J. Elliott Jan 17, 2006 to May 9, 200744
- PresidentJeffrey L. Richmond Jan 17, 2006 to Feb 29, 201645
- PresidentJoseph P. Vig Jan 17, 2006 to Jul 9, 201446
- PresidentRichard A. Patek Jan 17, 2006 to Feb 29, 200847
- PresidentRichard J. Dorris Jan 17, 2006 to May 8, 201248
- PresidentTimothy D. Gonigam Jan 17, 2006 to Jan 12, 201849
- PresidentMichael A. Bremmer Feb 14, 2006 to Jul 13, 201750
- PresidentBenjamin G. Brock Dec 14, 2006 to Dec 14, 201251
- Chief financial officerHeinrich Jonker Mar 12, 2024 to Sep 3, 202452
- Chief financial officerBrian James Harris Oct 15, 2024 to now53
- Chief financial officerRebecca A. Weyenberg Dec 12, 2019 to Feb 28, 202454
- Chief financial officerDavid C. Silvious Mar 9, 2012 to Mar 1, 201855
- Chief financial officerF. McKamy Hall Jan 17, 2006 to Mar 1, 201156
- Chief operating officerRichard J. Dorris Mar 3, 2014 to Mar 1, 201857
- Chief operating officerJames Neal Ferry Jan 24, 2007 to Jul 18, 200758
Board members and other officers (55)
- VP, Chief Accounting OfficerRobert Gerald Putney Feb 25, 2025 to now59
- GC & CORPORATE SECRETARYEdward Terrell Gilbert Jr. Mar 28, 2024 to now60
- SVP and CHROReuben Srinivasan Mar 10, 2021 to Jul 21, 202161
- GC and Corp SecretaryAnshu Pasricha Mar 11, 2021 to Apr 27, 202362
- VP, CAO & Corporate ControllerJamie E. Palm Nov 12, 2020 to Dec 2, 202463
- CIOMatthew T. Litchfield Sr. Oct 2, 2019 to Jun 1, 202264
- Sr VP of OperationsGregory G. Oswald Nov 4, 2019 to Nov 4, 201965
- Sr VP-InnovationJoel Scott Barker Dec 2, 2019 to Mar 2, 202066
- Managing Director-Astec BrasilJose Rogerio Jan 12, 2018 to Jan 12, 201867
- Managing Director-OsbornMarthinus J. Goosen Apr 7, 2017 to Apr 7, 201768
- Managing Director-TelestackMartin Dummigan Jan 21, 2016 to Feb 28, 201769
- Group Pres EnergryJaco Van Der Merwe Sep 7, 2016 to Jan 10, 201970
- Grp VP-Asphalt;Pres Astec, IncBenjamin G. Brock Feb 11, 2013 to Mar 3, 201471
- Grp VP-Energy; Prsdnt HeatecRichard J. Dorris Feb 13, 2013 to May 29, 201372
- VP Business DevelopmentF. McKamy Hall Mar 9, 2012 to Mar 9, 201273
- Corporate ControllerRobin A. Leffew Aug 4, 2011 to Mar 17, 202074
- Presidend-Astec UndergroundJoe K. Cline Feb 4, 2008 to Feb 28, 200875
- Managing Director-OsbornTommie Kruger Feb 29, 2008 to Mar 1, 201776
- Pres-Telsmith & Grp VP AggRichard A. Patek Apr 10, 2008 to Aug 31, 201877
- Pres-KPI, Group VP-ConAggJoseph P. Vig Apr 11, 2008 to Dec 2, 201378
- COB-PetersonA. Neil Peterson Aug 9, 2007 to Apr 11, 200879
- Presidelnt-JCIJeffrey J. Elliott Sep 19, 2007 to Mar 1, 201880
- Group VP AdministrationAlbert E. Guth Jan 17, 2006 to Oct 13, 200681
- Executive VPJames Neal Ferry Jan 17, 2006 to Mar 9, 200782
- Group VP-Aggregate & MiningRobert G. Stafford Jan 17, 2006 to Sep 7, 200783
- VP-Mobile Asphalt PavingThomas R. Campbell Jan 17, 2006 to Oct 11, 201384
- Group VP-AsphaltW. Norman Smith Jan 17, 2006 to Jan 10, 201985
- Corporate ControllerDavid C. Silvious Mar 17, 2006 to Mar 1, 201186
- Board memberJeffrey T. Jackson Jan 26, 2024 to now87
- Board memberPatrick S. Shannon Jan 26, 2024 to now88
- Board memberJames Murphy Winford Jr. Jul 27, 2023 to now89
- Board memberLinda I. Knoll May 3, 2022 to now90
- Board memberMark Joseph Gliebe Nov 28, 2022 to now91
- Board memberNalin Jain Dec 12, 2022 to now92
- Board memberMary L. Howell Mar 7, 2019 to now93
- Board memberBarry Ruffalo Aug 12, 2019 to Dec 6, 202215
- Board memberWilliam Bradley Southern Oct 31, 2018 to Dec 4, 202394
- Board memberTracey H. Cook Nov 26, 2018 to now95
- Board memberCharles F. Potts Apr 25, 2014 to Apr 28, 202396
- Board memberBenjamin G. Brock Jun 9, 2014 to May 7, 201816
- Board memberWilliam Glenwood Dorey May 3, 2011 to Apr 28, 202397
- Board memberThomas W. Hill Jul 24, 2008 to Jul 27, 200998
- Board memberThomas R. Campbell Jan 24, 2007 to Jan 24, 200799
- Board memberJames Neal Ferry Jul 18, 2007 to Jul 18, 2007100
- Board memberAlbert E. Guth Jan 17, 2006 to Mar 26, 200781
- Board memberJ. Don Brock Jan 17, 2006 to Dec 2, 201317
- Board memberW. Norman Smith Jan 17, 2006 to Jan 10, 201985
- Board memberR. Douglas Moffat Mar 20, 2006 to Apr 28, 2006101
- Board memberRonald F. Green Mar 20, 2006 to May 2, 2011102
- Board memberWilliam B. Sansom Mar 20, 2006 to May 3, 2022103
- Board memberGlen E. Tellock May 2, 2006 to Jun 1, 2023104
- Board memberDaniel K. Frierson Jun 2, 2006 to Dec 1, 2020105
- Board memberPhillip E. Casey Jun 2, 2006 to Apr 25, 2014106
- Board memberWilliam D. Gehl Jun 2, 2006 to now107
- Board memberRobert G. Stafford Jul 13, 2006 to Feb 27, 2009108
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Allinov Inc. Quebec, Canada4
- Astec Asia Pacific Ltd. Thailand4
- Astec Australia Pty Ltd Australia4
- Astec Digital Belgium BV Belgium4
- Astec Digital Canada Inc. Quebec, Canada4
- Astec Digital France France4
- Astec Digital Holdings, LLC Delaware4
- Astec Digital IP Holding, Inc. British Columbia, Canada4
- Astec Digital Minds Group Inc. British Columbia, Canada4
- Astec Digital U.S. Inc. Tennessee4
- Astec Digital UK England and Wales4
- Astec Equipment India LLP India4
- Astec Industries Africa Middle East (Pty) Ltd. South Africa4
- Astec Industries Europe, Ltd. Northern Ireland4
- Astec Industries Holdings, LLC Delaware4
- Astec Industries LatAm SpA Chile4
- Astec Industries SA Holdings (Pty) Ltd. South Africa4
- Astec Industries South Africa (Pty) Ltd. South Africa4
- Astec Industries, Inc. Tennessee4
- Astec Insurance Company Vermont4
- Astec Mobile Screens, Inc. Nevada4
- Astec do Brasil Fabricacao de Equipamentos Ltda. Brazil4
- Astec, Inc. Tennessee4
- Audobon Manufacturing Corporation Iowa4
All 58 listed subsidiaries
- B.M.H. Systems Corporation Delaware4
- B.M.H. Systems Inc. Quebec, Canada4
- Breaker Technology Ltd. Ontario, Canada4
- Breaker Technology, Inc. Tennessee4
- CEI Enterprises, Inc. Tennessee4
- CMI/CSI LLC Illinois4
- CWMF, LLC Minnesota4
- Carlson Paving Products, Inc. Washington4
- Concrete Equipment Company, Inc. Nebraska4
- Elgin Power and Separation Solutions LLC Delaware4
- Elgin Separation Solutions Canada Inc. Canada4
- Elgin Separation Solutions Industrials, LLC Delaware4
- Elgin Separation Solutions, LLC Delaware4
- GEFCO, Inc. Tennessee4
- Heatec, Inc. Tennessee4
- Jeffrey Rader AB Sweden4
- Jeffrey Rader Canada Company Canada4
- Johnson Crushers International, Inc. Tennessee4
- Kem-Tron Technologies Private Limited India4
- Kolberg-Pioneer, Inc. Tennessee4
- Mill Row Limited Northern Ireland4
- Mineral and Industrial Products, LLC Delaware4
- Norris Screen and Manufacturing, LLC West Virginia4
- PIW TSG, LLC Delaware4
- Peterson Pacific Corp. Oregon4
- Power Flame Incorporated Tennessee4
- RexCon, Inc. Tennessee4
- Roadtec, Inc. Tennessee4
- Tabor Machine Company, LLC West Virginia4
- Tango Drilling Services, Inc. Texas4
- Telsmith, Inc. Delaware4
- TerraSource Global Corporation Delaware4
- TerraSource Global Machinery Equipment Co. Ltd. China4
- TerraSource Holdings, LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 5, 20268-K Results of operations109
- Jul 30, 20268-K Executive or director change110
- May 6, 20268-K Results of operations111
- Apr 27, 20268-K Shareholder vote112
- Apr 20, 20268-K Executive or director change113
- Feb 25, 20268-K Results of operations114
- Nov 5, 20258-K Results of operations115
- Sep 10, 20258-K Financial statements and exhibits116
- Aug 6, 20258-K Results of operations117
- Jul 1, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation118
- May 2, 20258-K Entered a material agreement; Other events119
- Apr 29, 20258-K Results of operations; Regulation FD disclosure120
- Mar 1, 2023New chief executive Jaco Van Der Merwe becomes CEO14
- Aug 12, 2019New chief executive Barry Ruffalo becomes CEO15
- Jun 9, 2014New chief executive Benjamin G. Brock becomes CEO16
- Jan 17, 2006New chief executive J. Don Brock becomes CEO17
- Aug 9, 1972Founded ASTEC INDUSTRIES INC is founded2
Calendar
Coming up
- Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.47 a share, on Nov 5, 2025.121
When it reported results
- Aug 5, 2026Reported quarterly or annual results109
- May 6, 2026Reported quarterly or annual results111
- Feb 25, 2026Reported quarterly or annual results114
- Nov 5, 2025Reported quarterly or annual results115
- Aug 6, 2025Reported quarterly or annual results117
- Apr 29, 2025Reported quarterly or annual results120
- Feb 26, 2025Reported quarterly or annual results122
- Nov 6, 2024Reported quarterly or annual results123
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
595 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 48 major events, 472 insider forms, 26 large holders, 29 other. The latest 20:
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Sep 2, 20264 PRIMARY DOCUMENT EDGAR
- Aug 12, 2026SCHEDULE 13D/A EDGAR
- Aug 5, 202610-Q FORM 10-Q - Q2 2026 EDGAR
- Aug 5, 20268-K FORM 8-K - EARNINGS RELEASE Q2 2026 EDGAR
- Aug 4, 20264 PRIMARY DOCUMENT EDGAR
- Aug 3, 20264 PRIMARY DOCUMENT EDGAR
- Jul 30, 20268-K FORM 8-K - DIRECTOR APPOINTMENT EDGAR
The 595 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
7 open-market trades by officers, directors and large owners since October 2021: 2 buys and 5 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 3, 2026 | GILBERT EDWARD TERRELL JRGC & CORPORATE SECRETARY | Sale | 975 | $61.07 | $59.5K | Form 4 |
| Sep 11, 2025 | SNYMAN BARENDGroup President | Sale | 2,498 | $47.22 | $118.0K | Form 4 |
| May 1, 2025 | GILBERT EDWARD TERRELL JRGC & CORPORATE SECRETARY | Sale | 512 | $36.40 | $18.6K | Form 4 |
| May 16, 2024 | Merwe Jaco van derChief Executive Officer | Buy | 2,000 | $33.70 | $67.4K | Form 4 |
| May 8, 2024 | NORRIS MICHAEL PAULGROUP PRESIDENT | Buy | 1,000 | $33.46 | $33.5K | Form 4 |
| Nov 17, 2021 | Litchfield Matthew T SrChief Information Officer | Sale | 12 | $70.50 | $868 | Form 4 |
| Nov 16, 2021 | Litchfield Matthew T SrChief Information Officer | Sale | 1,081 | $71.11 | $76.9K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- GAMCO InvestorsSCHEDULE 13D/A, 3 filings Jul 10, 2024 to Aug 12, 2026124
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 2026125
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 28, 2026126
- BlackRockSCHEDULE 13G/A, 9 filings Jan 25, 2022 to Apr 24, 2026127
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2022 to Mar 26, 2026128
- VICTORY CAPITAL MANAGEMENT INCSCHEDULE 13G/A, 5 filings Feb 2, 2022 to Oct 31, 2025129
- DIMENSIONAL FUND ADVISORS LPSC 13G/A, 3 filings Feb 8, 2022 to Feb 9, 2024130
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Jaco G. van der MerweChief Executive Officer | 53 | $836.5K | $4.0M131 |
| 2025 | Brian HarrisChief Financial Officer | 69 | $550.0K | $1.7M131 |
| 2025 | Barend SnymanGroup President | 53 | $460.7K | $1.3M131 |
| 2025 | Michael P. NorrisGroup President | 57 | $438.0K | $1.2M131 |
| 2025 | Terrell GilbertGeneral Counsel, Chief Compliance Officer and Corporate Secretary | 54 | $411.7K | $1.0M131 |
| 2024 | Jaco G. van der MerweChief Executive Officer | 53 | $779.8K | $3.7M131 |
| 2024 | Barend SnymanGroup President | 53 | $445.5K | $1.1M131 |
| 2024 | Michael P. NorrisGroup President | 57 | $423.8K | $1.1M131 |
| 2024 | Terrell GilbertGeneral Counsel, Chief Compliance Officer and Corporate Secretary | 54 | $300.0K | $763.7K131 |
| 2024 | Brian HarrisChief Financial Officer | 69 | $116.3K | $519.9K131 |
| 2023 | Jaco G. van der MerweChief Executive Officer | 53 | $720.5K | $3.3M131 |
| 2023 | Barend SnymanGroup President | 53 | $212.9K | $1.1M131 |
| 2023 | Michael P. NorrisGroup President | 57 | $364.9K | $1.1M131 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How ASTEC INDUSTRIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARASTEC INDUSTRIES INC1
- CIK0000792987
- Employer ID (EIN)62-08736315
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inTennessee5
- Fiscal year endsDecember 311
- Industry code (SIC)3531 Construction Machinery & Equip1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address1725 Shepherd Road, Chattanooga, TN 374211
- Phone42389958981
- Shares outstanding23,025,367 as of Jul 31, 202612
- Public float$947.9M as of Jun 30, 20255
- AuditorDeloitte & Touche LLP, Nashville, Tennessee PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceFeb 14, 19941
- Filings3,183 in all: 4 (2,365), 8-K (228), 10-Q (98), SC 13G/A (87), 3 (70), 5 (69), 10-K (32), 11-K (32)1
All 35 form types
DEF 14A (32), 4/A (29), SC 13G (29), UPLOAD (18), CORRESP (13), SD (13), SC 13D/A (9), ARS (8), S-8 (8), 8-K/A (7), 10-Q/A (4), DEFA14A (4), SCHEDULE 13G/A (4), 3/A (3), NT 10-K (3), SCHEDULE 13G (3), 10-K/A (2), 144 (2), DEFR14A (2), SCHEDULE 13D/A (2), 5/A (1), 8-A12B (1), 8-A12B/A (1), NT 11-K (1), SC 13D (1), SC 13E4 (1), SC 13E4/A (1)
- Latest filingsAnnual report (10-K) Feb 25, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Mar 13, 2026
Latest 8-K (8-K) Aug 5, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock | ASTE | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks ASTEC INDUSTRIES INC names in Item 1A of its 10-K filed Feb 25, 2026: 31 risks under these headings, as written.5
- Economic and Industry Risks
- Downturns in the general economy or decreases in government infrastructure spending or commercial and residential construction spending may adversely affect our revenues and operating results.
- A decrease or delay in government funding of highway construction and maintenance may cause our revenues and profits to decrease.
- The cyclical nature of our industry and the product mix of the equipment we sell may cause adverse fluctuations to our revenues and operating results.
- Changes in interest rates and the lack of credit and third-party financing arrangements for our customers could reduce demand for our products.
- Market Condition Risks
- Competition could reduce revenue from our products and services and cause us to lose market share, and our ability to compete in international jurisdictions is dependent upon trade policies, which are subject to change.
- Our operations in foreign countries, and continued expansion into additional international markets, could expose us to risks inherent in doing business outside of the United States.
- Our ability to understand our customers' specific preferences and requirements, and to develop, manufacture and market products that meet customer demand as we expand into additional international markets, could significantly affect our business results.
- Our international sales and associated operating results are subject to currency exchange risk.
- Manufacturing and Operations Risks
- Our profitability may be negatively affected by changes in the availability and price of certain parts, components and raw materials.
The other 22 risks
- We may be adversely affected by any natural or man-made disruptions to our distribution and manufacturing facilities, as well as disruptions and equipment-related issues.
- Strategic Performance Risks
- We may not fully sustain targeted performance improvements and other benefits realized from our OneASTEC business model.
- As an innovative leader in the industries in which we operate, we occasionally undertake the engineering, design, manufacturing, construction and installation of equipment systems and technologies that are new to the market, which could result in our realization of significantly reduced or negative margins and/or a responsibility to reimburse the customer for financial losses, including, but not limited to, the possible refund of the purchase price.
- Our future growth may be impacted by our ability to keep pace with the adoption of generative artificial intelligence and other machine learning technologies to remain competitive.
- Failure to successfully complete restructuring activities could negatively affect our operations.
- As part of our growth strategy, we may pursue acquisitions in the future and may not be successful in completing such acquisitions on favorable terms or be able to realize the anticipated benefits from such acquisitions.
- We may fail to realize all of the anticipated benefits of the acquisition of TerraSource or those benefits may take longer to realize than expected. We may also encounter significant difficulties in integrating the TerraSource business.
- Financial Risks
- Our existing and future levels of indebtedness could adversely affect our financial health, our ability to obtain financing in the future, our ability to react to changes in our business and our ability to fulfill our obligations under such indebtedness.
- We are subject to income taxes in the United States and certain foreign jurisdictions, and changes to the tax codes, effective tax rates and accounting principles related thereto could negatively impact our results of operations.
- We may not be able to adequately manage the risks associated with our products and systems, including increased warranty costs.
- Goodwill and other intangible assets comprise a material portion of our total assets. We must test our goodwill for impairment at least annually and other intangible assets if events or circumstances indicate that the carrying amount of the asset may not be recoverable, which could result in a material, non-cash write-down of goodwill or intangible assets and could have a material adverse impact on our results of operations and shareholders' equity.
- Human Capital Risks
- Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees.
- Failure to retain our key personnel or attract additional key personnel may adversely impact our ability to implement our business plan and our results of operations could be materially and adversely affected.
- Legal, Regulatory and Compliance Risks
- We are subject to an ongoing risk of product liability claims and other litigation arising in the ordinary course of business.
- We are subject to significant governmental regulation and if we fail to comply with such regulation or if we become subject to increased regulation, we may incur significant costs related to penalties, remedial measures or increased compliance requirements.
- We are subject to a variety of legal proceedings, the outcome of which may be unfavorable to us.
- Failure by our supply base to use ethical business practices and comply with applicable laws and regulations may adversely affect our business, financial condition and operational results.
- Environmental, Social and Governance risks could adversely affect our reputation and shareholder, employee, customer and third party relationships and may negatively affect our stock price.
- If we are unable to protect our proprietary technology from infringement or if our technology infringes technology owned by others, then the demand for our products may decrease or we may be forced to modify our products, which could increase our costs.
- Information Technology and Cybersecurity Risks
- Our operations may be adversely affected by any disruption in our information technology systems.
- Security breaches and other disruptions to our information technology infrastructure amid a general worldwide increase in threats and more sophisticated and targeted cybercrime could compromise our and our customers' and suppliers' information, which could expose us to liability and damage our reputation.
- We may not be able to successfully implement our new enterprise resource planning system.
Legal proceedings
We are involved in a number of legal proceedings arising in the ordinary course of our business. For a discussion of contingencies related to legal proceedings, see Note 16, Commitments and Contingencies of the Notes to the Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARJ. Don Brock, Chair
- 19SEC EDGARChad Jeffrey Hartley, President
- 20SEC EDGARBarend Snyman, President
- 21SEC EDGARJaco Van Der Merwe, President
- 22SEC EDGARTimothy A. Averkamp, President
- 23SEC EDGARJohn F. Jacob, President
- 24SEC EDGARJoel Scott Barker, President
- 25SEC EDGARJody D. Volner, President
- 26SEC EDGARJohn J. Irvine Iii., President
- 27SEC EDGARWilliam A. Wiener, President
- 28SEC EDGARAdrian A. McCutcheon, President
- 29SEC EDGARSteven L. Claude, President
- 30SEC EDGARDonald J. Sissons, President
- 31SEC EDGARMalcolm L. Swanson, President
- 32SEC EDGARThomas H. Wilkey, President
- 33SEC EDGARMatthew B. Haven, President
- 34SEC EDGARJeffrey L. May, President
- 35SEC EDGARW. Norman Smith, President
- 36SEC EDGARChris E. Colwell, President
- 37SEC EDGARD. Aaron Harmon, President
- 38SEC EDGARJoe K. Cline, President
- 39SEC EDGARDavid L. Winters, President
- 40SEC EDGARJames F. Pfeiffer, President
- 41SEC EDGARLawrence R. Cumming, President
- 42SEC EDGARAlan W. Odgers, President
- 43SEC EDGARFrank D. Cargould, President
- 44SEC EDGARJeffrey J. Elliott, President
- 45SEC EDGARJeffrey L. Richmond, President
- 46SEC EDGARJoseph P. Vig, President
- 47SEC EDGARRichard A. Patek, President
- 48SEC EDGARRichard J. Dorris, President
- 49SEC EDGARTimothy D. Gonigam, President
- 50SEC EDGARMichael A. Bremmer, President
- 51SEC EDGARBenjamin G. Brock, President
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- 61SEC EDGARReuben Srinivasan, SVP and CHRO
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- 64SEC EDGARMatthew T. Litchfield Sr., CIO
- 65
- 66SEC EDGARJoel Scott Barker, Sr VP-Innovation
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- 79SEC EDGARA. Neil Peterson, COB-Peterson
- 80SEC EDGARJeffrey J. Elliott, Presidelnt-JCI
- 81
- 82SEC EDGARJames Neal Ferry, Executive VP
- 83
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- 85SEC EDGARW. Norman Smith, Group VP-Asphalt
- 86
- 87SEC EDGARJeffrey T. Jackson, Board member
- 88SEC EDGARPatrick S. Shannon, Board member
- 89
- 90SEC EDGARLinda I. Knoll, Board member
- 91SEC EDGARMark Joseph Gliebe, Board member
- 92SEC EDGARNalin Jain, Board member
- 93SEC EDGARMary L. Howell, Board member
- 94
- 95SEC EDGARTracey H. Cook, Board member
- 96SEC EDGARCharles F. Potts, Board member
- 97SEC EDGARWilliam Glenwood Dorey, Board member
- 98SEC EDGARThomas W. Hill, Board member
- 99SEC EDGARThomas R. Campbell, Board member
- 100SEC EDGARJames Neal Ferry, Board member
- 101SEC EDGARR. Douglas Moffat, Board member
- 102SEC EDGARRonald F. Green, Board member
- 103SEC EDGARWilliam B. Sansom, Board member
- 104SEC EDGARGlen E. Tellock, Board member
- 105SEC EDGARDaniel K. Frierson, Board member
- 106SEC EDGARPhillip E. Casey, Board member
- 107SEC EDGARWilliam D. Gehl, Board member
- 108SEC EDGARRobert G. Stafford, Board member
- 109SEC EDGARResults of operations
- 110SEC EDGARExecutive or director change
- 111SEC EDGARResults of operations
- 112SEC EDGARShareholder vote
- 113SEC EDGARExecutive or director change
- 114SEC EDGARResults of operations
- 115SEC EDGARResults of operations
- 116SEC EDGARFinancial statements and exhibits
- 117SEC EDGARResults of operations
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