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ASTEC INDUSTRIES INC

For the period ended Sep 30, 2025. Filed Nov 5, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 5, 2025

ASTE$35.71+1.0%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2025

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission File Number:001-11595

Astec Industries, Inc.

(Exact name of registrant as specified in its charter)

Tennessee62-0873631
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1725 Shepherd Road
Chattanooga, TN37421
(Address of principal executive offices)(Zip Code)

(423)899-5898

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockASTEThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer☒Accelerated Filer☐
Non-accelerated Filer☐Smaller Reporting Company☐
Emerging Growth Company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒

As of October 31, 2025, there were 22,875,841 shares of Common Stock outstanding.

Index to Quarterly Report on Form 10-Q

For the Quarter Ended September 30, 2025

Page
PART I
Item 1.Financial Statements (Unaudited)1
Consolidated Balance Sheets1
Consolidated Statements of Operations2
Consolidated Statements of Comprehensive (Loss) Income3
Consolidated Statements of Cash Flows4
Consolidated Statements of Equity6
Notes to Unaudited Consolidated Financial Statements8
Note 1. Basis of Presentation and Significant Accounting Policies8
Note 2. Acquisition9
Note 3. Inventories11
Note 4. Fair Value Measurements11
Note 5. Goodwill12
Note 6. Product Warranty Reserves13
Note 7. Accrued Loss Reserves14
Note 8. Debt14
Note 9. Income Taxes15
Note 10. Commitments and Contingencies16
Note 11. Revenue Recognition17
Note 12. Operations by Industry Segment and Geographic Area18
Note 13. Strategic Transformation, Restructuring and Other Asset Gains, net22
Note 14. (Loss) Earnings Per Common Share24
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations25
Item 3.Quantitative and Qualitative Disclosures About Market Risk33
Item 4.Controls and Procedures33
PART II
Item 1.Legal Proceedings35
Item 1A.Risk Factors35
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds35
Item 3.Defaults Upon Senior Securities35
Item 4.Mine Safety Disclosures35
Item 5.Other Information35
Item 6.Exhibits36
SIGNATURES37
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