ASTEC INDUSTRIES INC
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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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$37.63+5.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In millions, except share and per share data, unaudited)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $69.3 | $90.8 |
| Investments | 2.5 | 3.0 |
| Trade receivables, contract assets and other receivables, net of allowance for credit losses of $2.9 and $2.3, respectively | 193.1 | 167.2 |
| Inventories | 500.8 | 422.7 |
| Prepaid and refundable income taxes | 20.5 | 9.3 |
| Prepaid expenses and other assets | 35.0 | 29.8 |
| Total current assets | 821.2 | 722.8 |
| Property and equipment, net of accumulated depreciation of $289.1 and $264.4, respectively | 198.9 | 181.9 |
| Investments | 21.3 | 18.9 |
| Goodwill | 110.4 | 25.0 |
| Intangible assets, net of accumulated amortization of $62.8 and $55.3, respectively | 130.6 | 11.2 |
| Deferred income tax assets | 23.0 | 45.8 |
| Other long-term assets | 43.6 | 38.0 |
| Total assets | $1,349.0 | $1,043.6 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $16.2 | $— |
| Short-term debt | 12.2 | $13.3 |
| Accounts payable | 94.4 | 79.2 |
| Customer deposits | 76.1 | 77.3 |
| Accrued product warranty | 19.0 | 16.1 |
| Accrued employee related liabilities | 50.9 | 38.2 |
| Accrued loss reserves | 1.8 | 1.7 |
| Other current liabilities | 47.7 | 45.9 |
| Total current liabilities | 318.3 | 271.7 |
| Long-term debt | 323.6 | 105.0 |
| Deferred income tax liabilities | 5.1 | 2.4 |
| Other long-term liabilities | 33.0 | 26.9 |
| Total liabilities | 680.0 | 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 $0.20 par value; issued and outstanding – 22,875,841 as of September 30, 2025 and 22,803,976 as of December 31, 2024 | 4.6 | 4.6 |
| Additional paid-in capital | 147.3 | 142.9 |
| Accumulated other comprehensive loss | (42.2) | (51.1) |
| Company stock held by deferred compensation programs, at cost | (0.2) | (0.3) |
| Retained earnings | 559.4 | 541.7 |
| Shareholders' equity | 668.9 | 637.8 |
| Noncontrolling interest | 0.1 | (0.2) |
| Total equity | 669.0 | 637.6 |
| Total liabilities and equity | $1,349.0 | $1,043.6 |
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