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Corporate Overview

ASTEC manufactures more than 100 products for a global customer base operating in the sectors of infrastructure, aggregates and mining. ASTEC is committed to bringing innovative products and solutions to market through nurturing the inventive spirit of our employees and listening to the needs and wants of customers. Ultimately, our goal is to supply our customers with state-of-the-art equipment, which enables them to operate profitably.

Today's Key Messages

Strong Backlog – Year-over-year increase of $221.0 million, or 49.2% driven by increases in both the Infrastructure Solutions and Materials Solutions segments

Trusted source — High-quality solutions and strong global brand recognition

Path to 2030 Growth Drivers —

  • New Products: Excitement and momentum in our innovation pipeline
  • Recurring Parts and Service Revenue: Growing aftermarket parts business consistently represents 33% to 35% of total revenue.
  • History of Stable Funding: Encouraged by increased federal and state highway funding
  • Digital: Unified connectivity suites provide valuable customer solutions
  • Industry Megatrends: Data centers, reindustrialization, rare earth minerals, etc.
  • Strong Balance Sheet
    • Inorganic Growth: Demonstrated process, discipline and focus on strategic acquisitions
    • International: Expansion opportunities in current and future markets

 

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