37.63
+5.38%
Close of 9 Nov 2026, in USD
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About Astec Industries
From its filings with the US Securities and Exchange Commission
Astec Industries is based in Chattanooga, Tennessee and is incorporated in Tennessee. Its shares trade on Nasdaq under the ticker ASTE. The SEC classifies its business as construction machinery & equip. In the fiscal year to 31 December 2025, it reported revenue of $1.41bn and net income of $38.8m. At that date it held total assets of $1.37bn and shareholders' equity of $681.7m.
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.
Our products are marketed both domestically and internationally primarily to asphalt and concrete producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycling and crushing contractors; forestry and environmental recycling contractors; mine and quarry operators; port and inland terminal authorities; power stations and domestic and foreign government agencies. In addition to equipment sales, we manufacture and sell replacement parts for equipment in each of our product lines and replacement parts for some competitors' equipment. The distribution and sale of replacement parts is an integral part of our business.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 18 Jun 1986
- Employees
- 4,468
- Website
- astecindustries.com ↗
- Head office
- 1725 SHEPHERD ROAD, CHATTANOOGA, TN, 37421
- Incorporated in
- TN
- Classification
- Construction Machinery & Equip
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. William GehlIndependent Chairman of the Board$288,125
- Mr. Jaco van Der MerwePresident, Chief Executive Officer, Director, since 2019$3.7m
- Mr. Brian HarrisChief Financial Officer$519,859
- Mr. Michael NorrisGroup President - Materials Solutions$1.1m
- Mr. Barend SnymanGroup President - Infrastructure Solutions$1.1m
- Ms. Aletheia SilcottChief Human Resources Officer
- Mr. Stephen AndersonSenior Vice President, Administration and Investor Relations$732,107
- Mr. E. Terrell GilbertGeneral Counsel, Chief Compliance Officer and Corporate Secretary$763,671
- Ms. Tracey CookIndependent Director$227,500
- Mr. Mark GliebeIndependent Director$217,500
- Ms. Mary HowellIndependent Director$220,625
- Mr. Jeffrey JacksonIndependent Director$183,125
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 61
- Environment
- 66
- Social
- 46
- Governance
- 71
- Direct emissions (scope 1)
- 15,446 t
- Energy emissions (scope 2)
- 15,000 t
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Astec Industries Inc has a strong market position and a well-established brand name within the industry. The company has a diversified product portfolio offering a wide range of equipment and services. It benefits from a global presence with operations in various countries, allowing for geographic diversification and access to different markets.
Weaknesses
- Astec Industries Inc faces challenges in terms of fluctuating raw material prices, which can impact its profit margins. The company heavily relies on external suppliers for components, and any disruptions in the supply chain can result in production delays or increased costs. Additionally, the company may face difficulties in adapting to rapid technological changes and innovations in the industry.
Opportunities
- Astec Industries Inc can explore opportunities for growth by expanding into emerging markets or introducing new products to meet evolving customer needs. The infrastructure development sector offers significant growth potential, providing the company with opportunities to supply equipment for various construction and maintenance projects. Astec can also consider strategic collaborations or acquisitions to gain a competitive advantage and broaden its product offerings.
Threats
- Astec Industries Inc faces threats from intense competition within the industry, with numerous global and regional players vying for market share. Economic downturns or slow growth periods can impact the demand for construction and infrastructure equipment, thus affecting the company's sales and revenue. Additionally, government regulations and policies related to environmental protection can pose challenges and require Astec to invest in research and development to meet stricter standards.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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