Company Description
Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide.
The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.
This segment provides its products to asphalt producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle 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.
The Materials Solutions segment designs and manufactures crushing equipment, mobile plants, bulk material handling solutions, vibrating equipment, screening equipment, electrical control centers, modular plants and systems, conveying equipment, plant automation products, portable plants, and mineral processing equipment, as well as offers consulting and engineering services.
The company was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.
| Country | United States |
| Founded | 1972 |
| Industry | Farm & Heavy Construction Machinery |
| Sector | Industrials |
| Employees | 4,322 |
| CEO | Jaco van der Merwe |
Contact Details
Address: 1725 Shepherd Road Chattanooga, Tennessee 37421 United States | |
| Phone | 423 899 5898 |
| Website | astecindustries.com |
Stock Details
| Ticker Symbol | ASTE |
| Exchange | NASDAQ |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0000792987 |
| CUSIP Number | 046224101 |
| ISIN Number | US0462241011 |
| Employer ID | 62-0873631 |
| SIC Code | 3531 |
Key Executives
| Name | Position |
|---|---|
| Jaco G. van der Merwe | Chief Executive Officer, President and Director |
| Timothy A. Averkamp | Group President of Materials Solutions Group |
| Michael Norris | Group President of Materials Solutions and Senior Vice President of International and Aftermarket Sales |
| Barend Snyman | Group President of Infrastructure |
| Brian J. Harris | Chief Financial Officer |
| Jamie E. Palm | Vice President, Chief Accounting Officer and Corporate Controller |
| Siddharth Verma | Chief Technology Officer and President of Digital and Innovation |
| Stephen C. Anderson | Senior Vice President of Administration, Investor Relations and Corporate Secretary |
| Aletheia D. Silcott | Global Vice President of Human Resources |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 8, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 7, 2024 | 10-Q | Quarterly Report |
| Nov 6, 2024 | SCHEDULE 13G | Filing |
| Nov 6, 2024 | 8-K | Current Report |
| Oct 18, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Oct 7, 2024 | 8-K | Current Report |
| Aug 8, 2024 | 10-Q | Quarterly Report |
| Aug 7, 2024 | 8-K | Current Report |
| Jul 10, 2024 | SC 13D/A | [Amend] General statement of acquisition of beneficial ownership |
| Jun 25, 2024 | 11-K | Annual report of employee stock purchase, savings and similar plans |