Astec Industries Inc - Company Profile
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Astec Industries Inc (Astec) designs, engineers, manufactures, markets, and services equipment and components primarily used in asphalt and concrete road building and related construction activities. The company's major products include asphalt plants, concrete batch plants, industrial automation controls, telematics platforms, and heavy rock processing equipment for various industries such as mining, quarrying, and recycling. The company offers its products and services under Astec, Carlson Paving, Elgin, Gundlach Crushers, Heatec, Jeffrey Rader Peterson Pacific, Power Flame, Roadtec and Telsmith brand names. Astec's products are utilized by asphalt and concrete producers, highway and heavy equipment contractors, utility contractors, quarry operators, and government agencies for applications in road construction, demolition, land clearing, and environmental recycling. The company markets its products through direct and dealer support sales staff, independent distributors, and international distribution sites. The company operates sales and service offices across the US, Canada, Brazil, South Africa, and the UK, with additional marketing and service locations in Australia, Chile, and Thailand. Astec is headquartered in Chattanooga, Tennessee, the US.
Headquarters
United States of America
Address
1725 Shepherd Rd, Chattanooga, Tennessee, 37421-2947
Website
www.astecindustries.com
Telephone
1 423 8995898
No of Employees
4,468
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
ASTE (NASD)
Revenue (2024)
$1.4B
8.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
802.3%
(2024 vs 2023)
Market Cap*
$1.3B
Net Profit Margin (2024)
XYZ
733.3%
(2024 vs 2023)
* As of and is in US$
Astec Industries Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Asphalt Plants and Related Components | Services | Astec |
| Heaters | Installation | Carlson Paving |
| Concrete Dust Control Systems | Soil Remediation | Elgin |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In January, the company acquired CWMF, LLC, a manufacturer of portable and stationary asphalt plant equipment. |
| 2025 | Contracts/Agreements | In December, the company signed an agreement to acquire CWMF Corporation, a manufacturer of portable and stationary asphalt plant equipment. |
| 2025 | Acquisitions/Mergers/Takeovers | In July, the company acquired TerraSource Holdings LLC from Right Lane Industries and Hillenbrand Inc for US$245 million. |
Competitor Comparison
| Key Parameters | Astec Industries Inc | Atlas Copco AB | Volvo Construction Equipment | Epiroc AB | Terex Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | Sweden | Sweden | Sweden | United States of America |
| City | Chattanooga | Nacka | Eskilstuna | Nacka | Norwalk |
| State/Province | Tennessee | Stockholm | - | Stockholm | Connecticut |
| No. of Employees | 4,468 | 56,520 | 13,000 | 19,086 | 10,700 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jaco van der Merwe | President; Director; Chief Executive Officer | Executive Board | 2023 | 53 |
| Brian J. Harris | Chief Financial Officer | Senior Management | 2024 | 69 |
| E. Terrell Gilbert, Jr. | Secretary; General Counsel; Chief Compliance Officer | Senior Management | 2024 | 54 |
| Aletheia D. Silcott | Chief Human Resources Officer | Senior Management | 2023 | 43 |
| Michael P. Norris | President - Material Solutions Group | Senior Management | 2023 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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