Astec Industries Inc - Company Profile
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Astec Industries Inc (Astec) designs and manufactures equipment for road building and related construction activities. Its portfolio of products includes combustion control systems, directional drilling, gas and oil drilling rigs, water well and geothermal drilling rigs. The company also provides industrial heat transfer equipment, whole-tree pulpwood chippers, horizontal grinders, blower trucks, and commercial and industrial burners. It also manufactures multiple-use plants for cement-treated base, roller-compacted concrete, and ready-mix concrete. The company's products are used in industries such as construction, mining, quarrying, and demolition in each phase of road building, from quarrying and crushing the aggregate to the application of the road surface. The company serves its customers in North America, South America, Asia Pacific, Europe, the Middle East, and Africa. 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
4,291
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
ASTE (NASD)
Revenue (2022)
$1.3B
5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
33600%
(2022 vs 2021)
Market Cap*
$976.6M
Net Profit Margin (2023)
XYZ
25,100.0%
(2022 vs 2021)
* As of and is in US$
Astec Industries Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Asphalt Plants and Related Components | Installation |
| Heaters | Soil Remediation |
| Concrete Dust Control Systems | Materials Testing |
| 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 |
|---|---|---|
| 2022 | Contracts/Agreements | In March, the company entered into an agreement to acquire MINDS Automation Group. |
| 2021 | Corporate Changes/Expansions | In May, the company rebranded its subsidiary companies under the ASTEC name to simplify its business. |
| 2020 | Acquisitions/Mergers/Takeovers | In August, the company acquired BMH Systems, Inc., a manufacturer of concrete batching plants and rollmaster reversing drum mixers. |
Competitor Comparison
| Key Parameters | Astec Industries Inc | Atlas Copco AB | Epiroc AB | Terex Corp | Gencor Industries Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | Sweden | Sweden | United States of America | United States of America |
| City | Chattanooga | Nacka | Nacka | Norwalk | Orlando |
| State/Province | Tennessee | Stockholm | - | Connecticut | Florida |
| No. of Employees | 4,291 | 52,778 | 18,211 | 10,200 | 314 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| William D. Gehl | Chairman | Executive Board | 2019 | 76 |
| Jaco Van Der Merwe | Director; Chief Executive Officer; President | Executive Board | 2023 | 50 |
| Becky Weyenberg | Chief Financial Officer | Senior Management | 2019 | 59 |
| Jamie E. Palm | Chief Accounting Officer; Controller; Vice President | Senior Management | 2020 | 45 |
| Matt Litchfield | Chief Information Officer | Senior Management | 2019 | 47 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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