Astec Industries Inc 2024年度报告

ASPHALT • CONCRETE • INDUSTRIAL HEATING SYSTEMS • MATERIAL HANDLING • ROAD CONSTRUCTIONFORESTRY AND ENVIRONMENTAL RECYCLING • MOBILE CRUSHING AND SCREENING • ROCK BREAKER TECHNOLOGYCRUSHING •SCREENS AND FEEDERS • WASHING AND CLASSIFYING • ASTEC DIGITAL • TRAINING • PARTS About the Company Astec is a leading manufacturer of equipmentfor asphalt road building, aggregateprocessing, concrete production andenvironmental recycling. Products includerock crushing and screening plants, hot mixasphalt facilities, concrete plants, millingmachines, asphalt pavers, material transfervehicles and horizontal grinding equipment. At A Glance OUR VISION *As of February 21, 2025 We are committed to pushing boundaries and redefining what’spossible for our team members, customers, and communities. In 2023,we launched a new vision statement that reflects this renewed focuson innovation with impact. Employees~4,148 HeadquartersChattanooga, TN, USA To build industry changing solutions thatprovide life-changing opportunities. Stock SymbolNASDAQ: ASTE Market-cap~$706 Million At Astec, we strive to be a company where vision becomes reality,and every solution is a pathway to change lives. Core Values Rock to Road™Value Chain SAFETY INTEGRITY Astec offers a full line of high-quality products to facilitateconstruction from Rock to Road. This allows customers to choosethe equipment and parts they need from one trusted source.OneAstec makes the purchasing process easier while providinggreater value to the customer. DEVOTION RESPECT INNOVATION Asphalt and ConcretePlants, Industrial Heating,Construction Machinery Crushing and Screeningfor Raw Materials Performance at a Glance Data (in millions, except amounts per share) A Message from the CEO JACO VAN DER MERWEPRESIDENT AND CEO Dear Fellow Shareholders Throughout the past year at Astec, we were guided by ourstrategy and purpose, Built to Connect. Our InfrastructureSolutions and Materials Solutions groups were committedto further enhancing our consistency, continuing a cultureof execution, and driving growth. We went into 2024 with a renewed vision statement – Tobuild industry changing solutions that create life-changingopportunities. This vision propelled us forward, inspiringus to push the boundaries of innovation, and drive positivechange for our employees, customers, and communities. ENGAGED EMPLOYEES We also participated in a variety of trade shows acrossindustries, including World of Concrete, World ofAsphalt, and Hillhead, all of which expanded our reachand cemented our reputation as an industry leader. We continued creating a workplace where everyonefeels valued, supported, and inspired to do their bestwork. Our Voice of OneASTEC survey validated anincrease in overall employee engagement comparedto the prior survey results. This benchmark reflects howenergized, enabled, and engaged our employees feel,and showcases our collective efforts toward creating adynamic work environment. INNOVATIVE SOLUTIONS This year, we launched new products and Astec Digitalinitiatives to stay at the forefront of the industry. Ournew innovative products included ReMix Cold In PlaceRecycling (CCPR) System, IntelliPac™ Moisture System,Intelliflex Burner Controls, and Multi-Frequency Screen,which reinforced our commitment to customer-focusedinnovation and expansion. Astec engaged as civic leaders in our local communitiesby participating in a variety of events including theAssociation of Equipment Manufacturers’ Express Tour.We also hosted the Women of Asphalt seminar atour headquarters, where we celebrated our talentedemployees and their inspiring contributions toour industry. By integrating advanced digital solutions, we enhancedour capabilities and offered cutting-edge services to ourcustomers. Additionally, we became an EnvironmentalProtection Agency (EPA) ENERGY STAR partner,furthering our commitment to environmental stewardshipby formalizing the delivery of energy performanceimprovements and financial value to our customers. CUSTOMER FOCUSED Our customer-focused mindset guided ouraccomplishments this year. We focused on furtherstrengthening our customer relationships. We enhancedour Astec University training platform, designed toeducate and empower our customers to use, service,and sell our products effectively. THE ROAD AHEAD In 2025, we will continue working together to executeour strategy to enhance consistency, boost profitability ,and drive growth. This strategy focuses our efforts on key areas to achieve our goals and deliver superior productsand services. Consistency in operations, communications, andcustomer interactions build trust and strengthen ourmarket position. We will grow by continuing to increaseour scale, reach, and further building a strong partsand service business. Additionally, we will continue toleverage our new product development pipeline andfoster a robust culture. Thank you to our hard-working OneASTEC team andpartners who help make Ast