INDEX Title of each Class Trading Symbol Name of each exchange on which registered Common Stock ASTE The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission ...

INDEX UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001-11595 Astec Industries, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0873631 (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001-11595 Astec Industries, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0873631 (State or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _______________________ Commission file number 001-11595 ASTEC INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Tenness ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001-11595 Astec Industries, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0873631 (State ...

[PART I – FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Presents unaudited condensed consolidated financial statements, showing a shift from net loss to net income in 2019 [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets slightly decreased to **$848.6 million**, while liabilities fell, increasing equity to **$620.6 million** Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2019 | December 31, 2018 | | :--- | :--- | :--- | | **Total Current Assets** | $557,535 | $560,991 | | **Total Assets** | **$848,555** | **$855,457** | | **Total Current Liabilities** | $173,936 | $189,231 | | **Long-term Debt** | $28,891 | $59,709 | | **Total Liabilities** | **$227,947** | **$270,167** | | **Total Equity** | **$620,608** | **$585,290** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Net income reached **$37.6 million** for H1 2019, a turnaround from a **$20.6 million** net loss in H1 2018 Key Performance Indicators (in thousands, except per share data) | Metric | Six Months Ended June 30, 2019 | Six Months Ended June 30, 2018 | | :--- | :--- | :--- | | Net Sales | $630,582 | $597,981 | | Gross Profit | $159,976 | $79,113 | | Income (Loss) from Operations | $48,660 | $(24,228) | | Net Income (Loss) | $37,579 | $(20,552) | | Diluted EPS | $1.66 | $(0.89) | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations significantly improved to **$42.9 million** for H1 2019, driven by higher net income Cash Flow Summary (in thousands) | Activity | Six Months Ended June 30, 2019 | Six Months Ended June 30, 2018 | | :--- | :--- | :--- | | Net cash provided by operating activities | $42,871 | $18,421 | | Net cash used by investing activities | $(8,088) | $(8,381) | | Net cash used by financing activities | $(35,908) | $(5,903) | | **Net change in cash and cash equivalents** | **$(916)** | **$2,926** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Details accounting policies, segment performance, debt, and contingent matters, including a shareholder lawsuit - Adopted new lease accounting standard ASU 2016-02 on January 1, 2019, recognizing **$4.99 million** in right-of-use (ROU) assets, with no material financial impact[22](index=22&type=chunk)[54](index=54&type=chunk) - A shareholder class action lawsuit was filed against the Company and certain officers, with the Company disputing allegations and unable to estimate a possible loss[91](index=91&type=chunk) - The sale of the Georgia pellet plant was recognized in Q2 2019 for a discounted price of **$20.0 million**, after its value was written down to zero in 2018[90](index=90&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the financial turnaround from net loss to net income, driven by non-recurring pellet plant contracts [Results of Operations](index=31&type=section&id=Results%20of%20Operations) Net sales increased, leading to a **$23.4 million** net income in Q2 2019, a turnaround from a **$40.7 million** net loss in Q2 2018 Q2 Financial Comparison (in thousands, except per share data) | Metric | Q2 2019 | Q2 2018 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net Sales | $304,802 | $272,528 | $32,274 | 11.8% | | Gross Profit | $83,450 | $1,108 | $82,342 | N/A | | Net Income (Loss) | $23,377 | $(40,674) | $64,051 | N/A | | Diluted EPS | $1.03 | $(1.76) | $2.79 | N/A | - Q2 2019 results include a **$20.0 million** sale from the Georgia Pellet Plant, significantly contributing to gross margin after its inventory value was written off in 2018[130](index=130&type=chunk)[142](index=142&type=chunk) - Q2 2018 results included a **$75.3 million** charge against sales and a **$71.0 million** reduction in gross margin related to the Arkansas Pellet Plant agreement[131](index=131&type=chunk)[142](index=142&type=chunk) - The company's order backlog decreased **18.8%** to **$246.1 million** as of June 30, 2019, from **$302.9 million** a year prior, with declines across all segments[154](index=154&type=chunk) [Segment Analysis](index=35&type=section&id=Segment%20Analysis) Infrastructure Group sales rose **60.1%** due to pellet plant events, while other segments faced declines and profit pressure Q2 2019 Segment Sales vs. Q2 2018 (in thousands) | Segment | Q2 2019 Sales | Q2 2018 Sales | % Change | | :--- | :--- | :--- | :--- | | Infrastructure Group | $133,235 | $83,202 | 60.1% | | Aggregate and Mining Group | $106,837 | $116,297 | (8.1)% | | Energy Group | $64,730 | $73,029 | (11.4)% | - Excluding pellet plant impacts, the Infrastructure Group's domestic sales declined by **$40.4 million** in Q2 2019 due to reduced asphalt plant and mobile equipment sales[157](index=157&type=chunk) - Aggregate and Mining Group sales were hurt by decreased rental activity from distributors and weather-related construction delays[158](index=158&type=chunk) - Energy Group sales declined due to a slowdown in asphalt and oil & gas industries, impacting industrial boiler sales, and lower wood chipper sales[159](index=159&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) Primary liquidity sources include **$24.9 million** cash and a **$150 million** credit facility, with net cash from operations improving to **$42.9 million** - As of June 30, 2019, the company had **$24.9 million** in cash, with **$21.4 million** held by foreign subsidiaries[176](index=176&type=chunk) - Borrowings under the main revolving credit facility were reduced to **$28.1 million** at June 30, 2019, from **$58.8 million** at year-end 2018[176](index=176&type=chunk) - Forecasted capital expenditures for the full year 2019 are approximately **$25.0 million**[182](index=182&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=41&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) No material changes to market risk disclosures from the 2018 Annual Report on Form 10-K - No material changes to market risk disclosures from the 2018 Form 10-K[190](index=190&type=chunk) [Controls and Procedures](index=41&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were not effective due to material weaknesses in internal control - The Principal Executive Officer and Principal Financial Officer concluded that disclosure controls and procedures were not effective as of the end of the reporting period[192](index=192&type=chunk) - The ineffectiveness is due to material weaknesses in internal control over financial reporting previously disclosed in the 2018 Form 10-K[192](index=192&type=chunk) - A remediation plan is being implemented to address the material weaknesses, but they will not be considered remediated until controls operate effectively for a sufficient period[195](index=195&type=chunk) [PART II – OTHER INFORMATION](index=42&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Legal Proceedings](index=42&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal actions, including a shareholder class action lawsuit, with no expected material adverse effect - The company is subject to legal actions from the ordinary course of business[196](index=196&type=chunk) - Referenced Note 14 for details on a shareholder class action lawsuit[196](index=196&type=chunk) [Risk Factors](index=42&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the company's risk factors from the 2018 Annual Report on Form 10-K - No material changes to risk factors from the 2018 Form 10-K[197](index=197&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=42&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company has a **$150 million** share repurchase program, but no shares were repurchased during the first six months of 2019 - A share repurchase program for up to **$150 million** was approved on July 29, 2018[198](index=198&type=chunk) - No shares were repurchased during the six months ended June 30, 2019[198](index=198&type=chunk) [Exhibits](index=43&type=section&id=Item%206.%20Exhibits) Lists exhibits filed with Form 10-Q, including amended bylaws, CEO/CFO certifications, and XBRL data files - Filed exhibits include CEO and CFO certifications (Sections 302 and 906 of Sarbanes-Oxley Act) and XBRL documents[200](index=200&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-11595 Astec Industries, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0873631 (State or other jurisdi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ýANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _______________________ Commission file number 001-11595 ASTEC INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Tennessee 62-087363 ...