Astec Industries, Inc. (ASTE)

Astec Industries, Inc. is a prominent American company specializing in the design and manufacturing of equipment and infrastructure solutions for the construction, energy, and recycling industries. Founded in 1972 by Dr. J. Don Brock, Astec began with a focus on asphalt mixing and paving equipment, but has since expanded its portfolio to include a wide range of industrial products and services. Headquartered in Chattanooga, Tennessee, Astec is known for its innovative approach to equipment design, emphasizing efficiency, sustainability, and reliability. Astec Industries operates through a network of subsidiaries, providing products and services across several segments, including infrastructure, aggregate processing, and energy sectors. The company’s commitment to quality and customer service has solidified its reputation as a leader in the industry. With a global presence, Astec serves customers in over 100 countries, catering to the varied needs of contractors, producers, and public agencies. As of recent years, the company continues to focus on innovation and sustainability, contributing significantly to its revenue and expansion efforts in both domestic and international markets.