ASTEC INDUSTRIES INC (ASTE)
Astec Industries manufactures specialized heavy equipment for the aggregates, asphalt, and concrete industries—the backbone machinery that processes materials and produces the components needed to build and maintain roads, parking lots, and industrial infrastructure worldwide.
Equipment Across Four Core Categories
Astec’s product portfolio spans aggregates processing, asphalt production, concrete batching, and industrial heating. The company operates through hundreds of active SKUs sold under multiple brands: jaw and cone crushers, screens, and feeders for material extraction; asphalt plants ranging from relocatable stationary units to highly portable models; concrete batch plants sold through brands like CON-E-CO and RexCon; and industrial heating systems for asphalt and industrial applications. This diversification across the value chain—from crushing and screening raw materials to heating finished products—provides exposure to both new construction and maintenance work.
Global Reach, Local Support
Astec operates in 12 countries with over 4,300 employees, balancing centralized engineering with local manufacturing and service. The company pairs equipment sales with parts availability, training, and telematics platforms that help customers monitor and optimize equipment performance. Revenue flows from equipment sales, components, aftermarket parts, and service contracts, creating a blend of upfront capital equipment cycles and recurring revenue.
At a Glance
- Manufactures 100+ equipment products for aggregates, asphalt, concrete, and heating applications
- Dual revenue driver: heavy equipment cycles plus recurring parts and service revenue
- Serves construction, mining, and industrial sectors worldwide
- Operates through Infrastructure Solutions (asphalt plants, pavers, control systems) and Materials Solutions (crushers, screens, material handling) segments
- Global manufacturing footprint with local support infrastructure in 12 countries