Tennessee
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001-11595
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62-0873631
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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(c) Exhibits. The following exhibits are furnished herewith:
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Exhibit No.
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Exhibit Description
|
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99.1
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Revised Segment Information
|
Date: May 19, 2014
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ASTEC INDUSTRIES, INC.
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By: /s/ David C. Silvious
David C. Silvious
Chief Financial Officer and Treasurer
(Principal Financial Officer)
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Exhibit 99.1
Astec Industries, Inc.
|
Segment Information-Annual
|
(in thousands)
|
(unaudited)
|
Infrastructure
Group |
Aggregate
and Mining Group |
Energy
Group |
Corporate
|
Total
|
||||||||||||||||
2013 Revenues-$
|
398,399 | 350,514 | 184,085 | - | 932,998 | |||||||||||||||
2012 Revenues-$
|
390,752 | 355,428 | 190,093 | - | 936,273 | |||||||||||||||
2011 Revenues-$
|
422,272 | 333,278 | 153,091 | - | 908,641 | |||||||||||||||
2013 Gross Profit-$
|
85,428 | 87,849 | 33,925 | (83 | ) | 207,119 | ||||||||||||||
2013 Gross Profit %
|
21.4 | % | 25.1 | % | 18.4 | % | - | 22.2 | % | |||||||||||
2012 Gross Profit-$
|
79,372 | 90,554 | 37,215 | 810 | 207,951 | |||||||||||||||
2012 Gross Profit %
|
20.3 | % | 25.5 | % | 19.6 | % | - | 22.2 | % | |||||||||||
2011 Gross Profit-$
|
97,382 | 83,389 | 30,733 | 29 | 211,533 | |||||||||||||||
2011 Gross Profit %
|
23.1 | % | 25.0 | % | 20.1 | % | - | 23.3 | % | |||||||||||
2013 Profit (Loss)-$
|
32,814 | 33,031 | 4,005 | (30,367 | ) | 39,483 | ||||||||||||||
2012 Profit (Loss)-$
|
26,917 | 34,687 | 6,149 | (33,024 | ) | 34,729 | ||||||||||||||
2011 Profit (Loss)-$
|
46,569 | 31,493 | 4,316 | (39,992 | ) | 42,386 |
Segment revenues are reported net of intersegment revenues. Segment gross profit is net of profit on intersegment revenues. A reconciliation of total segment profits to the Company's net income attributable to controlling interest is as follows (in thousands):
|
|||||
|
Year Ended December 31
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||||||||||||
2013
|
2012
|
2011
|
||||||||||
Total profit for all segments
|
$ | 39,483 | $ | 34,729 | $ | 42,386 | ||||||
Elimination of intersegment profit
|
(269 | ) | (519 | ) | (1,946 | ) | ||||||
Net income attributable to non-controlling interest
|
(172 | ) | (161 | ) | (102 | ) | ||||||
Discontinued operations
|
- | 6,779 | 225 | |||||||||
Net income attributable to controlling interest
|
$ | 39,042 | $ | 40,828 | $ | 40,563 | ||||||
Astec Industries, Inc.
|
Backlog by Segment
|
(in thousands)
|
(Unaudited)
|
Infrastructure
Group |
Aggregate
and Mining Group |
Energy
Group |
Total
|
|||||||||||||
December 31, 2013
|
137,119 | 105,022 | 48,101 | 290,242 | ||||||||||||
December 31, 2012
|
124,210 | 88,123 | 51,458 | 263,791 | ||||||||||||
December 31, 2011
|
111,307 | 98,262 | 59,049 | 268,618 | ||||||||||||