Issue link: http://read.dmtmag.com/i/276196
Astec Industries, Inc. was founded in 1972 with the vision to apply creative thinking and state-of-the-art technology to traditional construction industries, bolstered by a corporate culture renowned for putting customer service first. Based in Chattanooga, Tennessee, the Astec Industries, Inc. family of companies has become America's leading manufacturer of equipment for asphalt road building, aggregate processing, oil, gas and water well drilling and wood processing. 2013 Financial Overview (in thousands, except noted*) 2013 2012 2011 2010 2009 Operating results Net sales $ 932,998 $ 936,273 $ 908,641 $ 737,084 $ 698,056 Net income attributable to controlling interest 1,2,3 39,042 40,828 40,563 33,237 3,731 Financial position 3 Total assets $ 749,291 $ 728,783 $ 719,481 $ 651,549 $ 591,564 Working capital 388,880 358,536 333,719 318,936 278,721 Equity 580,511 550,734 531,298 494,276 452,923 Per common share* Net income attributable to controlling interest 1,2,3 Basic $ 1.72 $ 1.80 $ 1.80 $ 1.48 $ 0.17 Diluted 1.69 1.77 1.76 1.46 0.16 Book value per common share at year end 24.99 23.82 23.09 21.63 19.92 Other data Weighted average number of common shares outstanding Basic 22,749 22,680 22,589 22,517 22,447 Diluted 23,081 23,051 22,984 22,830 22,716 Associates* 3,708 3,860 3,885 3,284 3,137 (1) During the fourth quarter of 2012, the Company had a pre-tax gain on the sale of a subsidiary of $5,357,000. (2) The fourth quarter of 2009 includes impairment charges, primarily goodwill, of $17,036,000 or $13,627,000, net of tax benefit of $3,409,000. (3) Amounts for 2009–2012 have been restated from previously reported amounts. Astec Industries, Inc. | 01