Issue link: http://read.dmtmag.com/i/472117
1 During the fourth quarter of 2012, the Company had a pre-tax gain on the sale of subsidiary of $5,357,000. CONTENTS 02 :: Letter to Shareholders 04 :: Don't Let America Dead End 06 :: New Products and Technologies Energy Group 08 :: Heatec, Inc. 10 :: CEI Enterprises, Inc. 12 :: Peterson Pacific Corp. 14 :: GEFCO, Inc. Infrastructure Group 16 :: Astec, Inc. and Dillman Equipment 18 :: Roadtec, Inc. 20 :: Carlson Paving Products, Inc. 22 :: Astec Australia PTY LTD 24 :: Astec Mobile Machinery GmbH Aggregate & Mining Group 26 :: Telsmith, Inc. 28 :: Osborn Engineered Products SA (PTY) LTD 30 :: Breaker Technology 32 :: Astec do Brasil Fabrição de Equipamentos Ltda. 34 :: Kolberg-Pioneer, Inc. 36 :: Johnson Crushers International, Inc. 38 :: Astec Mobile Screens, Inc. 40 :: Telestack LTD Corporate Information 42 :: Corporate Executive Officers (in thousands, except as noted*) 2014 2013 2012 2011 2010 OPERATING RESULTS Net sales $ 975,595 $ 932,998 $ 936,273 $ 908,641 $ 737,084 Net income attributable to controlling interest 1 34,458 39,042 40,828 40,563 33,237 FINANCIAL POSITION Total assets $ 805,465 $ 749,291 $ 728,783 $ 719,481 $ 651,549 Working capital 392,062 388,880 358,536 333,719 318,936 Equity 599,352 580,511 550,734 531,298 494,276 PER COMMON SHARE* Net income attributable to controlling interest 1 Basic $ 1.51 $ 1.72 $ 1.80 $ 1.80 $ 1.48 Diluted 1.49 1.69 1.77 1.76 1.46 Book value per common share at year end 25.76 24.99 23.82 23.09 21.63 OTHER DATA Weighted average number of common shares outstanding Basic 22,819 22,749 22,680 22,589 22,517 Diluted 23,105 23,081 23,051 22,984 22,830 Associates* 3,952 3,708 3,860 3,885 3,284 FINANCIAL OVERVIEW