Astec Industries, Inc. (NASDAQ:ASTE) Q4 2023 Earnings Conference Call February 28, 2024 8:30 AM ET

Company Participants

Steve Anderson - Senior VP of Administration and IR

Jaco Merwe - CEO

Becky Weyenberg - CFO

Conference Call Participants

Joe Grabowski - R.W. Baird

Larry De Maria - William Blair

Brian Sponheimer - Gabelli Funds

Operator

Hello and welcome to the Astec Industries Fourth Quarter and Full Year 2023 Earnings Call. As a reminder, this conference call is being recorded.

It is my pleasure to introduce your host, Steve Anderson, Senior Vice President of Administration and Investor Relations. Mr. Anderson, you may begin.

Steve Anderson

Thank you, and good morning, everyone. Joining me on today's call are Jaco van der Merwe, Chief Executive Officer; and Becky Weyenberg, Chief Financial Officer. In just a moment, I'll turn the call over to Jaco to provide comments, and then Becky will summarize our financial results. Before we begin, I'll remind you that our discussion this morning may contain forward-looking statements that relate to the future performance of the Company, and these statements are intended to qualify for the Safe Harbor liability established by the Private Securities Litigation Reform Act. Any such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions.

Factors that can influence our results are highlighted in today's financial news release, and others are contained in our filings with the SEC. As usual, we ask that you familiarize yourself with those factors. In an effort to provide investors with additional information regarding the Company's results, the Company refers to various U.S. GAAP, which are generally accepted accounting principles, and non-GAAP financial measures, which management believes provides useful information to investors. These non-GAAP financial measures have no standardized meaning prescribed by U.S. GAAP, and therefore, are unlikely to be comparable to the calculation of similar measures for other companies.

Management of the Company does not intend these items to be considered in isolation or as a substitute for the related GAAP measures. A reconciliation of GAAP to non-GAAP results is included in our news release and the appendix of our slide deck. All related earnings materials are posted on our website at www.astecindustries.com, including our presentation which is under the Investor Relations and Presentations' tabs.

And now, I'll turn the call over to Jaco.

Jaco Merwe

Thank you, Steve. Good morning, everyone, and thank you for joining us.