Astec Industries, Inc. (NASDAQ:ASTE) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET

Company Participants

Steve Anderson - SVP of Administration and IR
Jaco van der Merwe - President and CEO
Brian Harris - CFO
Heinrich Jonker - VP of Finance

Conference Call Participants

Joe Grabowski - Baird
Steve Ferazani - Sidoti

Operator

Hello and welcome to the Astec Industries Third Quarter 2024 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 welcome to the Astec third quarter 2024 earnings conference call.

Joining me on today's call are President and Chief Executive Officer, Jaco van der Merwe, our newly appointed Chief Financial Officer, Brian Harris, and Vice President of Finance for Infrastructure Solutions, Heinrich Jonker. In just a moment, I'll turn the call over to Jaco to provide comments and then Brian and Heinrich 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. Any 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 earnings release and others are contained in our filings with the SEC. As usual, we ask that you familiarize yourself with those factors. The company refers to various U.S. GAAP, which are generally accepted accounting principles, and non-GAAP financial measures, which management believes provide useful information to investors. These non-GAAP financial measures have no standardized meaning prescribed by U.S. GAAP and are therefore 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 U.S. GAAP measures. A reconciliation of U.S. GAAP to non-GAAP results is included in our earnings release in 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 Presentation tabs.

Now, I will turn the call over to Jaco.

Jaco van der Merwe

Thank you, Steve. Good morning, everyone, and thank you for joining us. Before I begin, I would like to welcome Brian Harris, who, as you know, joined us as Astec's new Chief Financial Officer a few weeks ago. We are thrilled to have Brian on board.