14 unchanged sentences
In addition, our payment of dividends may be limited by restrictive covenants in our revolving credit facility agreement.
−Removed: Issuer Purchases of Equity Securities
−Removed: The following table provides information with respect to our purchases of our common stock during the three months ended December 31, 2022:
−Removed: (in millions, except share and per share data) Total Number of Shares Purchased Average Price Paid per Share (a)
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Programs (b)
−Removed: Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (a)
−Removed: November 1, 2022 - November 30, 2022 90,642 $ 44.15 90,642 115.7
−Removed: Total 90,642 90,642
−Removed: (a) The average price paid per share includes applicable broker's fees and commissions.
−Removed: (b) On July 30, 2018, we announced a share repurchase program authorizing the repurchase of up to $150 million of our common stock.
−Removed: Under the authorization, repurchases may be made from time to time in open market transactions, including pursuant to trading plans adopted in accordance with Rule 10b5-1 of the Exchange Act, or in privately negotiated transactions.
−Removed: No time limit was set for completion of repurchases under the share repurchase program and the share repurchase program may be suspended or discontinued at any time.
Performance Graph
The stock performance graph below is intended to show our stock performance compared with that of comparable companies.
−Removed: The stock performance graph compares the cumulative five-year total return provided to shareholders of Astec Industries, Inc.'s common stock relative to the cumulative total returns of the Russell 2000 index, our broad equity market comparative index, the S&P 600 Industrials index and our defined peer group.
−Removed: Historically, our second stock performance comparative has been our defined peer group representative of our definitive Proxy peer group ("Peer Group"), which we believe reflects industrial manufacturing companies of comparable size and complexity.
−Removed: The ticker symbol of the companies included in our Peer Group are:
−Removed: ALG, AIMC, B, GTLS, CIR, CMCO, CVGI, EPAC, NPO, FSS, GBX, HY, JBT, LNN, MTW, MWA, SHYF, SPXC, SXI and WNC.
−Removed: For 2022, we are revising our second comparative to the S&P 600 Industrials index as we believe that this published index is a closer approximation to our industry as a whole as opposed to a smaller selection of peer companies.
−Removed: Table of Conten t s
−Removed: The graph assumes that the value of an investment in our common stock, in the Russell 2000 index, in the S&P 600 Industrials index and in the Peer Group was $100 on December 31, 2017 and assumes reinvestment of all dividends as well as the relative performance of each through December 31, 2022.
+Added: The stock performance graph compares the cumulative five-year total return provided to shareholders of Astec Industries, Inc.'s common stock relative to the cumulative total returns of the Russell 2000 index, our broad equity market comparative index, and the S&P 600 SmallCap Industrials index.
+Added: The graph assumes that the value of an investment in our common stock, in the Russell 2000 index and in the S&P 600 SmallCap Industrials index was $100 on December 31, 2018 and assumes reinvestment of all dividends as well as the relative performance of each through December 31, 2023.
(in dollars) 2018 2019 2020 2021 2022 2023
2 unchanged sentences
Russell 2000 100.00 125.49 150.50 172.74 137.40 160.59
−Removed: S&P 600 Industrials 100.00 87.85 113.89 127.52 160.55 145.46
−Removed: Peer Group 100.00 74.66 98.10 110.99 130.89 114.07
+Added: S&P 600 SmallCap Industrials 100.00 129.64 145.16 182.75 165.57 218.29
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.