Astronics

Astronics Corp. engages in the provision of electrical power generation and distribution systems. It includes motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. It operates through the Aerospace and Test Systems segments. The Aerospace segment designs and manufactures products for the global aerospace industry. The Test Systems segment designs, develops, manufactures and maintains communications and weapons test systems and training and simulation devices for military applications. The firm's products and solutions include Aircraft Data Systems, Aircraft Electrical Power Systems, Airfield Lighting, Custom Design & Manufacturing, Emergency Systems, Enhanced Vision Systems, IFC Antennas and Radome Systems, Inflight Entertainment System Hardware, Interiors & Structures, Lighting Systems, Seat Actuation Systems, Simulation & Training, Systems Certification, Test & Measurement and VIP IFEC & CMS Systems. The company was founded on December 5th, 1968 and is headquartered in East Aurora, NY.

Earnings data Q1 2021

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Astronics reports robust Q4 performance, eyes margin improvement and growth

Astronics' strong Q4 performance and record backlog position the company well for 2023.
Despite margin pressures and program delays, opportunities in pricing strategy and program contributions offer growth potential.
Focus on improving margins through revenue growth and addressing supply chain challenges.
Maintaining revenue guidance and managing cash flow key priorities for sustainable growth.

Astronics reports record sales and backlog, eyes margin expansion

Astronics delivered strong Q1 2023 performance with robust sales growth and record backlog.
Despite challenges in working capital and cash flow, the company is focused on cost-cutting and revenue expansion.
Anticipated margin expansion and new business wins position Astronics for future growth and profitability.
Maintained revenue forecast and positive outlook signal resilience and strategic progress.

Astronics reports robust Q2 sales growth, tackles supply chain challenges

Astronics delivered strong sales growth driven by the Aerospace segment, offset by challenges in the Test segment. Despite a net loss, adjusted EBITDA showed significant improvement. The company maintains a healthy backlog and is focused on operational improvements and managing legal expenses to drive profitability.

Astronics anticipates strong Q4 rebound despite margin challenges

Astronics faces challenges in margins due to customer bankruptcy and operational issues but remains optimistic about a strong Q4 and year-end revenue growth. The company is focused on improving financial health and operational efficiency to capitalize on growth opportunities.

Astronics reports robust Q4 earnings, eyes growth amidst challenges

Astronics had a strong Q4 and expects continued growth in 2024 despite a slow start. The company is focused on enhancing margins, operational efficiency, and resolving disputes. Opportunities lie in significant procurement contracts, improving cash flow, and expanding product adoption among airlines.

Astronics excels in Q1 2024, eyes growth with U.S. Army contract

Astronics Corporation delivered robust Q1 2024 results, driven by strong sales performance and improved profitability. While facing challenges in the Test segment, the company is strategically restructuring to enhance efficiency. With a focus on operational enhancements and lucrative contracts like the U.S. Army radio test program, Astronics is poised for sustained growth and aims to rebound to pre-pandemic revenue levels in the latter half of the year.

Astronics exceeds Q2 sales targets, strengthens financial position for growth

Astronics' Q2 performance showcased resilience and growth, driven by strong Aerospace segment results and operational improvements.
While facing challenges in the Test segment, strategic refinancing and operational enhancements position the company for future success.
With a focus on revenue growth, cost efficiency, and strategic planning, Astronics aims to capitalize on market opportunities and drive shareholder value.

Astronics reports robust Q3 performance amidst legal challenges and growth opportunities

Astronics Corporation's Q3 performance showcased resilience and operational strength amidst challenges, with a focus on supply chain improvements and workforce efficiency.
The company's strategic strengths in managing legal expenses, warranty reserves, and maintaining cash flow position it well for future growth opportunities.
Analyst inquiries and management's confidence underscore the company's ability to navigate challenges and capitalize on growth prospects in the aerospace industry.

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EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) to Webcast Presentation at the Sidoti Small Cap Conference.

Astronics Corporation to Webcast Presentation at the Sidoti Small Cap Conference

Astronics Corporation's $150 million convertible note offering led to a 15% stock price drop, reflecting shareholder concerns about potential dilution and future cash flow generation. The proceeds will repay a term loan maturing in 2027 and part of an upsized revolving credit facility, pushing debt maturity to 2030. The market's reaction suggests skepticism about Astronics' growth prospects and ability to generate shareholder value, given a 62.3% stock price decline over the past decade.

Astronics Stock Plunges On Convertible Note Offering: But Why?

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (NASDAQ: ATRO) Announces Pricing of $150 Million Convertible Senior Notes Offering.

Astronics Corporation Announces Pricing of $150 Million Convertible Senior Notes Offering

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (NASDAQ: ATRO) Announces $150 Million Convertible Senior Notes Offering.

Astronics Corporation Announces $150 Million Convertible Senior Notes Offering

Astronics' stock has underperformed, with a 10% decline since my strong buy rating, despite improved earnings and operational metrics in the third quarter. Third-quarter sales grew 25%, driven by the Aerospace and Test Systems segments, with significant margin improvements despite non-recurring costs. Risks include Boeing production delays and litigation with Lufthansa Technik, but long-term demand and EBITDA growth projections remain strong.

Why I Still Believe In Astronics Despite Recent Underperformance

Astronics (ATRO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

All You Need to Know About Astronics (ATRO) Rating Upgrade to Strong Buy

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Astronics Corporation (NASDAQ:ATRO ) Q3 2024 Earnings Conference Call November 6, 2024 4:45 AM ET Company Participants Craig Mychajluk - Investor Relations Peter Gundermann - Chairman, President and Chief Executive Officer David Burney - Executive Vice President and Chief Financial Officer Nancy Hedges - Corporate Controller and Principal Accounting Officer Conference Call Participants Jonathan Tanwanteng - CJS Securities Michael Ciarmoli - Truist Securities Operator Greetings and welcome to the Astronics Corporation Third Quarter Fiscal Year 2024 Financial Results. At this time, all participants are in a listen-only mode.

Astronics Corporation (ATRO) Q3 2024 Earnings Call Transcript

Astronics Corporation (ATRO) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.18 per share a year ago.

Astronics Corporation (ATRO) Beats Q3 Earnings and Revenue Estimates

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Reports 25% Growth in Sales in 2024 Third Quarter.

Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter

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EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Announces Third Quarter 2024 Financial Results Conference Call and Webcast.

Astronics Corporation Announces Third Quarter 2024 Financial Results Conference Call and Webcast

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (NASDAQ: ATRO) Appoints Nancy L. Hedges as Chief Financial Officer Effective January 4, 2025.

Astronics Corporation Appoints Nancy L. Hedges as Chief Financial Officer Effective January 4, 2025

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) to Present Virtually at the Gabelli 30th Annual Aerospace & Defense Symposium.

Astronics Corporation to Present Virtually at the Gabelli 30th Annual Aerospace & Defense Symposium

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) to Webcast Presentation at the Midwest IDEAS Conference.

Astronics Corporation to Webcast Presentation at the Midwest IDEAS Conference

Astronics Corporation (NASDAQ:ATRO ) Q2 2024 Results Conference Call August 1, 2024 4:45 PM ET Company Participants Debra Pawlowski - Investor Relations Pete Gundermann - Chairman, President & Chief Executive Officer Dave Burney - Chief Financial Officer` Conference Call Participants Jon Tanwanteng - CJS Securities Michael Ciarmoli - Truist Scott Lewis - Lewis Capital Operator Good day, everyone, and welcome to the Astronics Corporation Second Quarter 2024 Financial Results Conference Call. All participants will be in a listen-only mode.

Astronics Corporation (ATRO) Q2 2024 Earnings Call Transcript

Astronics Corporation (ATRO) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to loss of $0.37 per share a year ago.

Astronics Corporation (ATRO) Q2 Earnings Miss Estimates

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Reports 14% Growth in Sales in 2024 Second Quarter.

Astronics Corporation Reports 14% Growth in Sales in 2024 Second Quarter

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Announces Second Quarter 2024 Financial Results Conference Call and Webcast.

Astronics Corporation Announces Second Quarter 2024 Financial Results Conference Call and Webcast

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EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Refinances Debt with Expanded Revolver and Lower Cost Term Loan.

Astronics Corporation Refinances Debt with Expanded Revolver and Lower Cost Term Loan

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Awarded Contract for U.S. Army Radio Test Set TS-4549/T Valued at Approximately $215 Million.

Astronics Awarded Contract for U.S. Army Radio Test Set TS-4549/T Valued at Approximately $215 Million

Dublin, June 07, 2024 (GLOBE NEWSWIRE) -- The "Global eVTOL Cabin Interior Market: Focus on Application, Product, and Region - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering. The eVTOL cabin interiors mark a pivotal moment in the evolution of urban air mobility. As electric vertical takeoff and landing (eVTOL) aircraft gain traction, there is a growing need for innovative and comfortable cabin designs to enhance the passenger experience. These interiors are specifically tailored to meet the unique requirements of aerial transportation, combining safety, functionality, and aesthetics.

Global eVTOL Cabin Interior Market Analysis and Forecast 2023-2033: Prominent Players Recaro Aircraft Seating, Diehl Aviation and Astronics are Known for their Innovative Cabin Solutions

HANOI, Vietnam--(BUSINESS WIRE)--Global IT services provider FPT Software recently entered a partnership with US-based no-code provider Creatio to amplify its expertise and service portfolio in low-code/no-code. The collaboration targets business customers in banking, finance, insurance, and more. As Creatio's Global System Integrator, FPT Software gains access to Creatio's robust platforms, industry know-how, and support program to deliver tailored no-code solutions and customer success. Creat.

FPT Software Partners with Creatio to Accelerate No-Code Adoption Worldwide

TOKYO--(BUSINESS WIRE)--RevolKa Ltd., a venture-backed biotech company providing a game-changing protein engineering technology platform (Norio Hamamatsu, President and CEO) signed a master service agreement with Daiichi Sankyo Co., Ltd. (Hiroyuki Okuzawa, President and COO). RevolKa will create and deliver highly functional proteins, in collaboration with Daiichi Sankyo Co., Ltd. by using its proprietary protein engineering platform technology, called aiProtein®: a robust directed protein evol.

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