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

Earnings data Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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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Atronics Corporation (ATRO) CEO Peter Gundermann on Q4 2021 Results - Earning Calls Transcript

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Reports 2021 Fourth Quarter and Full Year Financial Results

Astronics Corporation Reports 2021 Fourth Quarter and Full Year Financial Results

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Announces Fourth Quarter 2021 Financial Results Conference Call and Webcast

Astronics Corporation Announces Fourth Quarter 2021 Financial Results Conference Call and Webcast

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Congratulates Textron Aviation on the First Flight of the Beechcraft Denali

Astronics Corporation Congratulates Textron Aviation on the First Flight of the Beechcraft Denali

Astronics Corp  ATRO reported Q4 preliminary revenue of $116 million (+1.1% year-over-year) and preliminary bookings of $177 million (+52.6% Y/Y) for a book-to-bill of 1.5. The Q4 revenue included $99 million from the Aerospace segment and $17 million from the Test segment.

Astronics Registers Solid Bookings In Q4; Reveals Adverse Ruling In UK Patent Dispute

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Announces $177 Million in Preliminary Bookings and Record Backlog for Fourth Quarter 2021

Astronics Corporation Announces $177 Million in Preliminary Bookings and Record Backlog for Fourth Quarter 2021

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics (Nasdaq: ATRO) Introduces ATS-5000 Series of Functional Test and Support Solutions

Astronics Introduces ATS-5000 Series of Functional Test and Support Solutions

Astronics Corporation (ATRO) CEO Peter Gundermann on Q3 2021 Results - Earnings Call Transcript

Astronics Corporation (ATRO) delivered earnings and revenue surprises of -43.75% and -0.67%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Astronics Corporation (ATRO) Reports Q3 Loss, Lags Revenue Estimates

Astronics Corp (NASDAQ: ATRO) reported a third-quarter FY21 sales increase of 5% year-over-year to $111.84 million, missing the consensus of $114.07 million. Loss per share widened to $(0.23) from $(0.17) in 3Q20, missing consensus of $(0.16).

Astronics Q3 Results Miss Street View; Sees Q4 Revenue Below Consensus

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Reports 2021 Third Quarter Financial Results

Astronics Corporation Reports 2021 Third Quarter Financial Results

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation Announces Q3 2021 Financial Results Conference Call and Webcast

Astronics Corporation Announces Third Quarter 2021 Financial Results Conference Call and Webcast

Astronics Corporation (ATRO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Astronics Corporation (ATRO) May Report Negative Earnings: Know the Trend Ahead of Q3 Release

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics (Nasdaq: ATRO) to Receive $24 million in Cash from Combination of AMJP and Asset Sale

Astronics to Receive $24 Million in Cash from Combination of AMJP and Asset Sale

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Astronics Corp (NASDAQ: ATRO) has secured a $19 million order from Raytheon Technologies Corp (NYSE: RTX) subsidiary Collins Aerospace for business jet connectivity equipment to be delivered in 2022.  The order is a follow-on to the ~$11 million order announced in February 2021.

Astronics Bags $19M Follow-On Order From Collins Aerospace

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics (Nasdaq: ATRO) Awarded Additional Follow-on Inflight Connectivity Equipment Order from Collins Aerospace

Astronics Awarded Additional Follow-on Inflight Connectivity Equipment Order From Collins Aerospace

Astronics Corporation (ATRO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Astronics Corporation (ATRO) Soars 8.3%: Is Further Upside Left in the Stock?

Astronics Corporation (ATRO) CEO Peter Gundermann on Q2 2021 Results - Earnings Call Transcript

Astronics Corporation (ATRO) delivered earnings and revenue surprises of -52.94% and -3.42%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Astronics Corporation (ATRO) Reports Q2 Loss, Lags Revenue Estimates

Astronics Corp (NASDAQ: ATRO) reported a second-quarter sales decline of 10.1% year-over-year to $111.16 million, missing the consensus of $114.52 million. Loss from operation reduced to $(5.92) million from $(18.68) million a year ago.

Astronics Stock Falls On Missing Q2 Estimates, Weak Margins

Shares of Astronics (NASDAQ:ATRO) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share increased 27.78% year over year to ($0.26), which missed the estimate of ($0.16).

Recap: Astronics Q2 Earnings

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Reports 2021 Second Quarter Financial Results

Astronics Corporation Reports 2021 Second Quarter Financial Results

On Friday, August 06, Astronics (NASDAQ:ATRO) will release its latest earnings report. Decipher the announcement with Benzinga's help.

News for Astronics Stock (ATRO)