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.

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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 (Nasdaq: ATRO) Secures New Inflight Connectivity Equipment Order from Collins Aerospace

Astronics Secures New Inflight Connectivity Equipment Order from Collins Aerospace

Astronics has turned from a bolt-on growth darling to a real disappointment in recent years. Covid-19 followed a period of lackluster organic and operational achievements.

Astronics - Heavy Turbulence

One of the hardest-hit names in commercial aerospace is staging a comeback.

Why Shares of Astronics Are Up Today

Astronics Corporation (ATRO) CEO Peter Gundermann on Q3 2020 Results - Earnings Call Transcript

  Shares of Astronics (NASDAQ:ATRO) moved higher by 8.1% in pre-market trading after the company reported Q3 results.

Astronics: Q3 Earnings Insights

EAST AURORA, N.Y. & SAN ANTONIO, Texas--(BUSINESS WIRE)--Xenex Awards Exclusive Contract to Astronics (Nasdaq: ATRO) for Manufacturing Support of LightStrike Disinfecting Robots.

Xenex Awards Exclusive Contract to Astronics for Manufacturing Support of LightStrike Disinfecting Robots

EAST AURORA, NY--(BUSINESS WIRE)--Astronics (Nasdaq: ATRO) Corporation Reports 2020 Third Quarter Financial Results

Astronics Corporation Reports 2020 Third Quarter Financial Results

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics (Nasdaq: ATRO) Test Systems Awarded Contract by Stadler Rail US to Support New Subway Cars for Metro Atlanta Rapid Transit Authority

Astronics Test Systems Awarded Contract by Stadler Rail US to Support New Subway Cars for Metro Atlanta Rapid Transit Authority

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Announces Third Quarter 2020 Financial Results Conference Call and Webcast

Astronics Corporation Announces Third Quarter 2020 Financial Results Conference Call and Webcast

Astronics' (ATRO) new AutoPoint Multi-Axis Robotic System aids in circuit card troubleshooting, eliminating human error associated with mis-probing and lowering the probing process time.

Astronics Introduces New AP-MARS for Testing Circuit Card

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics (NASDAQ: ATRO) Launches Automated Circuit Card Diagnostic System: AutoPoint Multi-Axis Robotic System (AP-MARS)

Astronics Launches Automated Circuit Card Diagnostic System: AutoPoint Multi-Axis Robotic System (AP-MARS)

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics SATCOM Antenna Technology Completes Successful Test Flight with Collins Aerospace LuxStream Connectivity Service and Satellite Provider SES

Astronics SATCOM Antenna Technology Completes Successful Test Flight with Collins Aerospace LuxStream Connectivity Service and Satellite Provider SES

Astronics' (ATRO) CEO Peter Gundermann on Q2 2020 Results - Earnings Call Transcript

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Reports 2020 Second Quarter Financial Results

Astronics Corporation Reports 2020 Second Quarter Financial Results

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics (Nasdaq: ATRO) Awarded Contracts by Bell to Develop Electrical Power Systems for FARA and FLRAA Programs

Astronics Awarded Contracts by Bell to Develop Electrical Power Systems for FARA and FLRAA Programs

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Announces Second Quarter 2020 Financial Results Conference Call and Webcast

Astronics Corporation Announces Second Quarter 2020 Financial Results Conference Call and Webcast

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Astronics Corporation (ATRO) CEO Peter Gundermann on Q1 2020 Results - Earnings Call Transcript

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Astronics Corporation's (ATRO) CEO Pete Gundermann on Q3 2019 Results - Earnings Call Transcript

An unusual satellite failure in the recent past has delayed Astronics' (ATRO) business jet antenna program, which, in turn, is likely to have hurt the company's Q3 performance.

Astronics (ATRO) to Report Q3 Earnings: What's in the Cards?

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News for Astronics Stock (ATRO)