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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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

Archer-Daniels-Midland Company

Alpha Metallurgical Resources

AMR, ATRO and ADM have been added to the Zacks Rank #5 (Strong Sell) List on October 30, 2024.

New Strong Sell Stocks for October 30th

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

Northern Technologies

Polaris

NTIC, ATRO and PII have been added to the Zacks Rank #5 (Strong Sell) List on July 18, 2024.

New Strong Sell Stocks for July 18th

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.

RevolKa Signed Master Service Agreement with Daiichi Sankyo

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Newest EmPower® UltraLite G2 USB Power System to Be Installed on 650 Aircraft by End of Year.

Astronics' Newest EmPower® UltraLite G2 USB Power System to Be Installed on 650 Aircraft by End of Year

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Awarded Contracts Valued up to $75 Million for Dual-Modem Modem Manager Units.

Astronics Awarded Contracts Valued up to $75 Million for Dual-Modem Modem Manager Units

Astronics Corporation sales grew by 18.2% in Q1, exceeding guidance, with strong growth in aerospace sales. Gross margins increased from 17.6% to 18.5% due to volume and price increases. Astronics has strong near-term demand, a front-loaded backlog, and opportunities for growth in the aerospace segment.

Astronics Q1 Review: Stock Is A Strong Buy

Astronics Corporation (NASDAQ:ATRO ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Debbie Pawlowski - Investor Relations Pete Gundermann - Chairman, President & Chief Executive Officer Dave Burney - Chief Financial Officer` Conference Call Participants Michael Ciarmoli - Truist Jon Tanwanteng - CJS Securities Tony Bancroft - Gabelli Funds Operator Good day, and welcome to the Astronics Corporation First Quarter 2024 Financial Results Call. All participants will be in listen-only mode.

Astronics Corporation (ATRO) Q1 2024 Earnings Call Transcript

Astronics Corporation (ATRO) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of $0.05. This compares to loss of $0.14 per share a year ago.

Astronics Corporation (ATRO) Reports Q1 Loss, Tops Revenue Estimates

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Reports 2024 First Quarter Financial Results.

Astronics Corporation Reports 2024 First Quarter Financial Results

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

News for Astronics Stock (ATRO)