Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, North America, Asia, Europe, South America, and internationally. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and motions systems, aircraft structures, avionics products, system certification, and other products. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial, military, and general aviation markets; suppliers; and aircraft operators, such as airlines and branches of the U.S. Department of Defense. The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the aerospace and defense, and communications and mass transit industries, as well as training and simulation devices for commercial and military applications. It serves OEMs and prime government contractors for electronics and military products. The company also sells inflight entertainment and connectivity products, and lower antenna; and wireless communication testing primarily for the civil land mobile radio market. Astronics Corporation was founded in 1968 and is headquartered in East Aurora, New York.
IPO Year:
Exchange: NASDAQ
Website: astronics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/20/2021 | $19.00 | Neutral → Buy | Colliers Securities |
First quarter sales increased 11.3% to $205.9 million First quarter net income was $9.5 million, or $0.26 per diluted share; adjusted EBITDA1 was $30.7 million, or 15% of sales Aerospace segment first quarter sales grew 17% to a record $191.4 million Cash flow from operations was $20.6 million in the first quarter Achieved record bookings in the quarter of $279.7 million and record backlog of $673.0 million with book to bill ratio of 1.36x Maintaining 2025 revenue guidance in the range of $820 million to $860 million Astronics Corporation (NASDAQ:ATRO) ("Astronics" or the "Company"), a leading supplier of advanced technologies and products to the global aerospace, defense, and
Astronics Corporation (NASDAQ:ATRO), a leading provider of advanced technologies for the global aerospace, defense, and other mission-critical industries, announced that it will release its first quarter 2025 financial results after the close of financial markets on Tuesday, May 6, 2025. The Company will host a conference call and webcast that same day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. First Quarter 2025 Conference Call Tuesday, May 6, 2025 4:45 p.m. Eastern Time Phone: (201) 493-6784 Webcast: investors.astronics.com A telephonic replay will be available from 8:00 p.m. ET on the day
EmPower Ultralite G2, the industry's most powerful and intelligent cabin power system for charging passenger electronic devices, takes top honors Originally unveiled in 2022, UltraLite G2 continues to gain traction with rising adoption rates, offering proven reliability and flexible linefit/retrofit options, solidifying its position as the industry's preferred solution Astronics Corporation (NASDAQ:ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, is proud to announce that its EmPower® UltraLite G2 Power System has been honored with the Technology Award for Best In-Seat Power Solution at the 2025 PAX Readership Award
Astronics Corporation (NASDAQ:ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, announced today it has been selected to provide the Frequency Converter Unit (FCU) for the NASA and Boeing Transonic Truss-Braced Wing (TTBW) X-66 aircraft demonstrator. In addition to designing the FCU, Astronics will collaborate closely with project stakeholders to support ground and flight tests, slated to start in 2028. The FCU changes the output of the newly adapted 115VAC, 3-phase Variable Frequency Generator to 115VAC, 3-phase, constant frequency (400 Hz) for the aircraft's main power buses. This capability enables the
Delivering seamless integration, 4K resolution, and an immersive passenger experience Astronics Corporation (NASDAQ:ATRO), a leading provider of advanced technologies for the global aerospace, defense, and other mission-critical industries, today launched the SkyShow Server, an advanced moving map system developed by Astronics CSC in collaboration with FlightPath3D. Designed for seamless integration into both new and existing aircraft cabins, SkyShow Server delivers stunning 4K-resolution visuals, enhancing the in-flight experience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250402044095/en/Astronics SkyShow Server Developed
Fourth quarter sales increased 6.8% to $208.5 million; sales for 2024 were up 15.4% to $795.4 million Fourth quarter net loss was $2.8 million; adjusted EBITDA1 was $31.5 million, or 15.1% of sales Aerospace segment fourth quarter sales increased 12% to a record $188.5 million Cash flow from operations was $26.4 million in the quarter and $30.6 million for the year Bookings in the quarter were $195.9 million; 2024 bookings totaled $808.1 million 2025 revenue guidance maintained at $820 million to $860 million Astronics Corporation (NASDAQ:ATRO) ("Astronics" or the "Company"), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mi
Astronics Corporation (NASDAQ:ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its fourth quarter and fiscal year 2024 financial results after the close of financial markets on Tuesday, March 4, 2025. The Company will host a conference call and webcast that same day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. Fourth Quarter and Fiscal Year 2024 Conference Call Tuesday, March 4, 2025 4:45 p.m. Eastern Time Phone: (201) 493-6784 Webcast: investors.astronics.com A telephonic replay will be av
Astronics Corporation (NASDAQ:ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced today that a judgment has been issued by the UK court presiding over its long-running patent infringement dispute with Lufthansa Technik AG. The ruling requires Astronics to pay approximately $11.9 million as a damage award for infringement of the subject patent. Any additional amounts required to be paid by the Company related to certain other factors peripheral to the damages award will be determined at a consequential hearing expected to occur in March 2025. Astronics expects that payment of the final liability will be required
Astronics Corporation (NASDAQ:ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced the appointment of Fay West to its Board of Directors, effective February 6, 2025. Ms. West brings over two decades of financial leadership experience across various industries. Since April 2021, she has served as Senior Vice President and Chief Financial Officer at Tennant Company (NYSE:TNC), a global leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, and healthier world. Peter J. Gundermann, Chairman, President and CEO, commented, "We are thrilled to welcome Fay to our Board of Director
Preliminary unaudited fourth quarter revenue was $208 million to $210 million Full year 2024 preliminary unaudited revenue was approximately $796 million, an increase of 15.5% over 2023 Initial 2025 revenue guidance established at $820 million to $860 million Astronics Corporation (NASDAQ:ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced its fourth quarter 2024 preliminary unaudited revenue was approximately $208 million to $210 million which was the upper end of the Company's guidance range. At the midpoint of this announced range, preliminary revenue was up 7.0% over the prior-year period and up 2.6%
Colliers Securities upgraded Astronics from Neutral to Buy and set a new price target of $19.00
Canaccord Genuity resumed coverage of Astronics with a rating of Buy and set a new price target of $20.00