Astronics upgraded by Colliers Securities with a new price target
$ATRO
Military/Government/Technical
Industrials
Colliers Securities upgraded Astronics from Neutral to Buy and set a new price target of $19.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/20/2021 | $19.00 | Neutral → Buy | Colliers Securities |
Sales increased $40.8 million to $203.7 million, highest quarterly level since the first quarter of 2019 Higher sales drove Aerospace operating income of $14.3 million, or 8.0%; Adjusted Aerospace operating income1 was $25.3 million, or 14.2% of sales Net loss for the quarter of $11.7 million, or $0.34 per diluted share, included impact of $7.0 million in refinancing costs; Adjusted net income1 was $12.2 million, or $0.35 per diluted share Adjusted EBITDA1 grew 207% to $27.1 million, or 13.3% of sales, up $18.2 million over the prior-year period and up $6.8 million over trailing second quarter Generated $8.5 million in cash from operations in the quarter Bookings in the quarter w
Astronics Corporation (NASDAQ:ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, announced that it will release its third quarter 2024 financial results after the close of financial markets on Wednesday, November 6, 2024. 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. Third Quarter 2024 Conference Call Wednesday, November 6, 2024 4:45 p.m. Eastern Time Phone: (201) 493-6784 Webcast: investors.astronics.com A telephonic replay will be available fro
Sales grew 14% to $198.1 million in the quarter Operating income increased to $7.6 million in the quarter, or 3.8% of sales Achieved net income for the quarter of $1.5 million, or $0.04 per diluted share Adjusted EBITDA1 grew 28% to $20.2 million, or 10.2% of sales, an increase of $4.4 million over the second quarter of the prior year Bookings in the quarter were $219.0 million, driving a record backlog of $633.4 million with book to bill ratio of 1.11x Aerospace achieved its tenth consecutive record backlog of $554.6 million Raising 2024 revenue guidance to $780 million to $800 million Astronics Corporation (NASDAQ:ATRO) ("Astronics" or the "Company"), a leading suppl
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To succeed David C. Burney upon his retirement Astronics Corporation (NASDAQ:ATRO) ("Astronics" or the "Company") today announced that its Board of Directors has appointed Nancy L. Hedges, currently Controller and Principal Accounting Officer, to Vice President and Chief Financial Officer effective upon the retirement of David C. Burney, the Company's current CFO, on January 3, 2025. Peter J. Gundermann, Chairman, President and Chief Executive officer, commented, "Nancy has attained strong command of our financial landscape across the broad range of our business, and has been intimately involved in our financial strategies and recent financing activities. She has an excellent working know
Astronics Corporation (NASDAQ:ATRO), a leading supplier of advanced technologies and products to the global aerospace and defense industries, today announced the appointment of Linda O'Brien to its Board of Directors, effective February 24, 2023. Ms. O'Brien is Vice President and Chief Engineer at Lockheed Martin Aeronautics, a position she has held since 2021. She was originally employed by Lockheed/General Dynamics from 1986 to 2006, rejoining the company in 2016. She has held a variety of positions including Program Management Director and Deputy Vice President of ISR and Unmanned Systems, Engineering Director- Deputy to the Vice President of Engineering and Technology and Engineering Di
8-K - ASTRONICS CORP (0000008063) (Filer)
8-K - ASTRONICS CORP (0000008063) (Filer)
8-K - ASTRONICS CORP (0000008063) (Filer)
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
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%
Astronics Corporation (NASDAQ:ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and Nancy L. Hedges, Vice President and Chief Financial Officer, will host meetings and a presentation at two upcoming events: the CJS Securities 25th Annual "New Ideas for the New Year" virtual conference and the 27th Annual Needham Growth Conference. Investor Conference Details: January 14, 2025: CJS Securities 25th Annual "New Ideas for the New Year" virtual conference. Management will virtually host one-on-one meetings and webcast a presentatio
NEW YORK, NY / ACCESSWIRE / December 3, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day December Small-Cap Conference taking place Wednesday and Thursday, December 4-5, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links.Presentation Schedule*All Times ESTWednesday, December 4th, 2024 (Day 1)9:15-9:45Pantheon Resources (PANR)inTEST Corporation (INTT)10:00-10:30Granite Ridge Resources (GRNT)InfuSystem Holdings, Inc. (INFU)10:45-11:15*****Charles River Associates (CRAI)11:30-12:00North American Construction (NOA)CBIZ (CBZ)12:1