Date | Price Target | Rating | Analyst |
---|---|---|---|
9/20/2021 | $19.00 | Neutral → Buy | Colliers Securities |
SC 13G/A - ASTRONICS CORP (0000008063) (Subject)
SC 13G/A - ASTRONICS CORP (0000008063) (Subject)
SC 13G - ASTRONICS CORP (0000008063) (Subject)
RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds 8:00Moog Inc. (
Astronics Corporation (NASDAQ:ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and David C. Burney, Executive Vice President and Chief Financial Officer, will present virtually at the Gabelli 30th Annual Aerospace & Defense Symposium on Thursday, September 5, 2024. The Astronics presentation is scheduled to begin at 10:30 a.m. Eastern Time. A live webcast of the presentation, along with presentation materials, will be available at www.astronics.com. A replay of the webcast will be available after the event in the Inves
RYE, N.Y., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds8:00Moog Inc. (NYSE:MOG)
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
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 second quarter 2024 financial results after the close of financial markets on Thursday, August 1, 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. Second Quarter 2024 Conference Call Thursday, August 1, 2024 4:45 p.m. Eastern Time Phone: (412) 317-0518 Webcast: investors.astronics.com A telephonic replay will be available from 8:00 p.m. ET on
Sales grew 18% to $185.1 million in the quarter Operating income was $1.7 million in the quarter, or 0.9% of sales Net loss for the quarter was $3.2 million, or $0.09 per diluted share Adjusted EBITDA1 was $19.1 million, or 10.3% of sales, an increase of $13.0 million over the first quarter of the prior year Bookings in the quarter were $205.3 million driving a record backlog of $612.5 million Aerospace achieved its ninth consecutive record backlog of $538.9 million Maintaining 2024 revenue guidance of approximately $760 million to $795 million Astronics Corporation (NASDAQ:ATRO) ("Astronics" or the "Company"), a leading supplier of advanced technologies and products t
4 - ASTRONICS CORP (0000008063) (Issuer)
4 - ASTRONICS CORP (0000008063) (Issuer)
4 - ASTRONICS CORP (0000008063) (Issuer)
Truist Securities analyst Michael Ciarmoli maintains Astronics (NASDAQ:ATRO) with a Hold and raises the price target from $19 to $20.
The refinancing provides improved liquidity, lower cash costs, and greater financial flexibility for the Company. The revolving line of credit was expanded from $115 million to a $200 million maximum subject to the borrowing base, with an interest rate of SOFR plus 2.5% to 3.0% varying based on the Company's consolidated leverage ratio.
The firm-fixed price, indefinite delivery, indefinite quantity (IDIQ) contract has a total value of up to $215 million with an expected period of performance of five years. The contract was awarded with an initial delivery order of $15.5 million to cover qualification and low-rate initial production. The Company expects this effort will generate revenue of approximately $10 million to $12 million in 2024 of which $5 million to $7 million is expected in the second quarter.
10-Q - 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
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