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 |
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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
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, David C. Burney, Executive Vice President and Chief Financial Officer, and Nancy L. Hedges, Controller and Principal Accounting Officer, will present and host investor meetings at the Sidoti Small Cap Virtual Conference on Wednesday, December 4, 2024. The Astronics presentation is scheduled to begin at 1:45 p.m. Eastern Time. A live webcast of the presentation, along with presentation materials, will be available at www.astronics.com. A repl
Astronics Corporation (NASDAQ:ATRO) ("Astronics" or the "Company") today announced the pricing of $150 million aggregate principal amount of 5.500% convertible senior notes due 2030 (the "Notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Astronics also granted the initial purchasers of the Notes an option to purchase up to an additional $15 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued. The offering of the Notes is expected to close on Decem
Astronics Corporation (NASDAQ:ATRO) ("Astronics" or the "Company") today announced that it intends to offer, subject to market and other conditions, $150 million aggregate principal amount of convertible senior notes due 2030 (the "Notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Astronics also expects to grant to the initial purchasers of the Notes an option to purchase up to an additional $15 million aggregate principal amount of the Notes, for settlement within a 13-day period beginning on, and including, the first date on which the Notes are issued.
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
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
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. (
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
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
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
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
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 first quarter 2024 financial results after the close of financial markets on Thursday, May 2, 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. First Quarter 2024 Conference Call Thursday, May 2, 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 the day
Sales grew 23.5% to $195.3 million in the quarter and were up 28.8% to $689.2 million for the full year Operating income was $7.8 million in the quarter, or 4.0% of sales Net income for the quarter was $7.0 million, or $0.20 per diluted share, including a $5.4 million, or $0.16 per diluted share, tax benefit Adjusted EBITDA1 was $24.8 million, or 12.7% of sales, a 780 basis point improvement over the fourth quarter of the prior year Bookings in the quarter were $183.3 million; 2023 bookings totaled $724.2 million Aerospace achieved its eighth consecutive record backlog of $517.2 million 2024 revenue expected to be approximately $760 million to $795 million Astronics Co
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 2023 financial results after the close of financial markets on Wednesday, February 28, 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. Fourth Quarter and Fiscal Year 2023 Conference Call Wednesday, February 28, 2024 4:45 p.m. Eastern Time Phone: (412) 317-0518 Webcast: investors.astronics.com A telephonic replay will be availa
Sales grew 24% to $162.9 million in the quarter and were up 31% year-to-date to $493.9 million Bookings totaled $176.0 million in the quarter and $540.9 million for the nine month period Record backlog of $604.3 million1, the seventh consecutive quarterly record reflecting continued strong demand Net loss was $17.0 million after $3.8 million tax benefit and $11.1 million non-cash reserves related to a customer bankruptcy Adjusted EBITDA2 was $8.8 million, or 5.4% of sales, a 500 basis point improvement over prior-year period Revenue guidance for 2023 raised to $680 million to $690 million from previous range of $640 million to $680 million; Fourth quarter revenue expected to
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 third quarter 2023 financial results after the close of financial markets on Wednesday, November 8, 2023. 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 2023 Conference Call Wednesday, November 8, 2023 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. E
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