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Astronics Corp - ATRO STOCK NEWS

Welcome to our dedicated page for Astronics news (Ticker: ATRO), a resource for investors and traders seeking the latest updates and insights on Astronics stock.

Astronics Corporation (symbol: ATRO) is a leading provider of advanced technologies for the aerospace, defense, and electronics industries. With a commitment to keeping people safe, comfortable, and connected, Astronics delivers innovative solutions that power mission-critical systems across various sectors.

Through its diverse subsidiaries, including Astronics Advanced Electronic Systems, Astronics AeroSat, and Astronics Luminescent Systems, the company offers an array of products and services encompassing power, connectivity, lighting, structures, interiors, and testing technologies. Whether it's enhancing the efficiency of commercial aircraft, advancing defense systems, or integrating smart technology into everyday devices, Astronics plays a pivotal role.

The company operates through two main segments: Aerospace and Test Systems. The Aerospace segment, which is the primary revenue driver, caters to military, commercial transport, and general aviation markets. The Test Systems segment serves aerospace, defense, and semiconductor markets, ensuring high-quality and reliable performance through rigorous testing protocols.

Recent achievements highlight Astronics’ ongoing commitment to innovation and partnership. Collaborating closely with customers, the company has developed creative, integrated solutions to address complex challenges. Astronics' expertise in engineering and technology is exemplified by its contributions to commercial air travel, defense systems, and consumer electronics.

Financially, Astronics continues to exhibit strong performance, with the majority of its revenue generated from the Aerospace segment and predominantly sourced from the United States. The company's robust financial health supports its ongoing research and development initiatives, paving the way for future growth and expansion.

Stay updated on Astronics Corporation’s latest developments, projects, and financial news through our regularly updated news section. Explore how Astronics’ cutting-edge technologies are shaping the future of aerospace and defense industries. Learn more at www.astronics.com.

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Astronics Corporation (Nasdaq: ATRO) announced that Peter J. Gundermann, Chairman, President, and CEO, and David C. Burney, EVP and CFO, will host a presentation at the CJS Securities 24th Annual 'New Ideas for the New Year' virtual conference on January 10, 2024. The presentation will begin at 11:45 a.m. Eastern Time. A live webcast and presentation materials will be available at www.astronics.com, with a replay in the Investors section of the Company’s website.
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Astronics Corporation (Nasdaq: ATRO) reported a 24% sales growth to $162.9 million in the quarter and a 31% year-to-date increase to $493.9 million. The net loss was $17.0 million, but adjusted EBITDA improved to $8.8 million, or 5.4% of sales. Revenue guidance for 2023 was raised to $680-690 million from $640-680 million, with a strong fourth quarter expected to return to pre-pandemic sales levels.
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Astronics Corporation will release its Q3 2023 financial results on November 8, 2023. The company will host a conference call and webcast to discuss its financial and operating results and corporate strategies.
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Astronics Corporation under contract with Bell for the U.S. Army Future Long Range Assault Aircraft program
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Astronics Corporation has initiated an at-the-market equity offering program, allowing the sale of up to $30.0 million worth of shares of the Company's common stock. The timing and volume of sales will depend on various factors. Wells Fargo Securities and HSBC Securities will act as sales agents for the offering.
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Astronics Corporation (Nasdaq: ATRO) reported a 35% increase in sales to $174.5 million, with a record backlog of $611.1 million and an adjusted EBITDA of $15.8 million. The aerospace segment sales increased by 45% to $158.4 million, and bookings totaled $207.1 million. The company expects a strong second half of 2023 and a promising 2024 if current trends continue.
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Astronics Corporation expects revenue for the second quarter of 2023 to be in the range of $170 million to $175 million, which is at the upper end of its previous guidance range. Preliminary orders for the same quarter are approximately $200 million to $205 million, including a $9.6 million production order for the Handheld Radio Test Sets Program for the US Marine Corps.
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FAQ

What is the current stock price of Astronics (ATRO)?

The current stock price of Astronics (ATRO) is $15.89 as of December 20, 2024.

What is the market cap of Astronics (ATRO)?

The market cap of Astronics (ATRO) is approximately 557.9M.

What industries does Astronics Corp serve?

Astronics Corp serves the aerospace, defense, and electronics industries.

What are the main segments of Astronics Corp?

The main segments are Aerospace and Test Systems.

Which segment generates the most revenue for Astronics?

The Aerospace segment generates the majority of the company's revenue.

Where does Astronics primarily generate its revenue?

Astronics primarily generates its revenue from the United States.

What types of products does Astronics offer?

Astronics offers products in power, connectivity, lighting, structures, interiors, and testing technologies.

Who are Astronics' primary customers?

Astronics' primary customers are in commercial transport, military, and general aviation markets.

What recent achievements has Astronics made?

Astronics has developed integrated solutions for aerospace and defense, enhancing efficiency and reliability.

What are some subsidiaries of Astronics Corp?

Some subsidiaries include Astronics Advanced Electronic Systems, Astronics AeroSat, and Astronics Luminescent Systems.

How does Astronics contribute to everyday technology?

Astronics' innovations are present in commercial aircraft, defense systems, and consumer electronics.

Where can I learn more about Astronics?

You can learn more about Astronics at their website, www.astronics.com.

Astronics Corp

Nasdaq:ATRO

ATRO Rankings

ATRO Stock Data

557.85M
31.81M
2.15%
73.49%
1.01%
Aerospace & Defense
Aircraft Parts & Auxiliary Equipment, Nec
Link
United States of America
EAST AURORA