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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.
Astronics Corporation (Nasdaq: ATRO) will release its first quarter 2023 financial results on May 9, 2023, after market close. Following the announcement, the Company will hold a conference call at 4:45 p.m. ET to discuss its financial and operational performance along with corporate strategies and outlook, which will be followed by a Q&A session. An archived replay of the call will be available until May 16, 2023, both via telephone and webcast. Astronics has over 50 years of experience providing technological solutions to the aerospace and defense sectors, focusing on innovative technologies that meet complex challenges. For more information, visit Astronics.com.
Astronics Corporation (Nasdaq: ATRO) has announced a significant contract win through its subsidiary, Astronics Test Systems. The company secured an indefinite delivery/indefinite quantity (IDIQ) award to supply portable radio test equipment for the U.S. Marine Corps' Handheld Radio Test Sets program, valued at approximately
Astronics Corporation (NASDAQ: ATRO) has unveiled its new reliability test solution for defense microelectronics, named TORCH (Thermally-controlled Operational Reliability Chip Tester). This automated system can simultaneously test up to 384 devices with independent profiles, streamlining the testing process for high-power RF devices like Gallium Nitride. TORCH eliminates the manual validation process, incorporates various test modes, and features an intuitive user interface for easy profile creation. Additionally, a demonstration of TORCH will take place at the GOMACTech Conference in San Diego, CA, from March 21-22, 2023.
Astronics Corporation (Nasdaq: ATRO) reported Q4 2022 sales of $158.2 million, a 36% increase from last year, with full-year sales at $534.9 million, up 20%. The company achieved record backlog of $571.4 million and a book-to-bill ratio of 1.15 in Q4. Despite a net loss of $6.8 million, adjusted EBITDA improved to $4.3 million. The company maintains 2023 revenue guidance of $640 million to $680 million, anticipating a 23% growth. CEO Peter J. Gundermann noted ongoing recovery in the aerospace market while acknowledging supply chain challenges.
Astronics Corporation (NASDAQ: ATRO) announced the appointment of Linda O’Brien to its Board of Directors, effective February 24, 2023. O’Brien is currently Vice President and Chief Engineer at Lockheed Martin Aeronautics, bringing significant aerospace experience. Her career includes various leadership roles at Lockheed/General Dynamics and Sikorsky Aircraft Company. This addition increases the board to nine members, with eight being independent. Chairman and CEO Peter J. Gundermann expressed confidence in O’Brien's ability to contribute to the company’s future.
Astronics Corporation (NASDAQ: ATRO) announced it will release its fourth quarter 2022 financial results after the market closes on March 2, 2023. A conference call will follow at 4:45 p.m. ET, where the company will discuss its financial and operational outcomes, along with its corporate strategies and outlook. Interested participants can join the call by phone or through a webcast available on the company's investor relations website. A replay of the call will be accessible from 7:45 p.m. ET on the same day until March 9, 2023.
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