Astronics Corp - ATRO STOCK NEWS

Astronics Corporation (NASDAQ: ATRO) has expanded its CorePower product portfolio to cater to the electric aircraft sector. The new offerings include high voltage power conversion products and solid-state switching devices, focused on enhancing efficiency and reliability for both commercial and military applications. This development aligns with the industry's shift towards More Electric Aircraft (MEA) architectures, promoting reduced carbon emissions and noise pollution. The advanced capabilities support longer ranges and increased payload capacities, reinforcing Astronics' commitment to sustainable aviation solutions.

Astronics Corporation (Nasdaq: ATRO) reports Q1 2022 sales of $116.2 million, up 10% year-over-year, with a pretax income of $5.0 million, recovering from an $11.8 million loss last year. Bookings surged to $175.6 million, a 46% increase, achieving a book-to-bill ratio of 1.51. Backlog reached a record $475.1 million. Despite strong demand, supply chain issues delayed approximately $15 million in revenue. The company maintains its revenue guidance of $550 million to $600 million for the year, with Q2 revenue expectations between $125 million and $135 million.

Astronics Corporation (Nasdaq: ATRO) will announce its first quarter 2022 financial results before markets open on May 6, 2022. A conference call and webcast will follow at 11:00 a.m. ET to discuss results and corporate strategies. The call will include a question-and-answer session. A replay will be accessible from 2:00 p.m. ET on the same day through May 13, 2022. Astronics serves the aerospace and defense industries with innovative technology solutions, aiming to provide exceptional customer-focused services for over 50 years.

Astronics Corporation (ATRO) reported fourth-quarter sales of $116.1 million, slightly up from $114.8 million year-over-year, despite ongoing COVID-19 impacts. Bookings surged 53% to $177.3 million, elevating the year-end backlog to a record $415.7 million. The company recorded a pre-tax loss of $0.2 million but achieved a net income of $1.6 million. Initial revenue guidance for 2022 is set between $550 million and $600 million.

Astronics Corporation (Nasdaq: ATRO) will announce its fourth quarter 2021 financial results before the stock market opening on March 2, 2022. A conference call is scheduled for the same day at 11:00 a.m. ET, where the company will discuss its financial performance and strategic outlook. A telephonic replay will be available from 2:00 p.m. ET on March 2 through March 9, 2022. Astronics serves the aerospace and defense sectors with advanced technology solutions, emphasizing customer collaboration and innovation.

Astronics Corporation (Nasdaq: ATRO) congratulates Textron Aviation on the first flight of the Beechcraft Denali turboprop, featuring several Astronics products. These include advanced power systems, exterior lighting, and the Max-Viz 1400 Enhanced Vision System. Mark Peabody, President of Astronics Aerospace Segment, emphasized the innovation in the Denali program, enhancing performance for smaller aircraft. Astronics specializes in aerospace technology solutions, contributing to power generation and custom avionics.

Astronics Corporation (NASDAQ: ATRO) reported preliminary revenue of $116 million for Q4 2021, with total sales for the year reaching $445 million. Preliminary bookings for Q4 were $177 million, resulting in a book-to-bill ratio of 1.5. Total cash proceeds exceeding $50 million are anticipated, bolstered by grants and facility sales. However, the company faces potential liabilities of $8 million to $10 million from a U.K. intellectual property ruling against it, stemming from an ongoing dispute with Lufthansa Technik.

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for aerospace and defense industries, will present at the 24th Annual Needham Virtual Growth Conference on January 10, 2022, at 4:15 p.m. Eastern Time. The live webcast will be available on their website, and a replay will be accessible afterward in the Investors section. Astronics has spent over 50 years delivering innovative technology solutions, focusing on power, connectivity, and lighting among other areas, catering to aircraft manufacturers and military clients globally.

Astronics Corporation (NASDAQ: ATRO) has launched the new ATS-5000 Series of Functional Test and Support Solutions, designed to enhance operational efficiency for various sectors including transit, airlines, and defense. This innovative platform combines advanced architecture, instrumentation, and software to facilitate in-house design verification and diagnostics, thereby reducing costly downtime. The modular design promotes ease of training and long-term adaptability, making it a valuable asset for users such as mass transit systems and avionics manufacturers.