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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) reported a 5% increase in quarterly sales to $111.8 million compared to last year. Despite a net loss of $7.2 million, the company noted sequential improvement in losses through 2021. Adjusted EBITDA rose to $2.8 million. Bookings surged by 88% year-over-year, totaling $153.5 million, achieving a book-to-bill ratio of 1.37. Although supply chain issues impacted sales by approximately $10 million, the company anticipates stronger demand going into Q4 2021.
Astronics Corporation (Nasdaq: ATRO) will release its third quarter 2021 financial results before the market opens on November 8, 2021. Following the release, a conference call and webcast will be held to discuss the financial and operational results, along with corporate strategies and future outlook. A replay of the call will be accessible from 2:00 p.m. ET on the same day until November 15, 2021. The company focuses on providing innovative technology solutions for aerospace, defense, and mission-critical industries.
Astronics Corporation (Nasdaq: ATRO) has completed the sale of its Ft. Lauderdale facility for $9.1 million, with net proceeds of approximately $8.7 million. The company expects a $5 million gain in Q4 2021 from this transaction. Additionally, Astronics secured a grant of up to $14.7 million from the U.S. Department of Transportation, having already received $7.3 million. The grant will support employee retention and provide a gross profit contribution of $1.1 million in Q3 2021 and $7.3 million in Q4 2021.
Astronics Corporation (NASDAQ: ATRO) announced a $19 million order from Collins Aerospace for business jet connectivity equipment, scheduled for delivery in 2022. This follows an earlier order worth approximately $11 million announced in February 2021. The increasing demand for Collins’ Ku-band connectivity service highlights the success of Astronics' connectivity hardware. Astronics is committed to developing innovative technology solutions for aerospace and defense industries, emphasizing customer collaboration.
Astronics Corporation (Nasdaq: ATRO) reported its Q2 2021 financial results, highlighting a sales decline of 10.1% to $111.2 million, and a net loss reduced by 65.7% to $8.1 million, or $0.26 per diluted share. The aerospace segment experienced a 13% sales decrease to $89.2 million, yet achieved a solid book-to-bill ratio of 1.32. Despite ongoing supply chain pressures, Q2 bookings reached $126.3 million, leading to a backlog of $312.7 million. The company anticipates improved sales in the second half of 2021, projecting approximately $240 million in revenue.
Astronics Corporation (Nasdaq: ATRO) will present at the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021. The presentation, featuring Chairman and CEO Peter J. Gundermann and CFO David C. Burney, is scheduled for 4:00 p.m. Eastern Time. A live webcast will be accessible on the company's website, and an archive will be available for 90 days post-conference. Astronics specializes in advanced technology solutions for the aerospace and defense sectors, providing innovative solutions for over 50 years.
Astronics Corporation (Nasdaq: ATRO) will announce its second quarter 2021 financial results on August 6, 2021, before market opening. The company will conduct a conference call at 11:00 a.m. ET that same day, discussing financial and operational insights, along with corporate strategies and future outlook. Investors can join the call via phone or webcast, with a replay available until August 13, 2021. Astronics specializes in advanced technologies for aerospace and defense, focusing on customer-centric solutions to enhance value in mission-critical industries.
Astronics Corporation (Nasdaq: ATRO) has secured a $6 million contract from 3Oe Scientific Inc. to manufacture the Iggy™ hand rinsing device. This innovative device utilizes aqueous ozone, a natural disinfectant, to enhance hand hygiene without chemicals. Iggy™ effectively eliminates pathogens, including the coronavirus, with a 99.9% efficacy rate in 7 seconds. The initial order aims to supply devices to schools, with potential applications in healthcare and public health. Astronics emphasizes its commitment to supporting public health through this partnership.
Astronics Corporation (Nasdaq: ATRO) reported its Q1 2021 financial results, revealing revenues of $105.9 million, a 32.8% decline year-over-year. The company recorded a net loss of $11.9 million and an adjusted EBITDA loss of $0.5 million. Aerospace bookings increased by 36% sequentially, achieving a book-to-bill ratio of 1.23, signaling potential recovery as the pandemic eases. Commercial aerospace revenue was $38.2 million, while defense markets saw strong sales at $45.4 million. Liquidity remains stable with $173 million drawn on credit lines and compliance with debt covenants.
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