Astronics Corporation (ATRO) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 94.44%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.04, delivering a surprise of -76.47%.Over the last four quarters, the compa ...

Exhibit 99.1 Astronics Corporation • 130 Commerce Way • East Aurora, NY • 14052-2164 For more information, contact: Company: Investor Relations: David C. Burney, Chief Financial Officer Deborah K. Pawlowski, Kei Advisors LLC Phone: (716) 805-1599, ext. 159 Phone: (716) 843-3908 Email: david.burney@astronics.com Email: dpawlowski@keiadvisors.com FOR IMMEDIATE RELEASE 1 Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter • Sales increased $40.8 million to $203.7 million, highest quarterly ...

Astronics Corporation (NASDAQ:ATRO) Q2 2024 Results Conference Call August 1, 2024 4:45 PM ET Company Participants Debra Pawlowski - Investor Relations Pete Gundermann - Chairman, President & Chief Executive Officer Dave Burney - Chief Financial Officer` Conference Call Participants Jon Tanwanteng - CJS Securities Michael Ciarmoli - Truist Scott Lewis - Lewis Capital Operator Good day, everyone, and welcome to the Astronics Corporation Second Quarter 2024 Financial Results Conference Call. All participants ...

Astronics Corporation (ATRO) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to loss of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -76.47%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced a loss of $0.09, delivering a surprise of -280%.Over the last four quarters, the company ...

Financial Performance - Sales grew 14% to $198.1 million in Q2 2024, compared to $174.5 million in Q2 2023[2] - Operating income increased to $7.6 million, or 3.8% of sales, up from $2.4 million, or 1.4% of sales, in the prior year[6] - Net income for the quarter was $1.5 million, or $0.04 per diluted share, compared to a net loss of $12.0 million, or $0.37 per diluted share, in the prior year[8] - Adjusted EBITDA grew 28% to $20.2 million, or 10.2% of sales, compared to $15.8 million, or 9.1% of sales, in the prior year[6] - Gross profit for Q2 2024 was $41.4 million, resulting in a gross margin of 20.9%, compared to 18.7% in Q2 2023[30] - Net income for Q2 2024 was $1.5 million, a significant improvement from a net loss of $12.0 million in Q2 2023[34] - Adjusted EBITDA for Q2 2024 was $20.2 million, with an adjusted EBITDA margin of 10.2%, up from 9.1% in Q2 2023[34] - Operating income for Q2 2024 was $7.6 million, leading to an operating margin of 3.8%, compared to 1.4% in Q2 2023[30] - The company reported a basic earnings per share of $0.04 for Q2 2024, compared to a loss of $0.37 per share in Q2 2023[30] - Astronics Corporation reported a net loss of $1,645,000 for the six months ended June 29, 2024, compared to a net loss of $16,414,000 for the same period in the previous year[39] - Cash flows from operating activities showed a net cash used of $4,223,000 for the six months ended June 29, 2024, significantly improved from $21,151,000 used in the same period last year[39] Sales and Backlog - Bookings in the quarter were $219.0 million, resulting in a record backlog of $633.4 million with a book-to-bill ratio of 1.11x[2] - Backlog at the end of Q2 2024 was a record $633.4 million, with approximately $402.3 million expected to ship in 2024[21] - Total consolidated sales for the three months ended June 29, 2024, were $198,114,000, representing a 13.6% increase from $174,454,000 in the same period last year[42] - Aerospace segment sales increased by 11.7% to $176,943,000 for the three months ended June 29, 2024, compared to $158,382,000 for the same period in 2023[46] - The military aircraft market saw a significant sales increase of 82.4% to $24,781,000 for the three months ended June 29, 2024, compared to $13,584,000 in the same period last year[45] - Total bookings for Q3 2023 were $176.0 million, with a book-to-bill ratio of 1.08 for Aerospace[49] - Total backlog as of Q3 2023 was $604.3 million, with Aerospace backlog at $513.9 million[49] - The backlog for Test Systems decreased to $90.4 million in Q3 2023[49] Segment Performance - Aerospace segment sales increased 11.7% to $176.9 million, driven by a 14.6% increase in Commercial Transport sales[10] - Test Systems segment sales were $21.2 million, up $5.1 million, primarily due to the U.S. Army TS-4549/T contract[12] - The operating profit for the Aerospace segment was $19,280,000, with a margin of 10.9%, up from $13,719,000 and a margin of 8.7% in the prior year[42] - The Test Systems segment reported sales of $21,171,000 for the three months ended June 29, 2024, a 31.7% increase from $16,072,000 in the same period last year[46] Guidance and Future Outlook - The company raised its 2024 revenue guidance to $780 million to $800 million, representing a 15% increase over 2023 sales[21] - The company expects continued growth in the aerospace sector, driven by increased demand in commercial transport and military aircraft markets[41] - The company continues to focus on improving operational efficiency and expanding its market presence through new product development and strategic initiatives[28] Capital Expenditures and Debt - Capital expenditures in Q2 2024 were $1.8 million, with net debt increasing to $174.0 million from $161.2 million at the end of 2023[18] - Capital expenditures for Q2 2024 were $1.8 million, down from $2.2 million in Q2 2023[30] - Long-term debt increased to $172.6 million as of June 29, 2024, compared to $159.2 million at the end of 2023[36] - Capital expenditures for the six months ended June 29, 2024, were $3,394,000, compared to $3,806,000 in the same period last year[39] Assets and Cash Position - Total assets as of June 29, 2024, were $644.9 million, an increase from $633.8 million at the end of 2023[36] - The company had cash and cash equivalents of $4,392,000 at the end of the period, slightly up from $4,294,000 at the end of the previous year[39]

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Northern Technologies International (NTIC) develops and markets proprietary environmentally beneficial products and technical services either directly or via a network of joint ventures and independent distributors in over fifty countries. The Zacks Consensus Estimate for its current year earnings has been revised 25.6% downward over the last 60 days.Astronics (ATRO) is a manufacturer of specialized lighting and electronics for the co ...

PPAMPicture/E+ via Getty Images I believe that the aerospace and defense industry has the potential to show market outperforming returns, and many stocks that I cover can outperform the markets. I believe that Astronics Corporation (NASDAQ:ATRO) has the same potential. However, since I assigned a buy rating to Astronics, the stock has been performing more in line with the market. In this report, I explain why I believe that this company has the potential to outperform. Astronics Margins Expand On Sales ...

Astronics Corporation (NASDAQ:ATRO) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Debbie Pawlowski - Investor Relations Pete Gundermann - Chairman, President & Chief Executive Officer Dave Burney - Chief Financial Officer` Conference Call Participants Michael Ciarmoli - Truist Jon Tanwanteng - CJS Securities Tony Bancroft - Gabelli Funds Operator Good day, and welcome to the Astronics Corporation First Quarter 2024 Financial Results Call. All participants will be in listen-onl ...

Financial Performance - Sales grew 18.2% to $185.1 million in the first quarter of 2024 compared to $156.5 million in the prior year[6] - Adjusted EBITDA increased to $19.1 million, or 10.3% of sales, up from $6.1 million, or 3.9% of sales in the prior year[8] - Consolidated net loss was $3.2 million, or $0.09 per diluted share, an improvement from a net loss of $4.4 million, or $0.14 per diluted share in the prior year[8] - Gross profit for the quarter was $34,191 thousand, with a gross margin of 18.5%, compared to a gross profit of $27,510 thousand and a margin of 17.6% in the prior year[29] - The net loss for the quarter was $3,178 thousand, improving from a net loss of $4,415 thousand in the same quarter of the previous year, resulting in a net loss margin of (1.7)% compared to (2.8)%[29] - Adjusted EBITDA for the quarter was $19,073 thousand, significantly up from $6,078 thousand in the prior year, with an adjusted EBITDA margin of 10.3%[33] - Corporate expenses and other increased to $7.8 million from $4.6 million in the prior year, impacting overall profitability[45] Sales and Backlog - Bookings for the quarter were $205.3 million, resulting in a record backlog of $612.5 million[2] - Backlog at the end of the first quarter included approximately $511.8 million expected to ship in 2024, representing about 86% of expected sales for the remainder of the year[19] - Total backlog as of March 30, 2024, was $612.5 million, reflecting an increase from $592.3 million in the previous quarter[49] - Book-to-bill ratio for the Aerospace segment was 1.13, indicating strong order intake relative to sales[49] Segment Performance - Aerospace segment sales increased 20.7% to $163.6 million, driven by a 28.9% increase in commercial transport sales[9] - Operating profit for the Aerospace segment was $12.1 million, with a margin of 7.4%, up from $4.1 million and a margin of 3.0% in the previous year[45] - Test Systems segment sales were $21.4 million, with a book-to-bill ratio of 0.93:1 for the quarter[14] - Test Systems segment reported sales of $21.4 million, a slight increase of 2.4% from $20.9 million, but incurred an operating loss of $3.1 million[45] - The company experienced a significant increase in sales from the Electrical Power & Motion product line, which rose by 55.5% to $83.1 million[46] Guidance and Future Outlook - The company is maintaining its 2024 revenue guidance of approximately $760 million to $795 million, representing a potential 13% increase over 2023 sales[19] - Planned capital expenditures for 2024 are expected to be in the range of $17 million to $22 million[19] Liquidity and Capital Structure - Available liquidity at the end of the quarter was $22.9 million, with net debt reduced to $160.0 million[17] - Cash and cash equivalents at the end of the period were $6,610 thousand, compared to $5,717 thousand at the end of the same period last year[39] - Accounts receivable and uncompleted contracts totaled $170,246 thousand, a decrease from $172,108 thousand at the end of 2023[36] - Inventories increased to $199,497 thousand from $191,801 thousand at the end of 2023, indicating a rise of 4.4%[36] - Total assets decreased to $629,964 thousand from $633,792 thousand at the end of 2023[36] Interest and Expenses - The company reported interest expense of $5,759 thousand, up from $5,470 thousand in the previous year[33] - Interest expenses increased to $5.8 million from $5.5 million year-over-year[45] - Capital expenditures for the quarter were $1,598 thousand, slightly higher than $1,573 thousand in the same period last year[39]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ Form 10-K ___________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to __________ Commission File Number 0-7087 ...