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Astronics Corp (ATRO.OQ)

ATRO.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Astronics PECO Receives Contract Extension With Boeing
Thursday, 7 Mar 2019 

March 7 (Reuters) - Astronics Corp ::ASTRONICS PECO RECEIVES CONTRACT EXTENSION WITH BOEING TO PROVIDE INTERIOR AND STRUCTURAL COMPONENTS.ASTRONICS CORP - PRODUCTS WILL SERVE ON A VARIETY OF BOEING AIRCRAFT, INCLUDING BOEING 737, 747, 767, 777 AND KC-46 MODELS..  Full Article

Astronics Corporation Reports Q4 And FY Results
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Astronics Corp ::ORATION REPORTS 2018 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS.SEES FY 2019 SALES $760 MILLION TO $805 MILLION.Q4 SALES $203 MILLION VERSUS REFINITIV IBES ESTIMATE OF $195.1 MILLION.QTRLY LOSS PER SHARE $0.37.TOTAL BACKLOG $415.52 MILLION AS OF 31 DEC 2018.Q4 EARNINGS PER SHARE VIEW $0.36 -- REFINITIV IBES DATA.Q4 REVENUE VIEW $195.1 MILLION -- REFINITIV IBES DATA.  Full Article

Astronics Corp To Sell Semiconductor Test Business For $100 Mln
Wednesday, 20 Feb 2019 

Feb 19 (Reuters) - Astronics Corp ::ASTRONICS CORP - ON FEBRUARY 13, 2019, ENTERED INTO AMENDED & RESTATED ASSET PURCHASE AGREEMENT BY AND AMONG ASTRONICS TEST SYSTEMS, CO AND ADVANTEST.ASTRONICS CORP - TO SELL SEMICONDUCTOR TEST BUSINESS FOR $100 MILLION IN CASH, WITH POTENTIAL FOR A $35 MILLION EARN-OUT OVER NEXT 4 YEARS.  Full Article

Astronics Test Systems To Provide Major Test Program For Transportation Industry
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Astronics Corp ::ASTRONICS TEST SYSTEMS TO PROVIDE MAJOR TEST PROGRAM FOR TRANSPORTATION INDUSTRY.ASTRONICS - EXPECTS TO FINALIZE REMAINING TERMS OF CONTRACT & RECEIVE FORMAL CONTRACT AWARD WITHIN 60 DAYS.ASTRONICS - LOI PROVIDES FOR ANTICIPATED PROGRAM VALUE OF ABOUT $30 MILLION WITH ADDITIONAL OPTIONS FOR TOTAL VALUE OF ABOUT $50 MILLION OVER NEXT 5 YEARS.  Full Article

Astronics Announces 15 Pct Class B Stock Distribution
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Astronics Corp ::ASTRONICS ANNOUNCES 15% CLASS B STOCK DISTRIBUTION.ASTRONICS CORP SAYS AFTER DISTRIBUTION, ABOUT 21.5 MILLION COMMON AND 10.8 MILLION CLASS B SHARES EXPECTED TO BE OUTSTANDING.  Full Article

Astronics Corp Announces 2017 Q4 Bookings And Updated 2018 Revenue Guidance
Friday, 12 Jan 2018 

Jan 11 (Reuters) - Astronics Corp ::ORATION ANNOUNCES 2017 FOURTH QUARTER BOOKINGS AND UPDATED 2018 REVENUE GUIDANCE.SEES FY 2018 REVENUE $745 MILLION TO $815 MILLION.- EXPECTS TO RECORD NON-CASH IMPAIRMENT CHARGE OF APPROXIMATELY $16 MILLION IN Q4 OF 2017.  Full Article

Astronics Says CEO To Monetize A Portion Of His Equity Position In Co's Common Stock
Thursday, 21 Dec 2017 

Dec 20 (Reuters) - Astronics Corp ::ASTRONICS SAYS CEO PETER GUNDERMANN HAS DETERMINED TO MONETIZE A PORTION OF HIS EQUITY POSITION IN CO'S COMMON STOCK - SEC FILING.ASTRONICS - GUNDERMANN ADOPTED WRITTEN PLAN ON DEC 15 UNDER WHICH HE WILL PLACE ORDERS TO SELL UP TO MAXIMUM OF 71,322 SHARES OF CO'S COMMON STOCK.ASTRONICS - GUNDERMANN TO SELL MAXIMUM OF 71,322 SHARES BY WAY OF WEEKLY SALES ORDERS BEGINNING FEBRUARY 2, 2018 AND ENDING OCTOBER 12, 2018.  Full Article

Astronics Corp Announces $50 Million Share Repurchase Plan
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Astronics Corp ::ASTRONICS CORPORATION ANNOUNCES $50 MILLION SHARE REPURCHASE PLAN.ASTRONICS CORP - ‍ PURCHASES ARE EXPECTED TO BE FUNDED BY COMPANY'S OPERATING CASH FLOWS AND REVOLVING CREDIT FACILITY​.  Full Article

Astronics Corporation reports Q3 earnings per share $0.21
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Astronics Corp :Astronics Corporation reports 2017 third quarter financial results and issues preliminary guidance for 2018.Q3 earnings per share $0.21.Q3 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Sees FY 2018 revenue $675 million to $750 million.Astronics Corp qtrly ‍consolidated gross margin was 21.7% in Q3 of 2017 compared with 24.9% in Q3 of 2016​.Astronics Corp - ‍aerospace backlog was $233.2 million at end of q3 2017​.Astronics Corp qtrly ‍consolidated sales were $149.6 million, down $5.5 million from same period last year.Astronics Corp - ‍consolidated backlog at September 30, 2017 was $302.3 million, of which about $148.5 million is expected to ship in 2017​.Astronics Corp - ‍consolidated annual sales in 2017 expected to be in range of $622 million to $636 million​.Astronics Corp - ‍capital equipment spending in 2017 expected to be in range of $17 million to $19 million​.Astronics Corp - ‍Q3 results were a continuation of challenges we have had throughout 2017​.Astronics Corp - qtrly ‍consolidated revenue was nonetheless weaker than expected as programs continued to shift to right​.Astronics Corp - qtrly ‍operating margin and net income were "negatively" impacted​.Astronics Corp - ‍initial guidance for next year anticipates organic growth of well over 10%​.Astronics Corp - expect ‍acquisition of Telefonix PDT to close in next several weeks​.Astronics Corp - ‍anticipate co will revise 2018 revenue range upward before year begins​.  Full Article

Astronics acquires Telefonix
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Astronics Corp :Astronics Corporation announces acquisition of Telefonix Inc.Astronics Corp - Deal for ‍approximately $104 million in cash​.Astronics Corp - Deal for ‍$104 million in cash​.Astronics Corp - ‍Acquisition is expected to be accretive to earnings in 2018​.Astronics - ‍Impact of deal on 2017 earnings will depend on closing date and one-time deal related charges, but is expected to be nominal​.Astronics Corp - ‍ Purchase price of deal funded with Astronics' senior revolving credit facility​.Astronics - ‍ Entered into definitive agreement to acquire substantially all of assets of Telefonix and related co, product development technologies​.  Full Article