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Astronics Corp (ATRO.OQ)

ATRO.OQ on NASDAQ Stock Exchange Global Select Market

29.89USD
15 Oct 2019
Change (% chg)

$0.48 (+1.63%)
Prev Close
$29.41
Open
$29.42
Day's High
$29.94
Day's Low
$29.35
Volume
48,700
Avg. Vol
134,746
52-wk High
$44.21
52-wk Low
$25.85

Latest Key Developments (Source: Significant Developments)

Astronics Acquires Mass Transit Test Solution Provider Diagnosys Test Systems
Friday, 4 Oct 2019 

Oct 4 (Reuters) - Astronics Corp ::ASTRONICS ACQUIRES MASS TRANSIT TEST SOLUTION PROVIDER DIAGNOSYS TEST SYSTEMS.ASTRONICS - ACQUIRED 100% OF EQUITY OF THREE PRIMARY OPERATING SUBSIDIARIES OF DIAGNOSYS FOR $7 MILLION IN CASH.ASTRONICS - TERMS OF ACQUISITION ALLOW FOR A POTENTIAL EARN-OUT OF UP TO AN ADDITIONAL $13 MILLION OVER NEXT THREE YEARS BASED ON CERTAIN ACHIEVEMENTS.  Full Article

Astronics Q2 Earnings Per Share $0.20
Monday, 5 Aug 2019 

Astronics Corp ::ORATION REPORTS 2019 SECOND QUARTER FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $0.20.Q2 SALES $189.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $188.8 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.37 -- REFINITIV IBES DATA.UPDATED OUTLOOK FOR 2019 REFLECTS RESCHEDULED PROGRAMS, DELAYED BUSINESS JET ANTENNA PROGRAM AND 737 MAX GROUNDING.BACKLOG AT END OF QUARTER WAS $380 MILLION.FY CONSOLIDATED SALES ARE EXPECTED TO BE IN RANGE OF $740 MILLION TO $775 MILLION.OUTLOOK FOR SECOND HALF OF YEAR IS WEAKER THAN PREVIOUS EXPECTATIONS AS BUSINESS JET ANTENNA PROGRAM WAS DELAYED.ASTRONICS-EXPECT RESTRUCTURING INITIATIVES COMPLETED IN Q2 WILL GENERATE ABOUT $8 MILLION-$9 MILLION IN ANNUAL SAVINGS THAT SHOULD BE REALIZED BEGINNING IN Q3.APPROXIMATELY 70% OF BACKLOG IS EXPECTED TO SHIP IN 2019.CAPITAL EQUIPMENT SPENDING IN 2019 IS EXPECTED TO BE BETWEEN $22 MILLION TO $28 MILLION.ASTRONICS - ABOUT 5% REDUCTION AT MID-POINT OF EXPECTATIONS IN 2019 FOR AEROSPACE UNIT REFLECTS IMPACT OF DELAY OF BUSINESS JET ANTENNA PROGRAM, SATELLITE FAILURE.  Full Article

Astronics Signs Definitive Agreement To Sell Its Airfield Lighting Product Line
Tuesday, 9 Jul 2019 

July 8 (Reuters) - Astronics Corp ::ASTRONICS SIGNS DEFINITIVE AGREEMENT TO SELL ITS AIRFIELD LIGHTING PRODUCT LINE.ASTRONICS CORP - HUGHEY & PHILLIPS, LLC, WILL ACQUIRE AIRFIELD LIGHTING PRODUCT LINE FROM ASTRONICS.ASTRONICS CORP - AIRFIELD LIGHTING PRODUCT LINE COMPRISED LESS THAN 1% OF OUR 2018 REVENUE.ASTRONICS CORP - AIRFIELD LIGHTING PRODUCT LINE NO LONGER FITS WITHIN OUR CORE OFFERINGS..  Full Article

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