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Astronics Corp (ATRO.OQ)

ATRO.OQ on NASDAQ Stock Exchange Global Select Market

32.97USD
25 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Astronics Provides 2019 Revenue Guidance For Aerospace Segment
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Astronics Corp ::ASTRONICS CORPORATION PROVIDES INITIAL 2019 REVENUE GUIDANCE FOR AEROSPACE SEGMENT.ASTRONICS CORP - EXPECTS 2019 AEROSPACE REVENUE OF $710 MILLION TO $745 MILLION.  Full Article

Press Release - Astronics Corp sells semiconductor system level test technology for $185 million
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Astronics Corp ::PRESS RELEASE - ASTRONICS CORPORATION SELLS SEMICONDUCTOR SYSTEM LEVEL TEST TECHNOLOGY FOR $185 MILLION.ASTRONICS CORP - DEAL FOR FOR $185 MILLION IN CASH.ASTRONICS CORP - SALE ADDITIONALLY INCLUDES A $30 MILLION EARN-OUT OPPORTUNITY BASED ON ACHIEVING CERTAIN LEVELS OF REVENUE IN 2019..ASTRONICS CORP - WILL CONTINUE TO OPERATE ITS AEROSPACE AND DEFENSE TEST BUSINESS AND REPORT IN TWO SEGMENTS.ASTRONICS - ABOUT 45 PERSONNEL FROM ASTRONICS, PRIMARILY IN ENGINEERING, SALES, AND PROGRAM MANAGEMENT, WILL BE OFFERED POSITIONS WITH ADVANTEST.ASTRONICS CORP - REMAINDER OF ASTRONICS WORKFORCE WILL BE UNAFFECTED BY TRANSACTION.  Full Article

Astronics Aerosat Receives China IFC Certification
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Astronics Corp ::ASTRONICS AEROSAT RECEIVES CHINA IFC CERTIFICATION.ASTRONICS - CO'S UNIT RECENTLY GOT CIVIL AVIATION ADMINISTRATION OF CHINA VALIDATION OF SUPPLEMENTAL TYPE CERTIFICATION OF ITS SATCOM CONNECTIVITY SYSTEM.  Full Article

Astronics Corp - Unit Selected By Multiple Asia-Pacific Airlines To Install Empower In Seat Power And Flight Deck Power Systems​
Monday, 2 Apr 2018 

April 2 (Reuters) - Astronics Corp ::UNIT SELECTED BY MULTIPLE ASIA-PACIFIC AIRLINES TO INSTALL EMPOWER IN SEAT POWER AND FLIGHT DECK POWER SYSTEMS​.  Full Article

Astronics Corp Sees FY 2018 Sales $745 Mln To $815 Mln
Tuesday, 27 Feb 2018 

Feb 26 (Reuters) - Astronics Corp ::ORATION REPORTS 2017 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS.SEES FY 2018 SALES $745 MILLION TO $815 MILLION.QTRLY ‍SALES $171.3 MILLION VERSUS $154.1 MILLION ​.‍CONSOLIDATED BACKLOG AT DECEMBER 31, 2017 WAS $393.7 MILLION​.‍CAPITAL EQUIPMENT SPENDING IN 2018 IS EXPECTED TO BE IN RANGE OF $24 MILLION TO $28 MILLION​.QTRLY LOSS PER SHARE $‍0.20​.Q4 REVENUE VIEW $174.2 MILLION -- THOMSON REUTERS I/B/E/S.‍CONSOLIDATED GROSS MARGIN WAS 18.8% IN Q4 OF 2017 COMPARED WITH 23.7% IN Q4 OF 2016​.  Full Article

Astronics CSC Awarded Systems Certification Contract By Air Esurfing For Chinese Airline Connectivity Systems
Tuesday, 13 Feb 2018 

Feb 12 (Reuters) - Astronics Corp ::ASTRONICS CSC AWARDED SYSTEMS CERTIFICATION CONTRACT BY AIR ESURFING FOR CHINESE AIRLINE CONNECTIVITY SYSTEMS.ASTRONICS CORP - STCS AND ASSOCIATED PRODUCTS TO SUPPORT CONNECTIVITY SYSTEMS FOR UP TO 300 AIRBUS AND BOEING AIRCRAFT.  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