Edition:
India

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​. 

Company Quote

33.28
0.15 +0.45%
8:28pm IST