Astronics Corp
NASDAQ:ATRO

  • LAST PRICE
    18.0900
  • TODAY'S CHANGE (%)
    -0.0400 (-0.2206%)
  • Bid / Lots
    17.5200/ 1
  • Ask / Lots
    18.5600/ 1
  • Open / Previous Close
    18.0300 / 18.1300
  • Day Range
    18.0000
    18.6650
  • 52 Week Range
    14.1100
    23.7400
  • Volume
    264,141

Search Criteria

Click on magnifying glass icon to search

CompanyCountrySymbol

TD Direct Investing offers more research reports than any other discount brokerage in Canada. Provided from the industry's most trusted sources, our service includes timely, relevant information for the current trading day and comprehensive industry, sector, and insider trading reports for further analysis.

Open a New Account, or Login if you're a client.

  • Nov 6, 2024

      Show headlines and story abstract

    • 4:38PM ET on Wednesday Nov 06, 2024 by MT Newswires
      Companies Mentioned: ATRO
      04:38 PM EST, 11/06/2024 (MT Newswires) -- ...

    • 4:38PM ET on Wednesday Nov 06, 2024 by MT Newswires
      Companies Mentioned: ATRO
      04:38 PM EST, 11/06/2024 (MT Newswires) -- ...

    • 4:15PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: ATRO
      Aircraft 21,685 16,687 30.0% 63,545 44,335 43.3% 10.8% General Aviation 18,077 16,193 11.6% 56,643 60,656 (6.6)% 9.7% Other 3,942 7,500 (47.4)% 14,268 23,076 (38.2)% 2.4% ------- ------- ------ ------- ------- ------ ---- Aerospace Total 177,554 142,104 24.9% 518,135 436,083 18.8% 88.3% Test Systems Segment(1) Government & Defense 26,144 20,818 25.6% 68,751 57,831 18.9% 11.7% ------- ------- ------ ------- ------- ------ ---- Total Sales $ 203,698 $ 162,922 25.0% $ 586,886 $ 493,914 18.8% ======= ======= ====== ======= ======= ====== SALES BY PRODUCT LINE ------------------------------------------------------------------------------------------------------- (Unaudited, $ in thousands) Three Months Ended Nine Months Ended 2024 YTD ------------------------------------ ------------------------------------ --------- % of 9/28/2024 9/30/2023 % Change 9/28/2024 9/30/2023 % Change Sales ----------- ----------- ---------- ----------- ----------- ---------- --------- Aerospace Segment Electrical Power & Motion $ 90,467 $ 64,312 40.7% $ 263,919 $ 185,712 42.1% 45.0% Lighting & Safety 46,921 38,496 21.9% 135,162 116,967 15.6% 23.0% Avionics 29,151 22,347 30.4% 83,716 83,011 0.8% 14.3% Systems Certification 4,460 6,535 (31.8)% 12,272 19,832 (38.1)% 2.1% Structures 2,613 2,914 (10.3)% 8,798 7,485 17.5% 1.5% Other 3,942 7,500 (47.4)% 14,268 23,076 (38.2)% 2.4% ------- ------- ------ ------- ------- ------ ---- Aerospace Total 177,554 142,104 24.9% 518,135 436,083 18.8% 88.3% Test Systems Segment(1) 26,144 20,818 25.6% 68,751 57,831 18.9% 11.7% ------- ------- ------ ------- ------- ------ ---- Total Sales $ 203,698 $ 162,922 25.0% $ 586,886 $ 493,914 18.8% ======= ======= ====== ======= ======= ====== (1) Test Systems sales in the nine months ended September 30, 2023 included a $5.8 million reversal of a deferred revenue liability recorded with a previous acquisition. ASTRONICS CORPORATION ORDER AND BACKLOG TREND -------------------------------------------------------------------------------- (Unaudited, $ in thousands) Trailing Twelve Q4 2023 Q1 2024 Q2 2024 Q3 2024 Months 9/30/2023 12/31/2023 3/30/2024 9/28/2024 9/28/2024 ----------- ------------ ----------- ----------- ------------ Sales Aerospace $ 168,747 $ 163,638 $ 176,943 $ 177,554 $ 686,882 Test Systems 26,545 21,436 21,171 26,144 95,296 ------- -------- ------- ------- ----------- Total Sales $ 195,292 $ 185,074 $ 198,114 $ 203,698 $ 782,178 ------- -------- ------- ------- ----------- Bookings Aerospace $ 172,106 $ 184,149 $ 192,515 $ 173,569 $ 722,339 Test Systems 11,176 19,986 26,359 15,597 73,118 ------- -------- ------- ------- ----------- Total Bookings $ 183,282 $ 204,135 $ 218,874 $ 189,166 $ 795,457 ------- -------- ------- ------- ----------- Backlog Aerospace(1) $ 511,540 $ 532,051 $ 547,623 $ 543,638 Test Systems 75,036 73,586 78,774 68,227 ------- -------- ------- ------- ------------ Total Backlog $ 586,576 $ 605,637 $ 626,397 $ 611,865 N/A ------- -------- ------- ------- ----------- Book:Bill Ratio Aerospace 1.02 1.13 1.09 0.98 1.05 Test Systems 0.42 0.93 1.25 0.60 0.77 ------- -------- ------- ------- ----------- Total Book:Bill 0.94 1.10 1.10 0.93 1.02 ------- -------- ------- ------- ----------- (1) In October of 2024, a customer reported within the Aerospace segment declared bankruptcy. Aerospace and Total Backlog included $9.3 million related to that customer. In the table and bar chart presented above, Aerospace and Total Bookings was reduced by $9.3 million, in the periods in which the original bookings occurred. While the customer has not cancelled those orders and seeks to reorganize and continue operations, we have removed all outstanding backlog until additional information is available to confirm whether those orders are expected to be satisfied. For a customer bankruptcy that occurred during 2023, Aerospace and Total Bookings of $2.6 million and $17.2 million was removed in second and third quarters of 2021, respectively.

    • 4:15PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: ATRO
      Aircraft 21,685 16,687 30.0% 63,545 44,335 43.3% 10.8% General Aviation 18,077 16,193 11.6% 56,643 60,656 (6.6)% 9.7% Other 3,942 7,500 (47.4)% 14,268 23,076 (38.2)% 2.4% ------- ------- ------ ------- ------- ------ ---- Aerospace Total 177,554 142,104 24.9% 518,135 436,083 18.8% 88.3% Test Systems Segment(1) Government & Defense 26,144 20,818 25.6% 68,751 57,831 18.9% 11.7% ------- ------- ------ ------- ------- ------ ---- Total Sales $ 203,698 $ 162,922 25.0% $ 586,886 $ 493,914 18.8% ======= ======= ====== ======= ======= ====== SALES BY PRODUCT LINE ------------------------------------------------------------------------------------------------------- (Unaudited, $ in thousands) Three Months Ended Nine Months Ended 2024 YTD ------------------------------------ ------------------------------------ --------- % of 9/28/2024 9/30/2023 % Change 9/28/2024 9/30/2023 % Change Sales ----------- ----------- ---------- ----------- ----------- ---------- --------- Aerospace Segment Electrical Power & Motion $ 90,467 $ 64,312 40.7% $ 263,919 $ 185,712 42.1% 45.0% Lighting & Safety 46,921 38,496 21.9% 135,162 116,967 15.6% 23.0% Avionics 29,151 22,347 30.4% 83,716 83,011 0.8% 14.3% Systems Certification 4,460 6,535 (31.8)% 12,272 19,832 (38.1)% 2.1% Structures 2,613 2,914 (10.3)% 8,798 7,485 17.5% 1.5% Other 3,942 7,500 (47.4)% 14,268 23,076 (38.2)% 2.4% ------- ------- ------ ------- ------- ------ ---- Aerospace Total 177,554 142,104 24.9% 518,135 436,083 18.8% 88.3% Test Systems Segment(1) 26,144 20,818 25.6% 68,751 57,831 18.9% 11.7% ------- ------- ------ ------- ------- ------ ---- Total Sales $ 203,698 $ 162,922 25.0% $ 586,886 $ 493,914 18.8% ======= ======= ====== ======= ======= ====== (1) Test Systems sales in the nine months ended September 30, 2023 included a $5.8 million reversal of a deferred revenue liability recorded with a previous acquisition. ASTRONICS CORPORATION ORDER AND BACKLOG TREND -------------------------------------------------------------------------------- (Unaudited, $ in thousands) Trailing Twelve Q4 2023 Q1 2024 Q2 2024 Q3 2024 Months 9/30/2023 12/31/2023 3/30/2024 9/28/2024 9/28/2024 ----------- ------------ ----------- ----------- ------------ Sales Aerospace $ 168,747 $ 163,638 $ 176,943 $ 177,554 $ 686,882 Test Systems 26,545 21,436 21,171 26,144 95,296 ------- -------- ------- ------- ----------- Total Sales $ 195,292 $ 185,074 $ 198,114 $ 203,698 $ 782,178 ------- -------- ------- ------- ----------- Bookings Aerospace $ 172,106 $ 184,149 $ 192,515 $ 173,569 $ 722,339 Test Systems 11,176 19,986 26,359 15,597 73,118 ------- -------- ------- ------- ----------- Total Bookings $ 183,282 $ 204,135 $ 218,874 $ 189,166 $ 795,457 ------- -------- ------- ------- ----------- Backlog Aerospace(1) $ 511,540 $ 532,051 $ 547,623 $ 543,638 Test Systems 75,036 73,586 78,774 68,227 ------- -------- ------- ------- ------------ Total Backlog $ 586,576 $ 605,637 $ 626,397 $ 611,865 N/A ------- -------- ------- ------- ----------- Book:Bill Ratio Aerospace 1.02 1.13 1.09 0.98 1.05 Test Systems 0.42 0.93 1.25 0.60 0.77 ------- -------- ------- ------- ----------- Total Book:Bill 0.94 1.10 1.10 0.93 1.02 ------- -------- ------- ------- ----------- (1) In October of 2024, a customer reported within the Aerospace segment declared bankruptcy. Aerospace and Total Backlog included $9.3 million related to that customer. In the table and bar chart presented above, Aerospace and Total Bookings was reduced by $9.3 million, in the periods in which the original bookings occurred. While the customer has not cancelled those orders and seeks to reorganize and continue operations, we have removed all outstanding backlog until additional information is available to confirm whether those orders are expected to be satisfied. For a customer bankruptcy that occurred during 2023, Aerospace and Total Bookings of $2.6 million and $17.2 million was removed in second and third quarters of 2021, respectively.

  • Oct 25, 2024

Peers Headlines