Astronics Corporation Reports 2023 Fourth Quarter and Full Year Financial Results
Fourth Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
- Fourth Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
Consolidated sales were up $37.1 million, or 23.5%. - Aerospace Fourth Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
Aerospace segment sales increased $30.4 million, or 22.0%, to $168.7 million. - Operating profit in the fourth quarter of 2023 was impacted by $2.7 million in non-cash bonuses compared with no bonuses in the prior-year period.
- During the teleconference, management will review the financial and operating results for the period and discuss Astronics’ corporate strategy and outlook.