Astronics Corporation

Astronics Corporation Reports 2023 Fourth Quarter and Full Year Financial Results

Retrieved on: 
Wednesday, February 28, 2024
Defense, Aerospace, Manufacturing, Other Manufacturing, Other Defense, Contracts, Aircraft, OEM, Forecasting, Absorption, Astronics Corporation, Growth, Radio, Adjustment, Capital expenditure, GAAP, Consolidated, Military aircraft, Public expenditure, Capital, General aviation, Pharmaceutical industry

Fourth Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)

Key Points: 
  • 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.

Astronics Corporation Announces Fourth Quarter 2023 Financial Results Conference Call and Webcast

Retrieved on: 
Thursday, February 15, 2024
Other Transport, Government Technology, Aerospace, Manufacturing, Defense, Air, Transport, Other Technology, Other Defense, Software, Hardware, Electronic Design Automation, Data Management, Technology, Public Relations, Investor Relations, Other Manufacturing, Military, Communications, Engineering, Astronics Corporation

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its fourth quarter 2023 financial results after the close of financial markets on Wednesday, February 28, 2024.

Key Points: 
  • Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its fourth quarter 2023 financial results after the close of financial markets on Wednesday, February 28, 2024.
  • The Company will host a conference call and webcast that same day to review its financial and operating results and discuss its corporate strategies and outlook.
  • A question-and-answer session will follow.

Astronics Corporation to Webcast Presentation at the Needham Growth Conference

Retrieved on: 
Wednesday, January 10, 2024
Aerospace, Technology, Manufacturing, Other Transport, Air, Transport, Other Manufacturing, Other Defense, Defense, Engineering, Electronic Design Automation, Astronics Corporation, Conference, Webcast

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, will host a presentation at the Needham Growth Conference on Wednesday, January 17, 2024.

Key Points: 
  • Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, will host a presentation at the Needham Growth Conference on Wednesday, January 17, 2024.
  • The Astronics presentation is scheduled to begin at 8:00 a.m. Eastern Time.
  • A live webcast of the presentation, along with presentation materials, will be available at www.astronics.com .
  • A replay of the webcast will be available after the event in the Investors section of the Company’s website.

Astronics Corporation Announces Preliminary Unaudited Revenue for Fourth Quarter 2023 and Initiates Revenue Guidance for 2024

Retrieved on: 
Tuesday, January 9, 2024
Other Defense, Electronic Design Automation, Technology, Defense, Other Manufacturing, Other Transport, Engineering, Air, Transport, Aerospace, Manufacturing, Military, Astronics Corporation, Workforce, Growth

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced its fourth quarter 2023 preliminary unaudited revenue was $193 million to $195 million.

Key Points: 
  • Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced its fourth quarter 2023 preliminary unaudited revenue was $193 million to $195 million.
  • At the mid-point of the range, preliminary revenue was up 23% over the prior-year period and up 19% over the trailing third quarter.
  • Full year preliminary unaudited revenue for 2023 was approximately $688 million.
  • Preliminary bookings in the quarter were $185 million bringing orders for the full year to approximately $726 million.

Astronics Corporation to Webcast Presentation at the CJS New Ideas Conference

Retrieved on: 
Wednesday, January 3, 2024
Aerospace, Technology, Manufacturing, Other Transport, Air, Transport, Other Manufacturing, Other Defense, Defense, Engineering, Electronic Design Automation, CJS, Astronics Corporation, Webcast

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and David C. Burney, Executive Vice President and Chief Financial Officer, will host a presentation at the at the CJS Securities 24th Annual "New Ideas for the New Year" virtual conference on Wednesday, January 10, 2024.

Key Points: 
  • Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced that Peter J. Gundermann, Chairman, President and Chief Executive Officer, and David C. Burney, Executive Vice President and Chief Financial Officer, will host a presentation at the at the CJS Securities 24th Annual "New Ideas for the New Year" virtual conference on Wednesday, January 10, 2024.
  • The Astronics presentation is scheduled to begin at 11:45 a.m. Eastern Time.
  • A live webcast of the presentation, along with presentation materials, will be available at www.astronics.com .
  • A replay of the webcast will be available after the event in the Investors section of the Company’s website.

In-flight Entertainment & Connectivity Market is Forecast to Reach US$ 7.9 Billion in 2028, Says Stratview Research

Retrieved on: 
Wednesday, December 27, 2023
OEM, Go go, OE, Astronics Corporation, Panasonic, Airline

DETROIT, Dec. 27, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the global In-Flight Entertainment & Connectivity Market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

Key Points: 
  • The global In-Flight Entertainment & Connectivity Market is segmented based on aircraft type, product type, end-user type, sales channel type, and region.
  • Based on the aircraft type - The IFEC market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets.
  • Wide-body aircraft is expected to be the fastest-growing aircraft type in the market during the forecast period.
  • For Customization or Any Other Queries, Get in Touch with Our Industry Experts at [email protected]
    Top 5 Companies in the In-Flight Entertainment & Connectivity Market?

In-flight Entertainment & Connectivity Market is Forecast to Reach US$ 7.9 Billion in 2028, Says Stratview Research

Retrieved on: 
Wednesday, December 27, 2023
OEM, Go go, OE, Astronics Corporation, Panasonic, Airline

DETROIT, Dec. 27, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the global In-Flight Entertainment & Connectivity Market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

Key Points: 
  • The global In-Flight Entertainment & Connectivity Market is segmented based on aircraft type, product type, end-user type, sales channel type, and region.
  • Based on the aircraft type - The IFEC market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, and business jets.
  • Wide-body aircraft is expected to be the fastest-growing aircraft type in the market during the forecast period.
  • For Customization or Any Other Queries, Get in Touch with Our Industry Experts at [email protected]
    Top 5 Companies in the In-Flight Entertainment & Connectivity Market?

Astronics Corporation Reports 2023 Third Quarter Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Aerospace, Technology, Manufacturing, Other Transport, Air, Transport, Other Manufacturing, Other Defense, Defense, Engineering, Electronic Design Automation, Consolidated, Adjustment, OEM, Air travel, Water, Public expenditure, EBITDA, General aviation, Absorption, GAAP, Eagle Test Systems, Growth, Capital expenditure, Chapter 11, Title 11, United States Code, Astronics Corporation, Capital, Bookkeeping, Payment card, Airline, Cryptocurrency, Video game, Arms industry, Pharmaceutical industry

Third Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)

Key Points: 
  • Third Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
    Consolidated sales were up $31.5 million, or 24.0%.
  • Aerospace Third Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
    Aerospace segment sales increased $29.9 million, or 26.7%, to $142.1 million.
  • Cash used for operations was $1.1 million in the third quarter of 2023, improving from cash used of $2.0 million in the second quarter.
  • During the teleconference, management will review the financial and operating results for the period and discuss Astronics’ corporate strategy and outlook.

Astronics Corporation Announces Third Quarter 2023 Financial Results Conference Call and Webcast

Retrieved on: 
Thursday, October 26, 2023
Technology, Other Defense, Air, Engineering, Transport, Aerospace, Manufacturing, Electronic Design Automation, Defense, Astronics Corporation, Cryptocurrency, Online shopping, Management

Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its third quarter 2023 financial results after the close of financial markets on Wednesday, November 8, 2023.

Key Points: 
  • Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it will release its third quarter 2023 financial results after the close of financial markets on Wednesday, November 8, 2023.
  • The Company will host a conference call and webcast that same day to review its financial and operating results and discuss its corporate strategies and outlook.
  • A question-and-answer session will follow.

Astronics Corporation Selected by Bell to Develop Electrical Power and Distribution System for U.S. Army Future Long-Range Assault Aircraft

Retrieved on: 
Tuesday, August 22, 2023
Aerospace, Technology, Manufacturing, Other Transport, Air, Transport, Other Manufacturing, Other Defense, Defense, Engineering, Electronic Design Automation, Aircraft, Bell, FLRAA, Army, Team Valor International, Bell V-280 Valor, Certification, Bell 525 Relentless, Airline, Astronics Corporation

A member of Team Valor, Astronics has been working with Bell for several years by supplying the electrical power and distribution system for the demonstrator aircraft.

Key Points: 
  • A member of Team Valor, Astronics has been working with Bell for several years by supplying the electrical power and distribution system for the demonstrator aircraft.
  • The current agreement will further mature the system for qualification and certification.
  • Peter J. Gundermann, Chairman, President, and CEO of Astronics, said, “We have enjoyed a close working relationship with Bell for many years, providing innovative solutions for their aircraft.
  • Our CorePower® technology is designed into the Bell 505, Bell 525 aircraft, and V-280 Valor.