---
schema_version: "secwatch.filing_event.v1"
accession: "0000008063-22-000005"
form_type: "8-K"
ticker: "ATRO"
cik: "0000008063"
company_name: "ASTRONICS CORP"
filed_at: "2022-03-02T23:59:59+00:00"
generated_at: "2026-06-27T02:39:49.357004+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astronics Q4 net income $1.6M; 2022 revenue guidance $550-600M; credit facility amended

## Summary
- Q4 2021 sales $116.1M (+1.1% YoY); net income $1.6M ($0.05 diluted EPS) vs net loss $20M prior year.
- Record backlog $415.7M at year-end; 2022 revenue guidance $550-600M with 40% H1 and 60% H2.
- Credit facility amended: revolver reduced from $375M to $225M, maturity extended to May 2023; max leverage 4.75x through Q2 2022 then 3.75x.
- Received $10.7M earnout from semiconductor sale; expects $11.2M additional in Q1 2022; AMJP grant $14.7M partially recognized.
- Accrued $8.4M for adverse UK IP ruling vs Lufthansa Technik; damages trial expected in 2023.

## SEC filing metadata
- accession: 0000008063-22-000005
- form_type: 8-K
- ticker: ATRO
- cik: 0000008063
- company_name: ASTRONICS CORP
- filed_at: 2022-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8063/000000806322000005/0000008063-22-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8063/000000806322000005/atro-20220301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008063-22-000005
- JSON: https://secwatch.observer/filing/0000008063-22-000005.json
- Plain text: https://secwatch.observer/filing/0000008063-22-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.