Astronics Q1 sales up 10% to $116.2M, net loss improves to $3.1M from $11.9M

ASTRONICS CORP

2022-Q1 EPS reported -$0.10 revenue$116,176,000

Bookings rose 46% to $175.6M; book-to-bill 1.51; backlog record $475.1M (77% expected to ship in 2022).
Aerospace sales up 24.5% to $101.4M, driven by commercial aerospace (+67.7% to $64.1M).
Supply chain challenges delayed ~$15M in revenue out of Q1; FY revenue guidance maintained at $550-600M.
Net gain of $11.3M from semiconductor test business earnout; adjusted EBITDA loss narrowed to $0.4M.
Q2 revenue expected $125-135M; credit facility extended to May 2023, net debt reduced to $113M.

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