secwatch.observer — SEC 8-K summary
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Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0000008063-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806322000016/0000008063-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806322000016/atro-20220506.htm
  HTML page:      https://secwatch.observer/filing/0000008063-22-000016

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