earnings
confidence high
sentiment neutral
materiality 0.75
Astronics Q1 sales $116.2M, up 10%; net loss narrows to $3.1M; record backlog $475.1M
ASTRONICS CORP
2022-Q1 EPS reported
-$0.10
revenue$116,176,000
- Sales $116.2M (+10% YoY); net loss $3.1M ($0.10/sh) vs loss $11.9M ($0.39) prior year.
- Bookings $175.6M (+46%), book-to-bill 1.51; backlog record $475.1M (14% increase).
- Aerospace segment sales $101.4M (+24.5%); operating profit $3.1M vs loss $5.6M.
- Supply chain issues caused ~$15M revenue to shift out of Q1; FY22 revenue guidance maintained at $550-600M.
- Test Systems sales $14.8M (-$9.7M); operating loss $1.8M vs profit $1.2M.