secwatch.observer — SEC 8-K summary
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Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K/A
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0000008063-22-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astronics Q1 sales $116.2M, up 10%; net loss narrows to $3.1M; record backlog $475.1M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806322000018/0000008063-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806322000018/atro-20220506.htm
  HTML page:      https://secwatch.observer/filing/0000008063-22-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer