secwatch.observer — SEC 8-K summary
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Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0000008063-22-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astronics Q2 sales up 16% but operating loss widens; cuts 2022 revenue guidance
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- Q2 sales $129.1M (+16% YoY); operating loss $8.4M (vs $5.9M loss prior year).
- Net loss $11.0M ($0.34/diluted shr) vs $8.1M loss prior year; adj EBITDA $1.2M.
- Record backlog $494.4M; bookings $148.4M (book-to-bill 1.15). Aerospace backlog record $410.8M.
- Amended credit facility: maturity extended to Aug 31, 2023; revolver reduced from $225M to $170M by Oct 11, 2022.
- Revised 2022 revenue guidance to $550M-$580M (previously higher); H2 ramp weighted to Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806322000030/0000008063-22-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806322000030/atro-20220809.htm
  HTML page:      https://secwatch.observer/filing/0000008063-22-000030

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