---
schema_version: "secwatch.filing_event.v1"
accession: "0000008063-22-000049"
form_type: "8-K"
ticker: "ATRO"
cik: "0000008063"
company_name: "ASTRONICS CORP"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:47:15.883079+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astronics Q3 prelim revenue $131M, below expectations; net loss widens to ~$15M

## Summary
- Preliminary Q3 revenue $131M, up 18% YoY but short of expectations due to supply chain and customer reschedules.
- Preliminary bookings $184M (+20% YoY) drove record backlog of $547M; aerospace orders $166M (record), test $18M.
- Preliminary net loss ~$15M vs loss of $7.2M a year ago; reflects $4M legal/customer accommodation costs.
- Guides Q4 revenue $140-150M and 2023 revenue $640-680M; implies FY22 ~$521M (+17% YoY).
- Credit facility amended Oct 21; maximum borrowing temporarily raised to $180M; covenant waivers obtained.

## SEC filing metadata
- accession: 0000008063-22-000049
- form_type: 8-K
- ticker: ATRO
- cik: 0000008063
- company_name: ASTRONICS CORP
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8063/000000806322000049/0000008063-22-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8063/000000806322000049/atro-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008063-22-000049
- JSON: https://secwatch.observer/filing/0000008063-22-000049.json
- Plain text: https://secwatch.observer/filing/0000008063-22-000049.txt

## Key facts
- Earnings Releases
  ASTRONICS CORP reported third quarter of 2022 results: revenue $131 million, net income approximately $15 million. Guidance initiated.
  - Period: third quarter of 2022
  - Revenue: $131 million
  - Net income: approximately $15 million
  - Guidance: initiated
  - Result: preliminary results
  source text: --- NEWS RELEASE Exhibit 99.1 For Immediate Release Astronics Corporation Announces Third Quarter 2022 Preliminary Revenue and Orders • Preliminary third quarter revenue was $131 million, below expectations due to supply chain challenges and program reschedules • Preliminary third quarter bookings were $184 million, driving another record backlog and
  evidence_url: https://www.sec.gov/Archives/edgar/data/8063/000000806322000049/0000008063-22-000049-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.