{"schema_version":"secwatch.filing_event.v1","accession":"0000008063-22-000057","form_type":"8-K","ticker":"ATRO","cik":"0000008063","company_name":"ASTRONICS CORP","filed_at":"2022-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.614657+00:00","generated_at":"2026-06-21T19:06:24.148742+00:00","sec_items":["1.01","2.03","2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Astronics Q3 net loss $14.9M, operating loss $14.3M; credit facility amended, 2023 sales guided $640-680M","bullets":["Sales $131.4M (+18% YoY), but operating loss $14.3M vs $4.5M loss a year ago, including $4.6M atypical costs.","Net loss $14.9M ($0.46/share); bookings $184.2M, backlog record $547.1M; aerospace backlog $464.3M.","Credit facility extended to Nov 2023; leverage ratio waived; minimum EBITDA $15M (Dec 2022) and $25M (Jun 2023).","Q4 2022 sales guidance $140-150M; 2023 sales guidance $640-680M, supported by record backlog.","Test Systems down-selected by U.S. Army for major radio test contract; preliminarily $150-200M in future sales."],"urls":{"canonical":"https://secwatch.observer/filing/0000008063-22-000057","json":"https://secwatch.observer/filing/0000008063-22-000057.json","markdown":"https://secwatch.observer/filing/0000008063-22-000057.md","text":"https://secwatch.observer/filing/0000008063-22-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8063/000000806322000057/0000008063-22-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8063/000000806322000057/atro-20221114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T19:06:24.148742+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"404621951040d6e241e5dfb3bb5876be01df7e38","claim":"ASTRONICS CORP amended credit facility of $180 million with HSBC Bank USA, National Association, as Agent, and the lenders signatory thereto at one-, three- or six-month SOFR (which shall be at least 1.00%) plus 4.50% for AB maturing November 30, 2023.","evidence_excerpt":"from August 31, 2023 to November 30, 2023. The Amendment set the maximum aggregate amount that the Company can borrow under the revolving credit line in the Credit Agreement at $180 million through December 20, 2022. The maximum aggregate amount available for borrowing had been scheduled to decrease to $170 million on November 21, 2022. The decrease to $170 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8063/000000806322000057/0000008063-22-000057-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$180 million"},{"label":"Counterparty","value":"HSBC Bank USA, National Association, as Agent, and the lenders signatory thereto"},{"label":"Rate","value":"one-, three- or six-month SOFR (which shall be at least 1.00%) plus 4.50% for AB"},{"label":"Maturity","value":"November 30, 2023"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"f4496f33597d401056147813375ce19b921afed4","claim":"ASTRONICS CORP reported third quarter 2022 results: revenue $131.4 million, net income $14.9 million, EPS $0.46 per diluted share.","evidence_excerpt":"Email: dpawlowski@keiadvisors.com FOR IMMEDIATE RELEASE Astronics Corporation Reports Third Quarter 2022 Financial Results • Sales for the quarter were $131.4 million, up 18% over prior-year period • Operating loss was $14.3 million, including $4.6 million in atypical costs, a portion of which is expected to be recovered in the fourth quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/8063/000000806322000057/0000008063-22-000057-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2022"},{"label":"Revenue","value":"$131.4 million"},{"label":"Net income","value":"$14.9 million"},{"label":"EPS","value":"$0.46 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}