---
schema_version: "secwatch.filing_event.v1"
accession: "0000008063-23-000020"
form_type: "8-K"
ticker: "ATRO"
cik: "0000008063"
company_name: "ASTRONICS CORP"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T11:06:42.973137+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Astronics Q1 sales up 35% to $156.5M; net loss widens to $4.4M

## Summary
- Net loss $4.4M ($0.14 per diluted share) vs loss $3.1M ($0.10) in prior year.
- Adjusted EBITDA $6.1M (3.9% of sales) vs $0.9M; record backlog $578.5M.
- Aerospace segment sales $135.6M (+34%); bookings $150.1M (book-to-bill 1.11:1).
- Q2 revenue guidance $165M-$175M; FY 2023 guidance maintained at $640M-$680M.
- Test Systems restructuring to yield $4M-$5M annual savings starting Q3.

## SEC filing metadata
- accession: 0000008063-23-000020
- form_type: 8-K
- ticker: ATRO
- cik: 0000008063
- company_name: ASTRONICS CORP
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8063/000000806323000020/0000008063-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8063/000000806323000020/atro-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008063-23-000020
- JSON: https://secwatch.observer/filing/0000008063-23-000020.json
- Plain text: https://secwatch.observer/filing/0000008063-23-000020.txt

## Key facts
- Earnings Releases
  ASTRONICS CORP reported the three months ended April 1, 2023 results: revenue $156,538, net income Net loss $4,415, EPS $0.14 per diluted share. Guidance reaffirmed.
  - Period: the three months ended April 1, 2023
  - Revenue: $156,538
  - Net income: Net loss $4,415
  - EPS: $0.14 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Corporation Reports 2023 First Quarter Financial Results May 9, 2023 Page 2 First Quarter Results Three Months Ended ($ in thousands) April 1, 2023 April 2, 2022 % Change Sales $ 156,538 $ 116,176 34.7 % Loss from Operations $ (2,370) $ (4,167) 43.1 % Operating Margin % (1.5) % (3.6) % Net Gain on Sale of Business $ (3,427) $ (11,284) Net Loss $ (4,415) $ (3,101)
  evidence_url: https://www.sec.gov/Archives/edgar/data/8063/000000806323000020/0000008063-23-000020-index.htm

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