secwatch.observer — SEC 8-K summary
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Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000008063-23-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806323000020/0000008063-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806323000020/atro-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000008063-23-000020

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