---
schema_version: "secwatch.filing_event.v1"
accession: "0000008063-23-000044"
form_type: "8-K"
ticker: "ATRO"
cik: "0000008063"
company_name: "ASTRONICS CORP"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:20:45.429685+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astronics Q2 sales up 35% to $174.5M; net loss $12.0M; record backlog $611.1M

## Summary
- Sales $174.5M (+35% YoY); Aerospace segment sales up 45% to $158.4M, driven by commercial transport +62%.
- Net loss $12.0M ($0.37/diluted share) vs $11.0M loss a year ago; includes $8.1M tax expense on R&D capitalization.
- Adjusted EBITDA $15.8M (9.1% of sales) vs $2.1M (1.6%) last year; operating income $2.4M vs loss of $8.4M.
- Record backlog $611.1M; bookings $207.1M for 1.19 book-to-bill; $502M expected to ship in 12 months.
- Test Systems segment operating loss $6.1M on lower defense revenue and $2.2M litigation costs; restructuring targets $4-5M annual savings.

## SEC filing metadata
- accession: 0000008063-23-000044
- form_type: 8-K
- ticker: ATRO
- cik: 0000008063
- company_name: ASTRONICS CORP
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/8063/000000806323000044/0000008063-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8063/000000806323000044/atro-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008063-23-000044
- JSON: https://secwatch.observer/filing/0000008063-23-000044.json
- Plain text: https://secwatch.observer/filing/0000008063-23-000044.txt

## Key facts
- Earnings Releases
  ASTRONICS CORP reported three and six months ended July 1, 2023 results: revenue $174,454, net income $(11,999), EPS $0.37 per diluted share.
  - Period: three and six months ended July 1, 2023
  - Revenue: $174,454
  - Net income: $(11,999)
  - EPS: $0.37 per diluted share
  - Result: reported results
  source text: August 3, 2023 Page 2 Second Quarter Results Three Months Ended Six Months Ended ($ in thousands) July 1, 2023 July 2, 2022 % Change July 1, 2023 July 2, 2022 % Change Sales $ 174,454 $ 129,127 35.1 % $ 330,992 $ 245,303 34.9 % Income (Loss) from Operations $ 2,396 $ (8,396) 128.5 % $ 26 $ (12,563) 100.2 % Operating Margin % 1.4 % (6.5) % — % (5.1) % Net Gain
  evidence_url: https://www.sec.gov/Archives/edgar/data/8063/000000806323000044/0000008063-23-000044-index.htm

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