---
schema_version: "secwatch.filing_event.v1"
accession: "0000008063-23-000056"
form_type: "8-K"
ticker: "ATRO"
cik: "0000008063"
company_name: "ASTRONICS CORP"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T12:09:56.416086+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astronics Q3 sales $162.9M (+24%), net loss $17.0M includes $11.1M bankruptcy reserve; 2023 guidance raised

## Summary
- Sales grew 24% YoY to $162.9M; Aerospace up 26.7% to $142.1M. Nine-month sales $493.9M (+31.1%).
- Net loss of $17.0M ($0.51 diluted) includes $11.1M non-cash reserve for customer bankruptcy ($0.33 per share).
- Adjusted EBITDA improved to $8.8M (5.4% of sales) vs $0.5M (0.4%) in prior-year period.
- Record backlog of $604.3M (excl. $19.9M bankrupt customer); book-to-bill 1.08 for quarter.
- 2023 revenue guidance raised to $680-690M from $640-680M; Q4 expected $185-195M, near pre-pandemic levels.

## SEC filing metadata
- accession: 0000008063-23-000056
- form_type: 8-K
- ticker: ATRO
- cik: 0000008063
- company_name: ASTRONICS CORP
- filed_at: 2023-11-08T23:59:59+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/8063/000000806323000056/0000008063-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8063/000000806323000056/atro-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008063-23-000056
- JSON: https://secwatch.observer/filing/0000008063-23-000056.json
- Plain text: https://secwatch.observer/filing/0000008063-23-000056.txt

## Key facts
- Earnings Releases
  ASTRONICS CORP updated its the three and nine months ended September 30, 2023 guidance (raised).
  - Period: the three and nine months ended September 30, 2023
  - Guidance: raised
  - Result: reported results
  source text: On November 8, 2023 , Astronics Corporation issued a news release announcing its third quarter financial results for 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8063/000000806323000056/0000008063-23-000056-index.htm

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