secwatch.observer — SEC 8-K summary
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Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000008063-23-000056
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806323000056/0000008063-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806323000056/atro-20231108.htm
  HTML page:      https://secwatch.observer/filing/0000008063-23-000056

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