Astronics Q4 sales up 23.5% to $195M; net income $0.20/share; 2024 rev guide $760M-$795M

ASTRONICS CORP

2023-FY EPS reported -$0.80 revenue$689,206,000

Q4 sales $195.3M (+23.5% YoY); net income $7.0M ($0.20 diluted EPS) vs net loss of $6.8M prior year.
Adjusted EBITDA $24.8M (12.7% of sales) vs $7.8M (4.9%); operating income $7.8M (4.0% margin).
Aerospace segment sales $168.7M (+22%); operating profit $14.3M (8.5% of sales); record backlog $517.2M.
2024 revenue guidance $760M-$795M (midpoint +13% YoY); Q1 expected $170M-$175M; capex $17M-$22M.
Sold 500K shares via ATM at $15.65 avg for net $7.6M; cash $11.3M; net debt $161.2M; working capital improving.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASTRONICS CORP updated its the three and twelve months ended December 31, 2023 guidance (reaffirmed).

Period: the three and twelve months ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 28, 2024 , Astronics Corporation issued a news release announcing its fourth quarter and full year financial results for 2023.

View on SEC.gov

3 earnings releases filed in the last 30 days. Browse all earnings releases →

ASTRONICS CORP filing history →

Source: SEC EDGAR

accession 0000008063-24-000009

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.