---
schema_version: "secwatch.filing_event.v1"
accession: "0000008063-24-000009"
form_type: "8-K"
ticker: "ATRO"
cik: "0000008063"
company_name: "ASTRONICS CORP"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:53:30.091643+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000008063-24-000009
- form_type: 8-K
- ticker: ATRO
- cik: 0000008063
- company_name: ASTRONICS CORP
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8063/000000806324000009/0000008063-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8063/000000806324000009/atro-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008063-24-000009
- JSON: https://secwatch.observer/filing/0000008063-24-000009.json
- Plain text: https://secwatch.observer/filing/0000008063-24-000009.txt

## Key facts
- Earnings Releases
  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
  source text: On February 28, 2024 , Astronics Corporation issued a news release announcing its fourth quarter and full year financial results for 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8063/000000806324000009/0000008063-24-000009-index.htm

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