secwatch.observer — SEC 8-K summary
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Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000008063-24-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806324000009/0000008063-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806324000009/atro-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000008063-24-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer