Q1 sales up 18% to $185.1M; net loss narrows to $3.2M; record backlog $612.5M

ASTRONICS CORP

2024-Q1 EPS reported -$0.09 revenue$185,074,000

Net loss $3.2M ($0.09 diluted EPS) vs loss $4.4M ($0.14) prior year; tax benefit $1.4M.
Adjusted EBITDA $19.1M (10.3% of sales) up from $6.1M (3.9%) a year ago.
Bookings $205.3M with 1.11 book-to-bill; aerospace backlog record $538.9M.
Aerospace sales +20.7% to $163.6M; segment operating margin expanded to 7.4% from 3.0%.
Maintains FY2024 revenue guidance $760M-$795M; Q2 revenue expected $185M-$195M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASTRONICS CORP updated its the three months ended March 30, 2024 guidance (reaffirmed).

Period: the three months ended March 30, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 2, 2024 , Astronics Corporation issued a news release announcing its first quarter financial results for 2024. A copy of the press release is attached as Exhibit 99.1.

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Source: SEC EDGAR

accession 0000008063-24-000024

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