secwatch.observer — SEC 8-K summary
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Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000008063-24-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806324000024/0000008063-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806324000024/atro-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000008063-24-000024

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