secwatch.observer — SEC 8-K summary
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Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000008063-24-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astronics Q2 sales up 14% to $198.1M, net income $1.5M; raises 2024 guidance
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- Q2 net income $1.5M ($0.04 diluted EPS) vs net loss of $12.0M (-$0.37) a year ago.
- Adjusted EBITDA grew 28% to $20.2M (10.2% of sales); record backlog $633.4M.
- Aerospace segment sales $176.9M (+11.7%); operating margin 10.9% vs 8.7% prior year.
- Test Systems sales $21.2M, operating loss $5.3M; includes $3.5M cost revision on mass transit contracts.
- 2024 revenue guidance raised to $780-800M; Q3 revenue expected $195-205M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806324000043/0000008063-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806324000043/atro-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000008063-24-000043

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