secwatch.observer — SEC 8-K summary
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Issuer:     ASTRONICS CORP (ATRO)
CIK:        0000008063
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000008063-24-000056
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astronics Q3 sales up 25% to $203.7M; net loss $11.7M on $7M refinancing costs; revises FY24 guidance
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- Sales $203.7M (+25%), highest since Q1 2019; Aerospace segment sales $177.6M (+24.9%).
- Net loss $11.7M (incl. $7.0M debt extinguishment); adjusted net income $12.2M ($0.35 adj. EPS).
- Adjusted EBITDA $27.1M (13.3% margin), up 207% YoY; Aero adj. operating margin 14.2%.
- Revised FY2024 revenue guidance to $777M-$797M; Q4 sales expected $190M-$210M.
- UK patent litigation: plaintiff seeks up to ~$105M; Co. reserved $7.4M; ruling expected late 2024/early 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8063/000000806324000056/0000008063-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8063/000000806324000056/atro-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000008063-24-000056

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