Fay West
has elected Fay West as a director of the Company effective February 6, 2025.
Highest-materiality recent filing
Astronics announces 20% Class B stock distribution to all shareholders
Record date June 15, 2026; distribution expected on/around June 29, 2026.
Astronics shareholders approve all proposals at 2026 annual meeting
All 9 director nominees elected; highest withheld votes 11M for Mark Moran.
Astronics Q1 2026 sales up 12% to $230.6M; net income $25.5M; raises FY revenue guide to $970M-$1B
Sales $230.6M (+12% YoY); net income $25.5M ($0.67 EPS); adjusted EBITDA $37.9M (16.4% margin).
Astronics Q4 2025 sales record $240.1M, EPS $0.78; backlog $674.5M; 2026 guidance reaffirmed
Q4 sales grew 15.1% YoY to record $240.1M driven by aerospace segment sales of $219.6M (+16.5%).
Astronics preliminary Q4 rev $239.5M, adj. EBITDA ≥18%; FY26 guidance $950-990M
Q4 2025 revenue estimated at $239.5M ($219M Aerospace, $20.5M Test); adj. EBITDA margin ≥18%.
Astronics issues investor presentation with preliminary Q4/FY 2025 results and 2026 outlook
Preliminary revenue, bookings, and backlog for Q4 and FY 2025 disclosed in investor presentation.
Astronics reports preliminary Q4 2025 revenue $236-239M; guides 2026 revenue $950-990M
Preliminary Q4 2025 revenue $236M-$239M, above prior guidance range; up ~14% YoY and 12% QoQ at midpoint.
Third-quarter sales $211.4M, up 3.8% YoY; Aerospace sales $192.7M, up 8.5%.
Astronics secures $300M revolver, up from $220M, extends maturity to 2030
New cash flow-based revolver replaces asset-based facility; total commitments increase from $220M to $300M.
Astronics issues $225M 0% convertible notes due 2031, repurchases $132M of 5.5% notes
Issued $225M aggregate principal of 0% convertible senior notes due Jan 2031; net proceeds ~$216.7M.
Astronics announces $210M convertible note offering to partially refinance 2030 notes
Offering $210M aggregate principal of convertible senior notes due 2031, with option for additional $15M.
Astronics posts record aerospace sales of $193.6M in Q2; raises FY2025 revenue guidance
Total Q2 sales $204.7M (+3.3% YoY); Aerospace segment record $193.6M (+9.4% YoY).
Astronics shareholders elect directors, ratify auditor, approve LTIP amendment
All 9 director nominees elected; largest withhold votes for Robert S. Keane (9,585,128 withheld).
Astronics Q1 2025 revenue up 11% to $205.9M; record aerospace sales $191.4M
Net income $9.5M ($0.26 diluted EPS); adjusted EBITDA $30.7M (15% of sales).
Astronics Q4 sales $208.5M (+6.8%), net loss $2.8M; FY24 rev $795.4M, guides $820-860M
Q4 sales $208.5M (+6.8% YoY); FY24 sales $795.4M (+15.4%); net loss $2.8M, adj. EBITDA $31.5M (15.1% margin).
Astronics ordered to pay ~$11.9M in UK patent infringement case with Lufthansa Technik
UK court ruled Astronics infringed Lufthansa Technik patent; damages award approx. $11.9 million.
Astronics appoints Fay West to Board of Directors effective Feb 6, 2025
Fay West, CFO of Tennant Company (NYSE: TNC), joins Astronics board effective Feb 6, 2025.
Astronics prelim Q4 rev $208-210M, FY2024 rev $796M (+15.5%), initiates 2025 guide $820-860M
Preliminary Q4 2024 revenue $208M-$210M, at upper end of guidance range; up ~7% YoY.
Astronics issues $165M 5.5% convertible notes due 2030, repays $54.9M term loan
Issued $165M aggregate principal of 5.500% Convertible Senior Notes due 2030, including $15M from full exercise of initial purchasers' option.
Astronics prices $150M 5.5% convertible senior notes due 2030; proceeds to repay debt
$150M aggregate principal; initial purchasers have option for additional $15M.
Astronics announces $150M convertible senior notes offering due 2030
$150M aggregate principal of senior unsecured notes due March 15, 2030; initial purchasers option for additional $15M.
Sales $203.7M (+25%), highest since Q1 2019; Aerospace segment sales $177.6M (+24.9%).
Astronics appoints Nancy Hedges as CFO, effective Jan 4, 2025, succeeding retiring CFO Burney
David C. Burney to retire as EVP, CFO & Treasurer effective Jan 3, 2025, after 29 years at Astronics, 22 as CFO.
Astronics Q2 sales up 14% to $198.1M, net income $1.5M; raises 2024 guidance
Q2 net income $1.5M ($0.04 diluted EPS) vs net loss of $12.0M (-$0.37) a year ago.
Astronics refinances debt with $200M revolver and $55M term loan, saving ~$10.5M annually
Revolver expanded from $115M to $200M; $128M drawn at closing; maturity extended to July 11, 2027.
Astronics shareholders elect board and ratify Ernst & Young as auditor at 2024 annual meeting
All 8 director nominees elected; Robert T. Brady received 54,574,686 for, 5,382,644 withheld.
Q1 sales up 18% to $185.1M; net loss narrows to $3.2M; record backlog $612.5M
Net loss $3.2M ($0.09 diluted EPS) vs loss $4.4M ($0.14) prior year; tax benefit $1.4M.
Astronics amends credit facilities: revolver raised $5M to $120M, covenants relaxed
ABL revolver increased $5M to $120M temporary; expires earlier of Q1 2024 filing or May 15, 2024.
Astronics Q4 sales up 23.5% to $195M; net income $0.20/share; 2024 rev guide $760M-$795M
Q4 sales $195.3M (+23.5% YoY); net income $7.0M ($0.20 diluted EPS) vs net loss of $6.8M prior year.
Astronics reports preliminary Q4 revenue $193-195M (+23% YoY); 2024 guidance $760-795M
Preliminary Q4 2023 revenue $193-195M (mid-point ~$194M), up 23% vs prior year and 19% sequential.
Sales grew 24% YoY to $162.9M; Aerospace up 26.7% to $142.1M. Nine-month sales $493.9M (+31.1%).
Second Amendment extends expiry of revolving credit limit increase from $115M to $120M through Jan 31, 2024.
Astronics enters $30M at-the-market equity distribution agreement with Wells Fargo and HSBC
Astronics Corp signs Equity Distribution Agreement to sell up to $30M of common stock via Wells Fargo and HSBC as agents.
Astronics Q2 sales up 35% to $174.5M; net loss $12.0M; record backlog $611.1M
Sales $174.5M (+35% YoY); Aerospace segment sales up 45% to $158.4M, driven by commercial transport +62%.
Astronics preliminary Q2 revenue $170M-$175M at upper end of guidance; orders ~$200M
Preliminary Q2 orders of $200M-$205M; included a $9.6M USMC HHRTS order.
Astronics amends credit facility, increases revolver capacity by $5M to $120M through Oct 30, 2023
Maximum revolver borrowing increased from $115M to $120M via first amendment, effective June 28, 2023.
Astronics shareholders approve doubling authorized common shares to 80M
Shareholders approved amendment to increase authorized common shares from 40M to 80M.
Astronics Q1 sales up 35% to $156.5M; net loss widens to $4.4M
Net loss $4.4M ($0.14 per diluted share) vs loss $3.1M ($0.10) in prior year.
Astronics appoints Lockheed Martin VP Linda O'Brien to board of directors
Linda O'Brien appointed to Astronics board effective Feb 24, 2023; serves on Compensation and Nominating/Governance committees.
Astronics Q4 sales up 36% to $158.2M, net loss $6.8M; maintains 2023 revenue guidance $640-680M
Q4 sales $158.2M (+36% YoY); full-year sales $534.9M (+20% YoY).
Astronics beats Q4 sales guidance, completes $205M refinancing
Preliminary Q4 sales $155M-$160M, above prior guidance of $140M-$150M; bookings $175M-$180M.
Sales $131.4M (+18% YoY), but operating loss $14.3M vs $4.5M loss a year ago, including $4.6M atypical costs.
Astronics Q3 prelim revenue $131M, below expectations; net loss widens to ~$15M
Preliminary Q3 revenue $131M, up 18% YoY but short of expectations due to supply chain and customer reschedules.
The amendment temporarily increases the maximum revolving credit line from $170M to $180M until November 21, 2022, then returns to $170M.
Astronics Q2 sales up 16% but operating loss widens; cuts 2022 revenue guidance
Q2 sales $129.1M (+16% YoY); operating loss $8.4M (vs $5.9M loss prior year).
Astronics shareholders elect board and ratify Ernst & Young as auditor for FY2022
All eight director nominees elected with majority support; largest withhold votes were 13.5M for Raymond W. Boushie.
Astronics Q1 sales $116.2M, up 10%; net loss narrows to $3.1M; record backlog $475.1M
Sales $116.2M (+10% YoY); net loss $3.1M ($0.10/sh) vs loss $11.9M ($0.39) prior year.
Astronics Q1 sales up 10% to $116.2M, net loss improves to $3.1M from $11.9M
Bookings rose 46% to $175.6M; book-to-bill 1.51; backlog record $475.1M (77% expected to ship in 2022).
Astronics Q4 net income $1.6M; 2022 revenue guidance $550-600M; credit facility amended
Q4 2021 sales $116.1M (+1.1% YoY); net income $1.6M ($0.05 diluted EPS) vs net loss $20M prior year.
Astronics Q3 sales $111.8M, net loss $7.2M; bookings up 88% YoY to $153.5M
Sales $111.8M, up 5% YoY; net loss $7.2M ($0.23 diluted) vs $5.3M loss in prior year.
has elected Fay West as a director of the Company effective February 6, 2025.
David C. Burney has provided notice to the Board of Directors of the Company (the “Board”) on October 11, 2024 that he will be retiring from his position as Executive Vice President, Chief Financial Officer and Treasurer of Company effective as of January 3, 2025.
the Company also announced that, on October 11, 2024, the Board appointed Nancy L. Hedges to the position of Chief Financial Officer effective as of January 4, 2025.
The Board of Directors of Astronics Corporation (the “Company”) has elected Linda O’Brien as a director of the Company effective February 24, 2023.
Max materiality 0.90 · Median 0.70 · Most common event earnings