Astronics Corp
NASDAQ:ATRO

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Astronics Corp
NASDAQ:ATRO
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Price: 76.06 USD 2.33%
Market Cap: $2.7B

Astronics Corp
Investor Relations

Astronics Corp. engages in the provision of electrical power generation and distribution systems. The company is headquartered in East Aurora, New York and currently employs 2,100 full-time employees. The firm's products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, aircraft structures and automated test systems. The firm operates through two segments: Aerospace and Test Systems. The Aerospace segment designs and manufactures products for the global aerospace industry. Its product lines include lighting and safety systems, electrical power generation, distribution and motion systems, aircraft structures, avionics products, systems certification and other products. The Test Systems segment designs, develops, manufactures and maintains automated test systems that support the aerospace and defense, communications and mass transit industries, as well as training and simulation devices for both commercial and military applications.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 24, 2026
AI Summary
Q4 2025

Record Revenue: Astronics posted fourth quarter revenue of $240 million, a new all-time high and up 15% year-over-year.

Margin Expansion: Operating margin hit 14.8% and adjusted EBITDA margin reached 19%, both post-pandemic records due to higher volume, favorable mix, pricing actions, and cost efficiencies.

Strong Cash Flow: The company generated $27.6 million in operating cash flow in Q4 and ended the year with $231 million in available liquidity.

Robust Backlog: Bookings were $257 million for a book-to-bill of 1.07, leaving a record year-end backlog of $674.5 million.

2026 Outlook: Management expects 2026 revenue between $950 million and $990 million—a 12.5% to nearly 15% increase—and aims to maintain high-teens operating margins. Q1 sales are guided to $220–230 million, with higher quarters expected in the second half.

Pricing Recovery: Executives report about 70–80% completion in repricing contracts to offset prior inflation, with more to come.

Army Radio Test Program: The long-awaited U.S. Army radio test set program is now expected to begin ramping production in Q2 2026.

Broad-Based Demand: Bookings and demand are strong across both original equipment and aftermarket segments, with no dependence on a single program or customer.

Key Financials
Revenue
$240 million
Gross Profit
$80 million
Gross Margin
33.3%
Operating Income
$35.5 million
Operating Margin
14.8%
Adjusted EBITDA Margin
19%
Net Income
$29.6 million
Earnings Per Share (Diluted)
$0.78 per share
Adjusted Net Income
$28.5 million
Adjusted Earnings Per Share (Diluted)
$0.75 per share
Cash from Operations
$27.6 million (Q4); $74.8 million (full year)
Available Liquidity
$231 million
Bookings
$257 million (Q4)
Book-to-Bill Ratio
1.07
Backlog
$674.5 million
Capital Expenditures
$11.8 million (Q4); $31.7 million (full year)
Net Debt
$324.8 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Peter J. Gundermann
Chairman, CEO & President
No Bio Available
Mr. David C. Burney
Executive VP of Finance, CFO & Treasurer
No Bio Available
Mr. James S. Kramer
Executive VP & President of Luminescent Systems Inc.
No Bio Available
Mr. Mark A. Peabody
Executive VP & President of Aerospace Segment
No Bio Available
Mr. James F. Mulato
Executive VP & President of Astronics Test Systems, Inc.
No Bio Available
Mr. Michael C. Kuehn
Executive VP and President of Astronics Connectivity Systems & Certification Corp.
No Bio Available
Ms. Nancy L. Hedges
Corporate Controller & Principal Accounting Officer
No Bio Available
Ms. Julie M. Davis
Secretary
No Bio Available

Contacts

Address
NEW YORK
East Aurora
130 Commerce Way
Contacts
+17168051599.0
www.astronics.com
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