Astronics Corp
OTC:ATROB

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Astronics Corp Logo
Astronics Corp
OTC:ATROB
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Price: 63.95 USD 9.79%
Market Cap: 2.2B USD

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
Q3 2025
Call Date
Nov 4, 2025
AI Summary
Q3 2025

Revenue Record: Astronics reported Q3 revenue of $211.4 million, its second highest quarter ever, driven by broad-based demand and improved supply chain efficiency.

Margin Expansion: Operating margin rose to 10.9% from 4.1% last year, with gross profit up nearly 17% year-over-year due to higher sales, pricing actions, and productivity gains.

Strong Bookings & Backlog: Bookings matched shipments with a book-to-bill ratio of 1.0, and backlog ended at $647 million, a historically high level.

Strategic Acquisitions: The company completed two recent acquisitions—Envoy Aerospace and Bühler Motor Aviation—to boost capabilities and competitive advantage, with Bühler expected to add $20–$25 million in 2026 revenue.

Refinancing Actions: Astronics refinanced its convertible debt, issuing a $225 million 0% bond and buying out most of its previous, more expensive convertible notes, cutting interest costs and reducing potential dilution.

Cash Flow Strength: Generated $34 million in cash and $21 million in free cash flow for the quarter, with expectations to remain free cash flow positive for the year.

Upbeat Outlook: Fourth quarter revenue is guided to $225–$235 million, and management expects at least 10% growth in 2026, supported by OEM build rates, connectivity demand, and new military and test programs.

Key Financials
Revenue
$211.4 million
Gross Profit
$64.5 million
Gross Margin
30.5%
Aerospace Sales
$192.7 million
Test Sales
$18.7 million
Operating Margin
10.9%
Adjusted Operating Margin
12.3%
Aerospace Operating Margin
16.2%
Test Operating Margin
-0.1%
Adjusted EBITDA Margin
15.5%
Bookings
$210 million
Book-to-Bill Ratio
1.0
Backlog
$647 million
Free Cash Flow
$21 million (Q3); $27 million (YTD)
Cash From Operations
$34 million (Q3); $47 million (YTD)
R&D Expense
$10.2 million
Operating Income
$23 million
Loss on Debt Settlement
$32.6 million
Liquidity
$169 million
Debt Outstanding
$334 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