Astronics Corporation is a prominent provider of advanced technologies for the aerospace and defense sectors, specializing in the development of electrical power generation systems and lighting solutions
The company designs and manufactures a wide range of products, including aircraft lighting systems, in-flight entertainment systems, and connectivity solutions that enhance the passenger experience. With a commitment to innovation and safety, Astronics plays a crucial role in helping its clients meet the stringent demands of modern aviation and defense applications, delivering reliable and high-performance solutions that improve operational efficiency and enhance functionality.
Shares of aerospace and defense technology solutions provider Astronics Corporation (NASDAQATRO)
jumped 24.3% in the morning session after the company reported impressive fourth quarter 2024 results that blew past analysts' EBITDA and revenue estimates. Sales rose nearly 7%, driven by double-digit growth in its Aerospace segment, which was impressive given anticipated headwinds related to Boeing's 737 production pause. Gross profit climbed over 25% as higher sales volumes and improved production efficiencies boosted margins.
Aerospace and defense technology solutions provider Astronics Corporation (NASDAQATRO) announced better-than-expected revenue in Q4 CY2024, with sales up 6.8% year on year to $208.5 million. Guidance for next quarter’s revenue was better than expected at $197.5 million at the midpoint, 2% above analysts’ estimates. Its GAAP loss of $0.08 per share was significantly below analysts’ consensus estimates.
Aerospace and defense technology solutions provider Astronics Corporation (NASDAQATRO)
will be reporting earnings tomorrow after the bell. Here’s what you need to know.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the aerospace industry, including Astronics (NASDAQATRO) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the aerospace and defense industry, including Cadre (NYSECDRE) and its peers.
Aerospace and defense technology solutions provider Astronics Corporation (NASDAQATRO) announced better-than-expected revenue in Q3 CY2024, with sales up 25% year on year to $203.7 million. The company expects next quarter’s revenue to be around $200 million, close to analysts’ estimates. Its GAAP loss of $0.34 per share was 1,600% below analysts’ consensus estimates.
Aerospace and defense technology solutions provider Astronics Corporation (NASDAQATRO)
will be announcing earnings results tomorrow afternoon. Here’s what to look for.
