Welcome to our dedicated page for Astronics news (Ticker: ATRO), a resource for investors and traders seeking the latest updates and insights on Astronics stock.
Astronics Corporation (ATRO) delivers mission-critical technology solutions for aerospace, defense, and advanced test systems. This news hub provides investors and industry professionals with centralized access to official announcements, strategic developments, and operational updates directly from the company.
Find timely information on product innovations, contract awards, and financial performance, alongside analysis of Astronics' role in advancing aviation safety and defense capabilities. Our curated collection includes press releases covering system integrations, testing advancements, and partnerships shaping next-generation aerospace technologies.
This resource is designed to streamline your research with verified updates on Astronics' engineering achievements and market positioning. Bookmark this page to monitor how ATRO continues to address complex challenges in power management, connectivity solutions, and mission-critical system development.
Astronics Corporation (ATRO) reported strong Q1 2025 financial results with revenue increasing 11.3% to $205.9 million. The company achieved net income of $9.5 million ($0.26 per diluted share) and adjusted EBITDA of $30.7 million. The Aerospace segment drove growth with record sales of $191.4 million, up 17%. The quarter saw record bookings of $279.7 million and a record backlog of $673.0 million.
Commercial Transport and Military Aircraft markets showed significant strength, with Military Aircraft sales increasing 94.8% to $33.3 million. The company maintained its 2025 revenue guidance of $820-860 million. Operating efficiency improvements led to gross margin expansion to 29.5%. Cash flow from operations was strong at $20.6 million, and the company reduced its net debt to $134.2 million.
The company faces potential tariff impacts of $10-20 million annually but plans mitigation strategies including pricing adjustments and supply chain restructuring.
Astronics (ATRO) has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025, after market close. The company will host a conference call and webcast at 4:45 p.m. Eastern Time to discuss financial results, operating performance, corporate strategies, and outlook.
The event will include a question-and-answer session. Investors can access the call via phone at (201) 493-6784 or through the webcast at investors.astronics.com. A replay will be available until May 20, 2025, by dialing (412) 317-6671 with pin 13752651. The webcast replay and transcript will be posted in the investor relations section of the company's website.
Astronics (Nasdaq: ATRO) has won the Technology Award for Best In-Seat Power Solution at the 2025 PAX Readership Awards in Hamburg for its EmPower® UltraLite G2 Power System.
The UltraLite G2, first unveiled in 2022, has secured commitments for over 1,500 narrow-body aircraft installations, with hundreds already operational. The system features:
- 30-40% weight reduction compared to previous generations
- Distributed zonal architecture with 800W power supplies
- 93% efficiency and system intelligence at the seat
- Up to 60W power delivery per seat
- Both USB Type-A and Type-C outlets
- Available for linefit and retrofit installations
According to Jon Neal, President of Astronics AES, the award validates their market leadership in cabin power, highlighting their commitment to providing reliable, long-term solutions for airline customers while supporting aerospace carbon neutrality initiatives.
Astronics (Nasdaq: ATRO) has been selected to provide the Frequency Converter Unit (FCU) for the NASA and Boeing Transonic Truss-Braced Wing (TTBW) X-66 aircraft demonstrator. The FCU will convert 115VAC, 3-phase Variable Frequency Generator output to 115VAC, 3-phase, constant frequency (400 Hz) for the aircraft's main power buses.
As a long-term supplier of electrical power system products to Boeing, Astronics will collaborate on ground and flight tests scheduled to begin in 2028. The TTBW program represents a significant step toward the aviation industry's goal of achieving net-zero emissions by 2050.
Astronics (Nasdaq: ATRO) has launched the SkyShow Server, an advanced moving map system developed in collaboration with FlightPath3D. The system delivers 4K-resolution visuals and is designed for seamless integration into both new and existing aircraft cabins.
Key features include:
- Interactive experience with real-time flight data
- Over 50,000 Points of Interest (POI) pins
- Touch controls and augmented reality views
- Multiple interface options including 3G HD SDI and 4K HDMI outputs
The system offers customizable branding options and various viewing modes including cockpit perspectives and 360° aircraft views. The SkyShow Server is expected to be fully certified and available by Q3 2025, with orders currently being accepted.
Astronics (ATRO) reported its Q4 and full-year 2024 financial results, with Q4 sales increasing 6.8% to $208.5 million and full-year sales up 15.4% to $795.4 million. The company posted a Q4 net loss of $2.8 million, though adjusted EBITDA was $31.5 million (15.1% of sales).
The Aerospace segment achieved record Q4 sales of $188.5 million, up 12%, driven by increased airline demand for cabin power and inflight entertainment products. Q4 bookings were $195.9 million, with 2024 total bookings of $808.1 million and a record year-end backlog of $599.2 million.
Notable challenges included a $4.8 million reserve for a UK patent infringement dispute ruling, requiring approximately $11.9 million in payments, and a $3.2 million loss on debt extinguishment. The company maintains its 2025 revenue guidance at $820-860 million, with Q1 2025 projected sales of $190-205 million.
Astronics (ATRO) has scheduled its Fourth Quarter and Fiscal Year 2024 financial results announcement for Tuesday, March 4, 2025, after market close. The company will host a conference call and webcast at 4:45 p.m. Eastern Time on the same day to discuss financial results, operating performance, corporate strategies, and future outlook.
A Q&A session will follow the presentation. Investors can access the call via phone at (201) 493-6784 or through the webcast at investors.astronics.com. A replay will be available until March 18, 2025, by dialing (412) 317-6671 with pin 13751261. The webcast replay and transcript will be accessible through the company's investor relations website.
Astronics (Nasdaq: ATRO) has received a judgment in its patent infringement dispute with Lufthansa Technik AG in the United Kingdom. The court ruling requires Astronics to pay approximately $11.9 million in damages for patent infringement.
Additional amounts related to peripheral factors will be determined at a consequential hearing scheduled for March 2025. The company anticipates making the final payment in the second quarter of 2025, with any potential appeal likely to be heard in early 2026.
Astronics (ATRO) has appointed Fay West to its Board of Directors, effective February 6, 2025. West currently serves as Senior Vice President and CFO at Tennant Company (TNC) since April 2021, bringing over 20 years of financial leadership experience. She previously held the same position at SunCoke Energy and leadership roles at United Continental Holdings, PepsiAmericas, and GATX Rail Company.
West also serves as an independent director at Quaker Houghton (KWR) and is a former certified public accountant with a bachelor's degree in accounting from DePaul University. With her appointment, Astronics' Board now consists of nine members, with eight being independent directors.
Astronics (ATRO) reported preliminary unaudited Q4 2024 revenue of $208-210 million, reaching the upper end of guidance and showing a 7.0% increase year-over-year. Full-year 2024 preliminary revenue reached $796 million, up 15.5% from 2023.
Q4 bookings totaled $199 million, bringing full-year 2024 orders to approximately $811 million. The company provided 2025 revenue guidance of $820-860 million, projecting roughly 6% growth at the mid-point.
The company achieved average annual revenue growth exceeding 20% over the past three years, returning to pre-Covid revenue levels despite challenges including sluggish OEM production rates and the Boeing strike. Management expects 2025 to focus on margin expansion and strengthening cash flow.
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