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Astronics Corp. - ATRO STOCK NEWS

Welcome to our dedicated news page for Astronics (Ticker: ATRO), a resource for investors and traders seeking the latest updates and insights on Astronics.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Astronics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Astronics's position in the market.

Rhea-AI Summary
Astronics (Nasdaq: ATRO) announced its first quarter 2024 financial results conference call and webcast scheduled for Thursday, May 2, 2024. The company will discuss its financial performance, corporate strategies, and outlook during the session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
Tags
-
Rhea-AI Summary
Astronics Corporation (Nasdaq: ATRO) reported strong financial results for the fourth quarter and full year 2023, with sales growing 23.5% to $195.3 million in the quarter and 28.8% to $689.2 million for the full year. Operating income was $7.8 million in the quarter, net income was $7.0 million, and adjusted EBITDA was $24.8 million, showing significant improvement over the previous year. The Aerospace segment achieved record backlog of $517.2 million, and 2024 revenue is expected to be approximately $760 million to $795 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
Tags
-
Rhea-AI Summary
Astronics Corporation (Nasdaq: ATRO) will release its Q4 2023 financial results on February 28, 2024, followed by a conference call to discuss financial performance and corporate strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
Tags
Rhea-AI Summary
Astronics Corporation (ATRO) announced that Peter J. Gundermann, Chairman, President and CEO, will host a presentation at the Needham Growth Conference on January 17, 2024. The presentation will begin at 8:00 a.m. Eastern Time and will be available via live webcast on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
conferences
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Rhea-AI Summary
Astronics Corporation (ATRO) reported preliminary unaudited fourth quarter revenue of $193-195 million, a 23% increase over the prior year. Full year 2023 revenue was approximately $688 million, up 29% from 2022. The initial 2024 revenue guidance is set at $760-795 million, reflecting a 13% increase over 2023. The company also achieved preliminary bookings of $185 million in the quarter, bringing orders for the full year to approximately $726 million. Despite the positive revenue growth, the CEO highlighted ongoing supply chain improvements and workforce development as key factors driving future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.86%
Tags
-
Rhea-AI Summary
Astronics Corporation (Nasdaq: ATRO) announced that Peter J. Gundermann, Chairman, President, and CEO, and David C. Burney, EVP and CFO, will host a presentation at the CJS Securities 24th Annual 'New Ideas for the New Year' virtual conference on January 10, 2024. The presentation will begin at 11:45 a.m. Eastern Time. A live webcast and presentation materials will be available at www.astronics.com, with a replay in the Investors section of the Company’s website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
Tags
conferences
Rhea-AI Summary
Astronics Corporation (Nasdaq: ATRO) reported a 24% sales growth to $162.9 million in the quarter and a 31% year-to-date increase to $493.9 million. The net loss was $17.0 million, but adjusted EBITDA improved to $8.8 million, or 5.4% of sales. Revenue guidance for 2023 was raised to $680-690 million from $640-680 million, with a strong fourth quarter expected to return to pre-pandemic sales levels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.41%
Tags
-
Rhea-AI Summary
Astronics Corporation will release its Q3 2023 financial results on November 8, 2023. The company will host a conference call and webcast to discuss its financial and operating results and corporate strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
Tags
-
Rhea-AI Summary
Astronics Corporation under contract with Bell for the U.S. Army Future Long Range Assault Aircraft program
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
none
Rhea-AI Summary
Astronics Corporation has initiated an at-the-market equity offering program, allowing the sale of up to $30.0 million worth of shares of the Company's common stock. The timing and volume of sales will depend on various factors. Wells Fargo Securities and HSBC Securities will act as sales agents for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.91%
Tags
none
Astronics Corp.

Nasdaq:ATRO

ATRO Rankings

ATRO Stock Data

582.02M
31.12M
2.02%
69.74%
0.93%
Small Arms Ammunition Manufacturing
Manufacturing
Link
US
East Aurora

About ATRO

astronics helps keep people safe, comfortable, and connected every day through innovative technologies that run mission-critical systems. our experts work side-by-side with customers to solve challenges with creative, integrated solutions engineered from our array of power, connectivity, lighting, structures, interiors, test, and additional technologies. if you’ve flown on a plane, used a smart phone, or been involved in defense systems, you’ve experienced the innovation of astronics. what can we work on with you? learn more at www.astronics.com. subsidiaries astronics advanced electronic systems astronics aerosat astronics ballard technology astronics connectivity systems and certification astronics custom control concepts astronics dme astronics luminescent systems astronics max-viz astronics peco astronics pga astronics test systems