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Astronics Corp - $ATRO STOCK NEWS

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.

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 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%
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none
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Rhea-AI Summary
Astronics Corporation (Nasdaq: ATRO) reported a 35% increase in sales to $174.5 million, with a record backlog of $611.1 million and an adjusted EBITDA of $15.8 million. The aerospace segment sales increased by 45% to $158.4 million, and bookings totaled $207.1 million. The company expects a strong second half of 2023 and a promising 2024 if current trends continue.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.45%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.62%
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none
Rhea-AI Summary
Astronics Corporation expects revenue for the second quarter of 2023 to be in the range of $170 million to $175 million, which is at the upper end of its previous guidance range. Preliminary orders for the same quarter are approximately $200 million to $205 million, including a $9.6 million production order for the Handheld Radio Test Sets Program for the US Marine Corps.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.65%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.65%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.65%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.65%
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none
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Rhea-AI Summary
Astronics Corporation executives to participate in a fireside chat at the Wells Fargo Industrials Conference on June 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
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conferences
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.03%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.03%
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Astronics Corp

Nasdaq:ATRO

ATRO Rankings

ATRO Stock Data

640.01M
31.12M
2.02%
69.74%
0.93%
Small Arms Ammunition Manufacturing
Manufacturing
Link
United States of America
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