Earnings summaries and quarterly performance for ASTRONICS.
Executive leadership at ASTRONICS.
Peter J. Gundermann
Detailed
President and Chief Executive Officer
CEO
JF
James F. Mulato
Detailed
Executive Vice President and President of Astronics Test Systems, Inc.
MA
Mark A. Peabody
Detailed
Executive Vice President and President of Aerospace Segment
NL
Nancy L. Hedges
Detailed
Vice President, Chief Financial Officer and Treasurer
Board of directors at ASTRONICS.
Research analysts who have asked questions during ASTRONICS earnings calls.
Recent press releases and 8-K filings for ATRO.
Astronics Reports Strong Q3 2025 Results, Strategic Acquisitions, and Positive Outlook
ATRO
Earnings
M&A
Guidance Update
- Astronics (ATRO) reported strong Q3 2025 financial results with revenue of $211.4 million, an operating margin of 10.9%, and adjusted EBITDA at 15.5% of sales, its highest since 2020. The company also generated $34 million in cash and $21 million in free cash flow for the quarter, ending with a backlog of $647 million.
- The company completed strategic acquisitions of Envoy Aerospace in Q3 and Buhler Motor Aviation (BMA) in early Q4, with BMA expected to contribute $20-$25 million in sales in 2026.
- Astronics undertook significant refinancing actions, including issuing a $225 million 0% convertible bond and repurchasing 80% of a previous 5.5% convertible note, which reduced potential dilution by 5.8 million shares and improved financial flexibility by transitioning to a $300 million cash flow revolver.
- For Q4 2025, revenue is projected to be $225-$235 million, and the company anticipates 10% or better revenue growth for 2026, supported by increasing OEM build rates and new programs, including the $215 million Army radio test program (4549T).
Nov 4, 2025, 9:45 PM
Astronics Corporation Reports Q3 2025 Financial Results and Provides 2025 Outlook
ATRO
Earnings
Guidance Update
Debt Issuance
- Astronics Corporation reported Q3 2025 sales of $211.4 million, an increase of 3.8% compared to the prior year, primarily driven by 8.5% growth in Aerospace sales to $192.7 million.
- The company recorded a net loss of $11.1 million for Q3 2025, which included $32.6 million in refinancing-related charges; adjusted EBITDA for the quarter was $32.7 million, or 15.5% of sales.
- Astronics generated $34.2 million in cash from operations during Q3 2025, with quarterly bookings of $210.4 million and a backlog of $646.7 million.
- Significant refinancing activities were completed, including the issuance of $225 million in convertible bonds during the quarter and the initiation of a new $300 million cash flow revolver subsequent to quarter end.
- Management expects Q4 2025 revenue to be between $225 million and $235 million, resulting in a full-year 2025 revenue expectation of $847 million to $857 million.
Nov 4, 2025, 9:17 PM
Astronics Corporation Reports Q3 2025 Financial Results
ATRO
Earnings
Guidance Update
Debt Issuance
- Astronics Corporation reported third quarter 2025 sales of $211.4 million, an increase of 3.8%, primarily driven by 8.5% growth in the Aerospace segment. The company posted a net loss of $11.1 million, reflecting $32.6 million in refinancing-related charges, but achieved adjusted EBITDA of $32.7 million, or 15.5% of sales.
- Quarterly bookings were $210.4 million, contributing to a backlog of $646.7 million at quarter end.
- Astronics generated $34.2 million in cash from operations during the third quarter of 2025.
- The company completed significant refinancing activities, including the issuance of $225 million in 0% Convertible Senior Notes and the repurchase of approximately $132.0 million of 5.500% Convertible Senior Notes due 2030, which eliminated approximately 5.8 million shares of potential dilution.
- Management projects fourth quarter revenue between $225 million and $235 million, with full-year 2025 revenue expected to be $847 million to $857 million.
Nov 4, 2025, 9:15 PM
Astronics Acquires Bühler Motor Aviation
ATRO
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Astronics Corporation has acquired Bühler Motor Aviation (BMA) in an all-cash transaction.
- BMA, a German manufacturer, specializes in aircraft seat actuation systems and is expected to augment Astronics' motion control solutions for commercial aircraft.
- BMA's anticipated annual revenue for 2026 is $22 million.
Oct 13, 2025, 10:00 AM
Astronics Corporation Closes $225 Million 0% Convertible Notes Offering
ATRO
Debt Issuance
- Astronics Corporation closed a $225.0 million offering of 0% convertible senior notes due 2031 on September 16, 2025.
- A significant portion of the proceeds, combined with other funds, was used to repurchase approximately $132.0 million in aggregate principal amount of the company's 5.5% convertible notes due 2030, leaving $33.0 million of the 2030 notes outstanding.
- To limit future potential dilution, Astronics purchased capped call transactions for approximately $26.9 million, establishing an effective conversion price of $83.4051, which represents a 90% premium over the common stock's volume-weighted average price of $43.8974 on September 10, 2025.
- The new notes bear 0% interest and have an initial conversion price of $54.8718 per share, representing a 25% conversion premium over the reference price.
Sep 16, 2025, 8:12 PM
Astronics Corp Provides Business and Financial Update at Midwest Ideas Conference
ATRO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Astronics Corp reported Q2 2025 sales of $204.7 million, with the Aerospace segment achieving record sales of $193.6 million. Adjusted net income for the quarter increased by $6.5 million to $13.7 million, or $0.38 per diluted share, and consolidated adjusted EBITDA rose 25.5% to $25.4 million.
- The company's backlog remains elevated at $645 million, with the vast majority deliverable within twelve months. For 2025, Astronics expects sales to be in the $850 million range.
- Key growth drivers include the Future Long Range Assault Aircraft (FLRAA) program for the U.S. Army, where Astronics expects its shipset content to be around $1 million per aircraft, with potential for 2,000 aircraft and production starting around 2029/2030. The Test business also has significant programs, including a $200 million program for the Army expected to start in 2026.
- Astronics generated $13 million in operating cash flow in Q2 2025, despite a $22 million payment for a legal settlement. The company ended Q2 with $191 million in total liquidity and expects $40-50 million in capital expenditures for 2025.
Aug 28, 2025, 9:38 PM
Quarterly earnings call transcripts for ASTRONICS.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more