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Last $52.84 USD
Change Today -0.76 / -1.42%
Volume 151.9K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

astronics corp (ATRO) Snapshot

Open
$53.25
Previous Close
$53.60
Day High
$53.50
Day Low
$52.40
52 Week High
04/10/15 - $77.35
52 Week Low
10/8/14 - $41.31
Market Cap
1.2B
Average Volume 10 Days
202.2K
EPS TTM
$3.06
Shares Outstanding
17.3M
EX-Date
01/25/94
P/E TM
17.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for ASTRONICS CORP (ATRO)

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astronics corp (ATRO) Details

Astronics Corporation, through its subsidiaries, designs and manufactures products for aerospace, defense, consumer electronics, and semi-conductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation, distribution and motions systems, aircraft structures, avionics products, and other products. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial, military, and general aviation markets; suppliers; and aircraft operators, such as airlines and branches of the U.S. Department of Defense, as well as the Federal Aviation Administration and airport operators. The Test Systems segment designs, develops, manufactures, and maintains automatic test systems, such as communications and weapons test systems, and training and simulation devices to OEMs and prime government contractors for consumer electronics and military products. The company also provides engineered commercial aerospace interior components and systems; fuselage and tail-mounted antenna systems; and in-flight entertainment/communication systems, and cabin management systems, as well as engineering, design, and certification solutions for commercial aircraft. Astronics Corporation was founded in 1968 and is headquartered in East Aurora, New York.

2,041 Employees
Last Reported Date: 02/27/15
Founded in 1968

astronics corp (ATRO) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.1M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $589.8K
Executive Vice President, President of Astron...
Total Annual Compensation: $672.4K
Executive Vice President and President of Lum...
Total Annual Compensation: $490.4K
Compensation as of Fiscal Year 2014.

astronics corp (ATRO) Key Developments

Astronics Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2015; Provides Consolidated Earnings Guidance for the Fourth Quarter of 2015, Fiscal Year 2015 and Revenue Guidance for the third quarter of 2015

Astronics Corporation announced unaudited consolidated earnings results for the second quarter and six months ended July 4, 2015. For the second quarter of 2015, the company’s consolidated sales were $173.156 million, down slightly from $174.563 million for the same period last year as strength in Aerospace sales helped to offset lower Test Systems segment sales. The 2015 second quarter included $7.1 million in sales from Armstrong Aerospace Inc., acquired on January 14, 2015. Organic sales for the quarter decreased $8.5 million, or 4.9%, on lower Test System segment sales. Income from operations was $28.155 million against $22.481 million a year ago. Income before tax was $27.044 million against $19.922 million a year ago. Net income was $17.690 million against $13.144 million a year ago. Diluted earnings per share for the 2015 second quarter were $0.77 compared with $0.58 in the prior-year period, an increase of 32.8%. For the first half 2015, the company’s consolidated sales increased by $19.3 million, or 6.1%, to $334.794 million from $315.514 million for the same period last year. The acquisition of Armstrong contributed $13.8 million to consolidated sales, while consolidated organic sales increased $5.5 million, or 1.7%. Income from operations was $45.698 million against $36.108 million a year ago. Income before tax was $43.341 million against $31.226 million a year ago. Net income was $28.373 million against $20.651 million a year ago. Diluted earnings per share for the first six months of 2015 were $1.24 compared with $0.91 for the same period last year, an increase of 36.3%. Capital expenditures were $12.3 million in the first half of 2015. The company provided consolidated earnings guidance for the year 2015. The company’s consolidated sales in 2015 are expected to be in the range of $680 million to $715 million. Approximately $545 million to $570 million is expected from the Aerospace Segment, adjusted from first quarter 2015 expectations of $550 million to $580 million. Test Systems segment revenue for 2015 is now expected to be approximately $135 million to $145 million, a tighter range of expectations compared with the $130 million to $160 million previously expected. The midpoints of these ranges imply that the Aerospace Segment is expected to grow approximately 13% in 2015 and the Test Segment is expected to decline approximately 16%. Consolidated backlog at July 4, 2015 was $352.0 million, of which $263.0 million is expected to ship in 2015. Capital expenditures are expected to be in the range of $20 million to $27 million for the year. E&D costs are estimated to be in the range of $75 million to $80 million. The company is in position for a strong close to the year. The company expects the third quarter, in particular, will be a record setter with consolidated revenue of about $200 million. The company’s fourth quarter will be somewhat slower, depending on the rate of short-term bookings, which the company is currently pursuing. All in all, Astronics' business is developing quite well with many favorable growth prospects based on strong market positions across its broader base of solutions.

Astronics Corporation to Report Q2, 2015 Results on Aug 05, 2015

Astronics Corporation announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Aug 05, 2015

Astronics Corporation, Q2 2015 Earnings Call, Aug 05, 2015

Astronics Corporation, Q2 2015 Earnings Call, Aug 05, 2015

 

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Industry Analysis

ATRO

Industry Average

Valuation ATRO Industry Range
Price/Earnings 18.8x
Price/Sales 1.7x
Price/Book 4.6x
Price/Cash Flow 14.3x
TEV/Sales 1.0x
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