Astronics Corporation

49.79-0.96 (-1.89%)

Oct 29, 4:00:01 PM EDT · NasdaqGS · ATRO · USD

Upcoming Earnings

Report date

Nov 4, 2025 (in 5 days)

Key Stats

Market Cap

1.76B

P/E (TTM)

Basic EPS (TTM)

-0.11

Dividend Yield

Recent Filings

8-K

Astronics upsizes credit facility

10/22/25Oct 22, 2025

Astronics Corporation secured a $300 million revolving credit facility on October 22, 2025, replacing its prior $220 million asset-based line and extending maturity to 2030. This cash flow-based deal, led by HSBC, boosts borrowing capacity by 36% with an accordion for up to $100 million more, tied to leverage limits. It sharpens financial flexibility for growth in aerospace and defense, yet demands tighter covenants like a 4.50:1 total net debt ratio. Lenders gain security from subsidiary guarantees and assets.

8-K

Astronics issues $225M zero-coupon notes

9/16/25Sep 16, 2025

Astronics Corporation issued $225 million in 0% convertible senior notes due 2031 on September 16, 2025, netting $216.7 million after expenses. The company deployed $189.8 million of proceeds, plus $85 million in ABL borrowings and $11 million cash, to retire $132 million of its 5.5% 2030 notes, slashing interest costs while extending maturity. Capped calls at $83.41 per share curb dilution up to a 90% premium over the $43.90 reference price. Debt swap streamlines the balance sheet.

8-K

Astronics launches notes offering

9/9/25Sep 9, 2025

Astronics announced plans to offer $210 million in convertible senior notes due 2031 in a private placement, with an option for $15 million more, aiming to refinance part of its 5.500% 2030 notes via cash repurchases. Capped calls will hedge dilution up to a 90% premium over the stock's pricing-day VWAP, while a new cash flow revolving credit facility could ease covenants and boost operational flexibility. Hedge activities may sway stock prices. Repurchase terms remain uncertain.

10-Q

Q2 FY2025 results

8/7/25Aug 7, 2025

Astronics posted solid Q2 FY2025 results, with sales climbing 3.3% y/y to $204.7M, fueled by a 9.4% surge in Aerospace to $193.6M from robust commercial transport and military demand, though Test Systems dropped 47.8% to $11.1M after $6.4M in contract revisions. Gross margin slipped to 25.8% from 28.0%, pressured by $5.8M simplification charges in Aerospace for footprint tweaks and portfolio shaping. Operating income fell 37.0% y/y to $4.8M, yet net income held steady at $1.3M or $0.04 diluted EPS, aided by halved interest expense post-refinancing. Cash swelled to $13.5M, free cash flow hit $6.3M (derived), while $159.3M debt includes $165M convertibles due 2030 at 5.5%; ABL revolver offers $197.8M availability with covenants met. Acquired Envoy Aerospace in June for $8.3M (cash/contingent mix) to bolster FAA certification. Patent spats with Lufthansa linger as a drag.

8-K

Q2 sales rise on Aerospace strength

8/6/25Aug 6, 2025

Astronics Corporation reported Q2 2025 sales up 3.3% to $204.7 million, propelled by record Aerospace segment revenue of $193.6 million—a 9.4% surge from robust commercial transport demand—yet offset by a $10.1 million drop in Test Systems. Net income dipped to $1.3 million amid $6.9 million in cost overruns on mass transit contracts and $5.8 million in simplification charges, but adjusted EBITDA climbed 25.5% to $25.4 million. Backlog stands at $645.4 million. The company raised 2025 revenue guidance to $840–$860 million.

About

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, systems certification, and other products. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial transport, military, and general aviation markets; suppliers to OEMs; and aircraft operators, such as airlines; suppliers to the aircraft operators; and branches of the U.S. Department of Defense. The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the aerospace and defense, communications, and mass transit industries, as well as training and simulation devices for commercial and military applications. This segment serves OEMs and prime government contractors for electronics and military products. Astronics Corporation was incorporated in 1968 and is headquartered in East Aurora, New York.

CEO

Mr. Peter J. Gundermann

IPO

3/17/1980

Website

https://www.astronics.com

Employees

2,500

Sector

Industrials

Industry

Aerospace & Defense