Astronics Corporation (ATRO) News & EventsATROAstronics Corporation

Company Reports Q2 Revenue of $260M, Exceeding Expectations

Reports Q2 revenue $260M, consensus $245.3M. Peter J. Gundermann, Chairman, President and Chief Executive Officer, commented, "We had a very strong second quarter, with record sales, operating income, bookings and backlog. Our adjusted EBITDA margin of 19.8% was a multi-year high. We see continued strength across our range of markets and products, resulting in another step up in our forecasted 2026 revenue level. We expect momentum to build during the second half of the year. It is an exciting time for our Company."

Astronics Wins Patent Dispute Against Lufthansa Technik

Astronics Corporation announced that a favorable judgment has been issued by the UK appellate court presiding over its long-running patent infringement dispute with Lufthansa Technik AG. Lufthansa Technik had filed an appeal of the trial court's February 2025, judgment on damages, and Astronics had filed three appeals. The UK appellate court dismissed in its entirety Lufthansa Technik's appeal, and granted one of Astronics' appeals, which will require Lufthansa Technik to make a partial refund to Astronics of damages previously paid, in an amount yet to be determined. Additional amounts may be payable to Astronics for attorney fees associated with certain elements of the case, based on the court's decision. Either party may request an appeal of the appellate court's decision to the UK Supreme Court, though it is uncertain if the Supreme Court will choose to hear any further appeals.