$59.850
-2.382 (-3.98%)At close
ATRO News
ATRO Events
Astronics Stock Rises 22.3% to $91.60
Astronics is up 22.3%, or $16.69 to $91.60.
Company Expects Record Sales in Q3, 2026 CapEx to Reach $45M
Previous view $970M-$1B. Gundermann concluded, "We expect to set yet another quarterly sales record in the third quarter, with revenue in the fourth quarter to improve modestly from there. Given our record backlog and the continued strength in our order book, we believe we are well situated to deliver growth for the foreseeable future." Planned capital expenditures in 2026 are expected to be in the range of $40 million to $45 million driven largely by costs associated with the Seattle operation consolidation, which will conclude in the third quarter. The Company estimates future IEEPA tariff refunds will range from $6 million to $8 million although the timing of such receipts cannot be confirmed at this time.
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 Sees Q3 Revenue of $265M-$275M
Astronics sees Q3 revenue $265M-$275M, consensus $252.99M
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.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.