Astronics Q2 2023 Earnings Report

Astronics EPS Results

• Actual EPS: -$0.37
• Consensus EPS: -$0.03
• Beat/Miss: Missed by -$0.34
• One Year Ago EPS: N/A

Astronics Revenue Results

• Actual Revenue: $174.45 million
• Expected Revenue: $172.33 million
• Beat/Miss: Beat by +$2.12 million
• YoY Revenue Growth: N/A

Astronics Announcement Details

• Quarter: Q2 2023
• Date: 8/3/2023
• Time: N/A

Astronics (NASDAQ:ATRO), 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. The company 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, system certification, and other products. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial, 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, and mass transit industries, as well as training and simulation devices for commercial and military applications. It 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.