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Astronics Corp (ATRO.OQ)

ATRO.OQ on NASDAQ Stock Exchange Global Select Market

41.16USD
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Astronics Corporation reports Q3 earnings per share $0.21
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Astronics Corp :Astronics Corporation reports 2017 third quarter financial results and issues preliminary guidance for 2018.Q3 earnings per share $0.21.Q3 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Sees FY 2018 revenue $675 million to $750 million.Astronics Corp qtrly ‍consolidated gross margin was 21.7% in Q3 of 2017 compared with 24.9% in Q3 of 2016​.Astronics Corp - ‍aerospace backlog was $233.2 million at end of q3 2017​.Astronics Corp qtrly ‍consolidated sales were $149.6 million, down $5.5 million from same period last year.Astronics Corp - ‍consolidated backlog at September 30, 2017 was $302.3 million, of which about $148.5 million is expected to ship in 2017​.Astronics Corp - ‍consolidated annual sales in 2017 expected to be in range of $622 million to $636 million​.Astronics Corp - ‍capital equipment spending in 2017 expected to be in range of $17 million to $19 million​.Astronics Corp - ‍Q3 results were a continuation of challenges we have had throughout 2017​.Astronics Corp - qtrly ‍consolidated revenue was nonetheless weaker than expected as programs continued to shift to right​.Astronics Corp - qtrly ‍operating margin and net income were "negatively" impacted​.Astronics Corp - ‍initial guidance for next year anticipates organic growth of well over 10%​.Astronics Corp - expect ‍acquisition of Telefonix PDT to close in next several weeks​.Astronics Corp - ‍anticipate co will revise 2018 revenue range upward before year begins​.  Full Article

Astronics acquires Telefonix
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Astronics Corp :Astronics Corporation announces acquisition of Telefonix Inc.Astronics Corp - Deal for ‍approximately $104 million in cash​.Astronics Corp - Deal for ‍$104 million in cash​.Astronics Corp - ‍Acquisition is expected to be accretive to earnings in 2018​.Astronics - ‍Impact of deal on 2017 earnings will depend on closing date and one-time deal related charges, but is expected to be nominal​.Astronics Corp - ‍ Purchase price of deal funded with Astronics' senior revolving credit facility​.Astronics - ‍ Entered into definitive agreement to acquire substantially all of assets of Telefonix and related co, product development technologies​.  Full Article

Astronics announces 15% Class B stock distribution
Monday, 26 Sep 2016 

Astronics Corp : Stockholders will receive three shares of Class B stock for every twenty shares of common and Class B stock held . Astronics announces 15% Class B stock distribution . Fractional shares will be paid in cash .Expects new shares to be distributed on or about October 18, 2016.  Full Article

Astronics Corp gives FY 2016 revenue guidance
Wednesday, 4 May 2016 

Astronics Corp:Forecasts FY 2016 consolidated sales to be in the range of $665 million to $710 million.  Full Article

Astronics Corp announces $50 mln share repurchase program
Wednesday, 24 Feb 2016 

Astronics Corp:Announces $50 million share repurchase program.Says purchases are expected to be funded by the company's operating cash flows and revolving credit facility.  Full Article

Astronics Corp revises FY 2016 revenue guidance
Wednesday, 17 Feb 2016 

Astronics Corp:Says FY 2016 sales guidance revised to $665 million to $725 million.  Full Article

BRIEF-Astronics Corporation reports Q3 earnings per share $0.21

* Astronics Corporation reports 2017 third quarter financial results and issues preliminary guidance for 2018