Astronics ( (ATRO) ) has released its Q4 earnings. Here is a breakdown of the information Astronics presented to its investors.
Astronics Corporation is a prominent provider of advanced technologies and products serving the global aerospace, defense, and other mission-critical industries, known for its innovative solutions and customer-focused approach.
In its latest financial report, Astronics Corporation announced a 6.8% increase in fourth-quarter sales to $208.5 million, contributing to a 15.4% rise in total sales for 2024, reaching $795.4 million. Despite a net loss of $2.8 million in the fourth quarter, the company achieved an adjusted EBITDA of $31.5 million, representing 15.1% of sales.
The Aerospace segment was a significant driver of growth, with sales increasing by 12% to a record $188.5 million, fueled by strong demand in the Commercial Transport market. However, the Test Systems segment faced challenges, with sales declining by 24.7% due to lower defense revenue. The company also dealt with increased SG&A expenses due to legal reserves and restructuring charges.
Looking ahead, Astronics maintains its 2025 revenue guidance of $820 million to $860 million, supported by a robust backlog of $599 million and expectations of continued growth in the Aerospace segment. The company plans to focus on improving margins and leveraging its strong operating efficiencies in the coming year.
Astronics’ management remains optimistic about 2025, anticipating moderate growth with continued margin improvements, backed by a strengthened balance sheet and record backlog levels.
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