The earnings call highlighted strong sales growth and improved performance in the Aerospace segment, indicating a positive trajectory for the company. However, this is offset by significant legal challenges, financial impacts from customer bankruptcies, and uncertainties due to the Boeing strike. While the company is optimistic about future growth, the legal and operational challenges present notable risks.

Company Guidance

During the Astronics Corporation Q3 2024 earnings call, substantial guidance was provided on the financial outlook and operational performance. The company reported a 25% year-over-year increase in sales, with adjusted net income amounting to $12.2 million or $0.35 per share, and adjusted EBITDA of $27 million, representing 13% of sales. Aerospace segment sales were notably strong, up 25% for the quarter and 19% for the year, with an adjusted operating margin of 14.2%. The company is entering the fourth quarter with a backlog of $612 million, compared to a $400 million range in past years when they were at an $800 million run rate. Guidance for Q4 2024 sales was projected between $190 million and $210 million, with full-year 2024 sales expected to reach $777 million to $797 million, reflecting a 14.2% increase from the previous year. The company also discussed several adjustments, including $7 million in refinancing-related expenses and $5.6 million in legal costs, alongside a $2.2 million charge due to an eVTOL customer's bankruptcy.

Strong Sales Growth

Sales were up 25% year-over-year and reached the high end of the forecasted range.

Aerospace Segment Performance

Aerospace segment sales increased by 25% for the quarter and 19% for the year, with an adjusted operating margin improvement to 14.2% from 3.5% the previous year.

Improved Adjusted EBITDA

Adjusted EBITDA was $27 million, representing 13% of sales, and trailing 12 months adjusted EBITDA reached $91 million.

Backlog and Demand

Fourth quarter backlog was $612 million, significantly higher compared to approximately $400 million in previous years.

Positive Outlook for 2025

The company anticipates another year of solid growth in 2025 with continued margin improvement.

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Astronics (ATRO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ATRO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2025	2024 (Q4)	0.21 / -	0.2	―	―	―
Nov 06, 2024	2024 (Q3)	0.18 / -0.34	-0.51	33.33% (+0.17)	―
Aug 01, 2024	2024 (Q2)	0.17 / 0.04	-0.37	110.81% (+0.41)	―
May 02, 2024	2024 (Q1)	0.05 / -0.09	-0.14	35.71% (+0.05)	―
Feb 28, 2024	2023 (Q4)	0.12 / 0.20	-0.21	195.24% (+0.41)	―
Nov 08, 2023	2023 (Q3)	0.03 / -0.51	-0.46	-10.87% (-0.05)	―
Aug 03, 2023	2023 (Q2)	-0.26 / -0.37	-0.34	-8.82% (-0.03)	―
May 09, 2023	2023 (Q1)	-0.31 / -0.14	-0.1	-40.00% (-0.04)	―
Mar 02, 2023	2022 (Q4)	-0.18 / -0.21	0.05	-520.00% (-0.26)	―
Nov 15, 2022	2022 (Q3)	-0.26 / -0.46	-0.23	-100.00% (-0.23)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ATRO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$20.57	$18.13	-11.86%
Aug 01, 2024	$21.82	$20.14	-7.70%
May 02, 2024	$17.22	$18.37	+6.68%
Feb 28, 2024	$19.51	$19.17	-1.74%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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