Astronics ( (ATRO) ) has provided an update.
Astronics Corporation reported its financial results for the fourth quarter and full year of 2024, showcasing a 15.4% increase in annual sales to $795.4 million, driven primarily by strong demand in the Aerospace segment. Despite a net loss of $2.8 million in the fourth quarter, the company achieved an adjusted EBITDA of $31.5 million, reflecting improved operating efficiencies and strong cash flow. The company faced a $4.8 million reserve increase due to a UK patent infringement ruling, yet managed to increase its operating income by leveraging higher sales volumes. The company’s robust backlog and improved liquidity position it well for future opportunities in 2025.
More about Astronics
Astronics Corporation is a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries.
YTD Price Performance: 26.73%
Average Trading Volume: 295,778
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $696.1M
For detailed information about ATRO stock, go to TipRanks’ Stock Analysis page.
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