The call highlighted strong performance in the Aerospace segment with record sales and improved adjusted EBITDA, alongside successful pricing strategies and increased revenue guidance. However, challenges in the Test segment, tariff impacts, restructuring costs, and legal expenses present notable setbacks.

Company Guidance

In the second quarter of fiscal year 2025, Astronics Corporation reported sales just under $205 million, marking a 3.3% increase from the same period in 2024, driven by record Aerospace segment sales. Year-to-date sales reached $411 million, up 7.2% from the previous year. Adjusted EBITDA for the quarter was $25.4 million, representing 12.4% of sales, an improvement from the previous year's 10.2%. Despite an EAC-related adjustment of $6.8 million in the Test segment and $6.2 million in restructuring charges in the Aerospace segment, the company maintained a positive outlook. The book-to-bill ratio for the first half of 2025 stood at 1.11, indicating strong market demand. Astronics increased its 2025 revenue guidance to between $840 million and $860 million, with expectations for a stronger second half driven by rising aerospace production rates and Test segment improvements.

Aerospace Segment Record Sales

The Aerospace segment achieved record quarterly sales of $193.6 million, a 9.4% increase year-over-year, driven by strong commercial transport and military sales.

Improved Adjusted EBITDA

Adjusted EBITDA for the quarter was $25.4 million or 12.4% of sales, up from 10.2% in the previous year, reflecting improved profitability from higher volume and productivity in the Aerospace segment.

Positive Book-to-Bill Ratio

The company maintained a positive book-to-bill ratio of 1.11 for the first half of 2025, indicating strong market demand and potential for future growth.

Increased Revenue Guidance

Revenue guidance for 2025 was increased to $840 million to $860 million, up from $820 million to $860 million, reflecting confidence in continued strong performance.

Successful Pricing Increases

The company successfully implemented price increases across various contracts, contributing to improved margin performance.

Astronics (ATRO) Earnings, Revenues Date & History

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ATRO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.34 / -	-0.34	―	―	―
Aug 06, 2025	2025 (Q2)	0.33 / 0.04	0.04	0.00% (0.00)	―
May 06, 2025	2025 (Q1)	0.25 / 0.26	-0.09	388.89% (+0.35)	―
Mar 04, 2025	2024 (Q4)	0.26 / -0.08	0.2	-140.00% (-0.28)	―
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)	―

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

ATRO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$35.37	$30.01	-15.15%
May 06, 2025	$23.49	$27.40	+16.65%
Mar 04, 2025	$19.96	$24.91	+24.80%
Nov 06, 2024	$20.57	$18.13	-11.86%

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.