Strong Quarterly Revenue
Astronics Corporation reported a revenue of $211.4 million for the third quarter of fiscal year 2025, marking it as the second highest quarterly level ever for the company.
Improved Operating Margins
Operating margin increased to 10.9% from last year's 4.1%, with adjusted operating margin reaching 12.3%.
High Backlog and Bookings
Astronics ended the quarter with a backlog of $647 million, supported by a book-to-bill ratio of 1.0.
Successful Refinancing
The company completed refinancing actions, including issuing a $225 million 0% convertible bond and transitioning to a cash flow revolver, reducing potential dilution and interest expenses.
Positive Free Cash Flow
Generated $34 million in cash during the quarter, with a free cash flow of $21 million.
Acquisitions Enhancing Capabilities
Acquired Envoy Aerospace and Bühler Motor Aviation, expanding capabilities in FAA certification and aircraft seat actuation systems.