Inferra AI / Company / ATRO
Astronics Corp
ATRO · Industrials
Last earnings Aug 11, 2026
Key results
Aerospace operating marginquarter
16.2%
Aerospace operating margin was 16.2% and adjusted operating margin 1 was 16.7% Solid quarterly bookings of $210.4 million and backlog of $646.7 million Generated $34.2 million in cash from operations Refinancing activities included the issuance of a convertible bond during the third quarter and the initiation of a cash
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Adjusted operating marginquarter
16.7%
Aerospace operating margin was 16.2% and adjusted operating margin 1 was 16.7% Solid quarterly bookings of $210.4 million and backlog of $646.7 million Generated $34.2 million in cash from operations Refinancing activities included the issuance of a convertible bond during the third quarter and the initiation of a cash
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Revenuequarter
$200 million
Gundermann, Chairman, President and Chief Executive Officer, commented, We had a solid third quarter, demonstrating continued operational progress to meet strong customer demand with revenue stabilizing above $200 million per quarter.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Aerospace Segment Review (compared with the prior-year period, unless noted otherwise) Aerospace segment sales of $192.7 million increased $15.2 million, or 8.5%.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Operating marginquarter
16.2%
Gundermann commented, Our Aerospace business had a strong third quarter achieving a 16.2% operating margin, well surpassing our near-term margin target and a testament to its potential.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
-MORE- Astronics Corporation Reports 2025 Third Quarter Financial Results November 4, 2025 Page 4 Test Systems Segment Review (compared with the prior-year period, unless noted otherwise) Test Systems segment sales of $18.7 million were down $7.4 million from the comparator quarter in 2024.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Adjusted EPSquarter
5.5%
10 Net income for purposes of calculating adjusted diluted earnings per share includes addback of interest expense on the 5.5% convertible notes, net of income taxes, as required under the if-converted method.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
AI analysis
Q3 2025 · reported Nov 4, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Aerospace operating margin | 16.2% | — | — |
| Adjusted operating margin | 16.7% | — | — |
| Revenue | $200 million | — | — |
| Operating margin | 16.2% | — | — |
| Adjusted EPS | 5.5% | — | — |
Guidance · company-stated
No guidance located in the held release
Margin
Capital allocation
A $32.6 million Loss on Settlement of Debt was the result of certain costs incurred related to the partial repurchase of convertible notes due 2030 discussed in the Balance Sheet and Liquidity section below, compared to a Loss on Settlement of Debt of $7.0 million in the prior year.
Company-stated claims
Historical · increased 102.9% · ebitda
“Adjusted EBITDA 2 increased 102.9% to $51.5 million, and adjusted EBITDA margin 2 expanded 740 basis points to 19.8% of consolidated sales.”
EX-99 · Aug 11, 2026Event summary
Please see the reconciliation of GAAP to non-GAAP financial measures in the tables that accompany this release
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
A $32.6 million Loss on Settlement of Debt was the result of certain costs incurred related to the partial repurchase of convertible notes due 2030 discussed in the Balance Sheet and Liquidity section below, compared to a Loss on Settlement of Debt of $7.0 million in the prior year.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Consolidated net loss of $0.31 per diluted share improved from a net loss of $0.34 per diluted share in the prior-year period from the strength in sales and profitability that more than offset the incremental loss on settlement of debt.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Capital expenditures in the quarter were $13.2 million.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Long-term debt, net of cash, increased $164.2 million to $314.4 million at quarter end compared with $150.2 million at the end of 2024.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
The Notes will mature on January 15, 2031, unless earlier converted, redeemed or repurchased.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
The Company used net proceeds from the offering in part to repurchase approximately $132.0 million, or 80%, of the aggregate principal amount of its 5.500% Convertible Senior Notes due 2030 and pay the $26.9 million cost for the capped calls.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Strategy & priorities
Strong sales supported operating margin expansion, reflecting both meaningful operating leverage on increased volume and the impact of our profitability initiatives.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Gross profit increased $9.3 million to $64.5 million, or 30.5% of sales, an improvement over gross margin of 27.1% in the comparator quarter, primarily attributable to higher volume, pricing initiatives and improved productivity.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
The Company expects that tariff rates will remain in flux in the near future and will refine its strategy as the situation becomes more stable.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
-MORE- Astronics Corporation Reports 2025 Third Quarter Financial Results November 4, 2025 Page 3 Operating margin expansion of 680 basis points and adjusted operating margin 2 expansion of 270 basis points was the result of leverage on higher volume, improved productivity in the Aerospace segment, coupled with savings from the recent Test Systems cost rationalization activities.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Aerospace segment operating profit of $31.2 million, or 16.2% of sales, improved over the prior-year period reflecting the leverage gained on higher volume, pricing initiatives, and improving production efficiencies, combined with a $4.4 million decrease in litigation-related expenses.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Risks & headwinds
Tariff expense in the current quarter was approximately $4 million.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Based on current tariff rates in effect today, Astronics believes the potential incremental impact to annual costs of materials related to direct and known indirect effects is in the range of $15 million to $20 million before mitigation and assuming no exemptions for aerospace-related products.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
The Company believes that certain actions including pass-through pricing, supply chain restructuring, duty drawbacks, the implementation of free trade zones, and other operational adjustments will significantly reduce the anticipated impacts of tariffs over time.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
The Company expects that tariff rates will remain in flux in the near future and will refine its strategy as the situation becomes more stable.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Litigation-related expenses were down $4.3 million, somewhat offset by $1.2 million in higher legal and accounting expenses related to acquisitions.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Aerospace segment operating profit of $31.2 million, or 16.2% of sales, improved over the prior-year period reflecting the leverage gained on higher volume, pricing initiatives, and improving production efficiencies, combined with a $4.4 million decrease in litigation-related expenses.
SEC original ↗Astronics Corp — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Earnings deck slides
0 decks with slide viewAstronics Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
32 documents- Q2 2026
- 10-QATRO
Aug 12, 2026
- 8-KATRO
Aug 11, 2026
- Q1 2026
- 8-KATRO
Jun 1, 2026
- 8-KATRO
May 28, 2026
- 10-QATRO
May 13, 2026
- 8-KATRO
May 12, 2026
- Q4 2025
- 10-KATRO
Feb 26, 2026
- 8-KATRO
Feb 24, 2026
- 8-KATRO
Feb 5, 2026
- 8-KATRO
Jan 14, 2026
- 8-KATRO
Jan 8, 2026
- EX-99ATRO
Jan 8, 2026
- Q3 2025
- 10-QATRO
Nov 6, 2025
- 8-KATRO
Nov 4, 2025
- 8-KATRO
Oct 22, 2025
- Q2 2025
- 8-KATRO
Sep 16, 2025
- 8-KATRO
Sep 9, 2025
- 10-QATRO
Aug 7, 2025
- 8-KATRO
Aug 6, 2025
- Q1 2025
- 8-KATRO
May 27, 2025
- 10-QATRO
May 7, 2025
- 8-KATRO
May 6, 2025
- Q4 2024
- 10-KATRO
Mar 5, 2025
- 8-KATRO
Mar 4, 2025
- 8-KATRO
Feb 21, 2025
- 8-KATRO
Feb 7, 2025
- 8-KATRO
Jan 10, 2025
- EX-99ATRO
Jan 10, 2025
- Q3 2024
- 8-KATRO
Dec 3, 2024
- 8-KATRO
Nov 26, 2024
- 8-KATRO
Nov 25, 2024
- 10-QATRO
Nov 7, 2024
Earnings releases
10 documentsPresentations
1 document- Q4 2025
- ATRODeck
Transcripts
0 documentsNo transcripts for Astronics Corp are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.