Astronics Corporation Reports 2019 First Quarter Financial Results
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Astronics Corp (ATRO) Reports Q1 EPS of $2.35, Revenues Beat; Offers FY19 Revenue Outlook
May 8, 2019 6:46 AM EDTAstronics Corp (NASDAQ: ATRO) reported Q1 EPS of $2.35, versus $0.32 reported last year. Revenue for the quarter came in at $208.2 million versus the consensus estimate of $192.1 million.
Strong sales of $208.2 million, up 16.3% over 2018 first quarterImproved operating margin of 11.0% with income from operations of $22.9 millionFifth consecutive quarter of record Aerospace sales; up 14.5% to $188.5 millionAerospace segment operating profit improves to $25.8 million, or 13.7% of salesRecord Aerospace backlog of $329.2 millionStrong bookings of $205.0 millionSale of semiconductor test business yields $80.1 million pre-tax gainPeter J. Gundermann, President and Chief... More
