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Astronics Corporation Reports First Quarter 2025 Revenue Grew 11% Driven by Record Aerospace Sales
First quarter sales increased 11.3% to $205.9 million First quarter net income was $9.5 million, or $0.26 per diluted share; adjusted EBITDA1 was $30.7
About this update from Astronics Corporation
[{"type":"text","content":"\n\nFirst quarter sales increased 11.3% to $205.9 million\n\n\nFirst quarter net income was $9.5 million, or $0.26 per diluted share; adjusted EBITDA1 was $30.7 million, or 15% of sales\n\n\nAerospace segment first quarter sales grew 17% to a record $191.4 million\n\n\nCash flow from operations was $20.6 million in the first quarter\n\n\nAchieved record bookings in the quarter of $279.7 million and record backlog of $673.0 million with book to bill ratio of 1.36x\n\n\nMaintaining 2025 revenue guidance in the range of $820 million to $860 million\n\n\n EAST AURORA, N.Y.--(BUSINESS WIRE)--\nAstronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission critical industries, today reported financial results for the three months ended March 29, 2025.\n\nPeter J. Gundermann, Chairman, President and Chief Executive Officer, commented, “Our first quarter results show a very strong start to 2025. Revenue exceeded the high end of our range, up 11% over the comparator quarter. Our leading market positions with our differentiated offerings for the aerospace industry across commercial, general aviation and military aircraft drove sales growth. Margin expansion reflects the operating leverage gained from higher volume coupled with actions we have been executing to improve operating efficiencies. Adjusted EBITDA1 of $31 million, or 15% of sales, for the quarter and $110 million, or 13.4% of sales, for the trailing twelve months, is a testament to the hard work our team has put into the last several years of recovery. We believe our concerted efforts to provide our customers with engineering excellence and responsive service also helped to deliver record bookings in the quarter. Demand has remained robust resulting in record quarterly bookings of $280 million and a record backlog of $673 million.”\n\nFirst Quarter Results\n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n\n\n($ in thousands)\n\n\n\nMarch 29,\n2025\n\n\n\n \n\n\n\nMarch 30,\n2024\n\n\n\n% Change\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nSales\n\n\n\n$\n\n\n\n205,936\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n185,074\n\n\n\n \n\n\n\n11.3\n\n\n\n%\n\n\n\n\n\nGross Profit\n\n\n\n$\n\n\n\n60,849\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n47,514\n\n\n\n \n\n\n\n28.1\n\n\n\n%\n\n...