Slide 1: Astronics Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026
Astronics Corporation • 130 Commerce Way • East Aurora, NY • 14052-2164 FOR IMMEDIATE RELEASE Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 • Second quarter sales increased 27.0% to a record $260.0 million • Record operating income was $40.5 millio
Slide 2: Second Quarter Results
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 2 Second Quarter Results Three Months Ended Six Months Ended July 4, June 28, July 4, June 28, ($ in thousands) 2026 2025 % Change 2026 2025 % Change Sales $ 259,957 $ 204,678 27.0
Slide 3: Operating margin expansion and Aerospace Segment Review
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 3 Operating margin expanded 1,330 basis points and adjusted operating margin2 expanded 770 basis points as a result of higher volume and improved productivity in the Aerospace segme
Slide 4: Test Systems Segment Review
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 4 Test Systems Segment Review (compared with the prior-year period, unless noted otherwise) Test Systems segment sales of $22.7 million were up $11.6 million from the comparator qua
Slide 5: 2026 Outlook
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 5 The Company also expects to be reimbursed for a portion its legal fees and those previously paid to Lufthansa, but the amount cannot be estimated at this time. Any reimbursements
Slide 6: Safe Harbor Statement
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 6 Safe Harbor Statement This news release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by
Slide 7: Non-GAAP Measures and Contact Information
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 7 measures, help investors evaluate Astronics core operating and financial performance and business trends consistent with how management evaluates such performance and trends. FINA
Slide 8: Consolidated Statement of Operations Data
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 8 ASTRONICS CORPORATION CONSOLIDATED STATEMENT OF OPERATIONS DATA (Unaudited, $ in thousands except per share amounts) Three Months Ended Six Months Ended 7/4/2026 6/28/2025 7/4/202
Slide 9: Consolidated Balance Sheets
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 9 ASTRONICS CORPORATION CONSOLIDATED BALANCE SHEETS ($ in thousands) (unaudited) 7/4/2026 12/31/2025 ASSETS Cash and cash equivalents $ 9,016 $ 18,180 Accounts receivable, net of al
Slide 10: Consolidated Cash Flows Data
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 10 ASTRONICS CORPORATION CONSOLIDATED CASH FLOWS DATA Six Months Ended (Unaudited, $ in thousands) 7/4/2026 6/28/2025 Cash flows from operating activities: Net income $ 60,600 $ 10,
Slide 11: Segment Sales and Profit
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 11 ASTRONICS CORPORATION SEGMENT SALES AND PROFIT (Unaudited, $ in thousands) Three Months Ended Six Months Ended 7/4/2026 6/28/2025 7/4/2026 6/28/2025 Sales Aerospace $ 237,292 $ 1
Slide 12: Sales by Market and Product Line
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 12 ASTRONICS CORPORATION SALES BY MARKET (Unaudited, $ in thousands) Three Months Ended Six Months Ended 2026 YTD 7/4/2026 6/28/2025 % Change 7/4/2026 6/28/2025 % Change % of Aerosp
Slide 13: Order and Backlog Trend
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 13 ASTRONICS CORPORATION ORDER AND BACKLOG TREND (Unaudited, $ in thousands) Trailing Q3 2025 Q4 2025 Q1 2026 Q2 2026 Twelve Months 9/27/2025 12/31/2025 4/4/2026 7/4/2026 7/4/2026 S
Slide 14: Reconciliation of Net Income to Adjusted EBITDA
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 14 ASTRONICS CORPORATION RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (Unaudited, $ in thousands) Consolidated Three Months Ended Six Months Ended 7/4/2026 6/28/2025 7/4/2026 6/2
Slide 15: Reconciliation of Gross Profit to Adjusted Gross Profit
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 15 ASTRONICS CORPORATION RECONCILIATION OF GROSS PROFIT TO ADJUSTED GROSS PROFIT (Unaudited, $ in thousands) Consolidated Three Months Ended Six Months Ended 7/4/2026 6/28/2025 7/4/
Slide 16: Reconciliation of Operating Income to Adjusted Operating Income
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 16 ASTRONICS CORPORATION RECONCILIATION OF OPERATING INCOME TO ADJUSTED OPERATING INCOME (Unaudited, $ in thousands) Consolidated Three Months Ended Six Months Ended 7/4/2026 6/28/2
Slide 17: Reconciliation of Net Income and Diluted EPS
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 17 ASTRONICS CORPORATION RECONCILIATION OF NET INCOME AND DILUTED EARNINGS PER SHARE TO ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE (Unaudited, $ in thousands except
Slide 18: Reconciliation of Segment Operating Profit
Astronics Corporation Reports Record Operating Income on 27% Sales Growth for Second Quarter 2026 August 11, 2026 Page 18 ASTRONICS CORPORATION RECONCILIATION OF SEGMENT OPERATING PROFIT (LOSS) TO ADJUSTED SEGMENT OPERATING PROFIT (LOSS) (Unaudited, $ in thousands) Three Months Ended Six Months Ende