Astronics Corporation (ATRO) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I just wanted to continue our program this afternoon. Gosh, time flies. My name's Gautam Khanna, TD Cowan analyst. I cover Astronics and Aerospace and Defense broadly at Cowan. Very pleased to have with us Peter Gunderman, Chairman, President, and CEO, and Nancy Hedges, Chief Financial Officer of Astronics. Thank you for coming, guys. Thanks for having us. Thanks for having us. You're right. It's good to save the best for last. Yeah, exactly. I was just going to ask Peter and Nancy to just give us a very quick kind of introduction of the company so that everyone knows what Astronix does, and then we'll go right into Q&A. Okay. A quick overview. We're an aerospace system supplier. We're 90% aerospace. We do have a second segment. that we call test. But most of our investors think of us as an aerospace company. We act like an aerospace company. We are 70% commercial transport and 10% military, 10% business jet, 10% test. That's a simple way to look at our company. And if you look back at our financials during the pandemic, that helps explain the drastic movement in our financial results. I mean, we got hit really hard by the pandemic. With that 70% exposure, we've also come storming back. This year, we're expecting top line revenue pushing a billion dollars. We just reported, or we pre-reported the fourth quarter That was a record quarter for us. We just feel like 10% to 15% growth and improved income statement results in 2026 are so close we can taste it and feel it. It's going to be a good year for us. In terms of product lines, approximately half our business is derived by in-flight entertainment or connectivity. It's what passengers do in the cabins of commercial airplanes. Everybody's carrying electronic devices. Everybody wants to be connected and entertained. An...