Astronics Corporation Reports 2015 Fourth Quarter and Full Year Financial Results


• Aerospace sales up 6% in quarter driven by Electrical Power & Motion products
• Realized record annual sales of $692 million and record net income of $67 million in 2015
• Achieved record annual Aerospace sales of $550 million, up 11.1% over 2014
• 2016 sales guidance revised to $665 million to $725 million
East Aurora, NY | February 17, 2016– Astronics Corporation (NASDAQ: ATRO), a leading supplier of products to the global aerospace, defense, and semiconductor industries, today reported financial results for the fourth quarter and year ended December 31, 2015. Earnings per share for all periods presented are adjusted for the 3 for 20 (15%) distribution of Class B Stock for shareholders of record on October 8, 2015.

Peter J. Gundermann, President and Chief Executive Officer, commented, “Fourth quarter revenue was somewhat lighter than we expected, because some anticipated Aerospace deliveries slid out of the year and into 2016. Still, the quarter capped off a very strong year for our Company, one in which we set numerous records for financial performance, including record sales and record profits. We made solid progress in the year with our capabilities and our customer relationships, setting us up well for continued success in the future.”

Click here to download the entire release and accompanying financial tables.

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