Astronics Corporation Reports 2016 Second Quarter Financial Results

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• Strong second quarter consolidated sales and bookings of $164.4 million and $181.5 million, respectively
• Record quarterly sales, operating profit and bookings for Aerospace segment

East Aurora, NY | August 3, 2016– Astronics Corporation (NASDAQ: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries, today reported financial results for the three and six months ended July 2, 2016. Earnings per share for 2015 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, “We had strong second quarter performance with our Aerospace business setting new records for sales, operating profit and bookings. Our Test Systems business, as expected, continues to struggle with lower 2016 volume, but is making solid progress on promising programs for the future. All in all, we feel well-positioned and our major initiatives remain on track.”

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