Astronics Corporation Reports 2018 Fourth Quarter and Full Year Financial Results
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Astronics Corp (ATRO) Tops Q4 EPS by 1c, Revenues Beat; Offers FY19 Revenue Guidance Below Consensus
February 21, 2019 6:38 AM ESTAstronics Corp (NASDAQ: ATRO) reported Q4 EPS of $0.37, $0.01 better than the analyst estimate of $0.36. Revenue for the quarter came in at $202.92 million versus the consensus estimate of $195.09 million.
Peter J. Gundermann, President and Chief Executive Officer, commented, We had a strong finish to 2018. Consolidated sales in the fourth quarter were up 18.4%, leading to 2018 full year sales of $803 million, a 28.6% increase over 2017. The increased volume helped to strengthen margins and deliver net income of $46.8 million in 2018, up from $19.7 million in 2017. We continue to make solid progress improving margins, especially in our Aerospace... More
