NASDAQ$ATRO
Astronics Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Astronics reported strong first quarter results with revenue up 18% and record backlog driven by aerospace demand.
Astronics Corporation reported a strong start to 2024, with first-quarter revenue up 18% to $185.1 million. The company achieved an operating income of $1.7 million and an adjusted EBITDA of $19.1 million, alongside record bookings of $205.3 million and a record backlog of $612.5 million.
- Sales grew 18% to $185.1 million in the first quarter.
- Operating income was $1.7 million, representing 0.9% of sales.
- Adjusted EBITDA increased to $19.1 million, or 10.3% of sales.
- Bookings reached $205.3 million, resulting in a record backlog of $612.5 million.
Headline financials
Revenue & EPS history
Astronics · Revenue · Quarterly
$185M
Revenue by segment
Astronics · $163M total across 2 segments · Q3 2023
- Aerospace$142M+26.7%87.2%
- Test Systems$20.8M+8.1%12.8%
Forward guidance
The Company expects second quarter revenue to be in the range of $185 million to $195 million and is maintaining its 2024 revenue guidance of approximately $760 million to $795 million.
Tailwinds
- Supply chain is continuing to improve.
- Team is getting more efficient.
- Continued strong demand and customer enthusiasm will drive growth in coming quarters.
- Expect to drive cash generation and improved profitability.
- 2024 will be a year of strong growth and margin improvement.
Headwinds
- Risk related to aircraft production rates.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-0.8%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+4.1%
Avg return
30 days after
43%
28 / 65 earnings
Positive
+24.8%
Q4 2024
Best reaction
-23.5%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | +2.9% | +22.9% | |
| Q4 2025 | -0.7% | +2.5% | -18.4% | |
| Q3 2025 | -1.3% | -0.3% | +6.6% | |
| Q1 2025 | +16.3% | +24.3% | +42.4% | |
| Q4 2024 | +24.8% | +20.4% | +11.8% | |
| Q3 2024 | -2.4% | -6.6% | -11.5% | |
| Q2 2024 | -12.5% | -20.1% | -2.6% | |
| Q1 2024 | +7.9% | +9.7% | +20.7% | |
| Q4 2023 | -1.0% | -2.4% | -1.7% | |
| Q3 2023 | -11.4% | -8.5% | -6.3% | |
| Q2 2023 | -19.2% | -14.0% | -16.4% | |
| Q1 2023 | +7.2% | +5.3% | +18.4% | |
| Q4 2022 | -3.2% | -4.8% | -12.1% | |
| Q3 2022 | -8.9% | -2.6% | +16.5% | |
| Q2 2022 | -0.2% | +3.6% | -23.3% | |
| Q1 2022 | +3.3% | +5.7% | +9.6% | |
| Q4 2021 | -7.0% | -9.1% | -8.1% | |
| Q3 2021 | -2.1% | -2.8% | -23.5% | |
| Q2 2021 | -14.8% | -12.2% | -17.5% | |
| Q1 2021 | -11.2% | -9.4% | +3.8% | |
| Q4 2020 | +0.3% | -9.8% | -1.5% | |
| Q3 2020 | -3.0% | -2.3% | +77.7% | |
| Q2 2020 | +1.2% | +11.6% | +12.0% | |
| Q1 2020 | +4.4% | +9.1% | +99.9% | |
| Q4 2019 | -13.4% | -11.0% | -58.8% | |
| Q3 2019 | +0.9% | -0.0% | -5.8% | |
| Q2 2019 | -23.5% | -22.6% | -22.7% | |
| Q1 2019 | +20.5% | +19.5% | +29.8% | |
| Q4 2018 | +1.6% | +3.9% | -12.0% | |
| Q3 2018 | -3.0% | -0.6% | +6.6% | |
| Q2 2018 | +9.7% | +10.2% | +10.0% | |
| Q1 2018 | -10.0% | -5.9% | -0.1% | |
| Q4 2017 | -5.4% | -1.8% | -10.5% | |
| Q3 2017 | +5.5% | +7.4% | +23.2% | |
| Q2 2017 | -12.3% | -9.9% | -9.1% | |
| Q1 2017 | -2.0% | -1.4% | -1.5% | |
| Q4 2016 | +1.2% | -0.2% | -10.5% | |
| Q3 2016 | -11.9% | -7.2% | +4.9% | |
| Q2 2016 | +5.1% | +10.0% | +18.0% | |
| Q1 2016 | -7.3% | — | — | |
| Q4 2015 | -9.9% | — | — | |
| Q3 2015 | -6.0% | — | — | |
| Q2 2015 | -11.7% | — | — | |
| Q1 2015 | -4.4% | — | — | |
| Q4 2014 | +16.5% | — | — | |
| Q3 2014 | +6.4% | — | — | |
| Q2 2014 | +12.7% | — | — | |
| Q1 2014 | -1.8% | — | — | |
| Q4 2013 | +9.6% | — | — | |
| Q3 2013 | -0.9% | — | — | |
| Q2 2013 | -5.6% | — | — | |
| Q1 2013 | +14.6% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q4 2009 | -0.1% | — | — | |
| Q4 2012 | +6.5% | — | — | |
| Q3 2012 | -4.0% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2012 | -1.9% | — | — | |
| Q3 2010 | -2.6% | — | — | |
| Q3 2011 | -2.6% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q2 2010 | +0.1% | — | — | |
| Q2 2011 | +0.1% | — | — | |
| Q1 2010 | +2.8% | — | — |
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