Astronics Corp (ATRO) Misses Q3 EPS by 4c; Guides FY15, FY16 to Low-Side of Expectations

Astronics Corp (NASDAQ: ATRO) reported Q3 EPS of $0.90, $0.04 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $200.2 million versus the consensus estimate of $200.22 million.

Forecast

Consolidated sales in 2015 are forecasted to be in the range of $690 million to $705 million. Approximately $553 million to $564 million of revenue is expected from the Aerospace segment. Test Systems segment revenue for 2015 is expected to be approximately $137 million to $141 million.

*** The Street sees FY15 revenue of $704.5 million.

Consolidated backlog at October 3, 2015 was $297.0 million, of which $147.9 million is expected to ship in 2015.

Capital expenditures were $15.9 million through the first three quarters of 2015 and are expected to be in the range of $20 million to $25 million for the year. E&D spending is expected to continue at about the level it has been running the last three quarters.

The Company is establishing initial revenue guidance for 2016 of $690 million to $750 million. The Aerospace segment is expected to generate $572 million to $616 million of revenue, and the Test Systems segment is expected to generate $118 million to $134 million.

*** Consensus estimates call for FY16 revenue of $749.5 million.

For earnings history and earnings-related data on Astronics Corp (ATRO) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Algorhythm Holdings (RIME) Tops Q2 EPS by 54c
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c