Astronics Corp (ATRO) Tops Q2 EPS by 9c, Revenues Beat; Offers FY18 Revenue Outlook

Astronics Corp (NASDAQ: ATRO) reported Q2 EPS of $0.49, $0.09 better than the analyst estimate of $0.40. Revenue for the quarter came in at $208.61 million versus the consensus estimate of $195.91 million.

Mr. Gundermann concluded, “We believe we are on track for a strong second half to 2018. The mid-points of our predicted revenue range for the year suggest 26% consolidated sales growth over our 2017 total. Aerospace would see growth of 24%, while Test would see growth of 39%. As we work towards these targets we will also continue to improve our margins. The progress should be impressive in the last two quarters of the year.”

GUIDANCE:

Astronics Corp sees FY2018 revenue of $765-815 million, versus the consensus of $791.01 million.

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

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