Astronics Corp (ATRO) Misses Q2 EPS by 17c

Astronics Corporation Reports 2017 Second Quarter Financial Results

August 2, 2017 6:30 AM EDT

EAST AURORA, N.Y.--(BUSINESS WIRE)-- 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 1, 2017. Earnings per share for prior periods are adjusted for the 3 for 20 (15%) distribution of Class B Stock for shareholders of record on October 11, 2016. Results include the acquisition of Custom Control Concepts (CCC) on April 3, 2017.

          Three Months Ended Six Months Ended

July 1, 2017

   

July 2, 2016

   

% Change

July 1, 2017

   

July 2, 2016

   

% Change

  Sales $ 151,114 $ 164,426 (8.1)% $ 303,510 $ 323,956 (6.3 )% Gross profit $ 34,150 $ 44,835 (23.8)%... More