Astronics Corp (ATRO) Misses Q3 EPS by 10c

Astronics Corporation Reports 2017 Third Quarter Financial Results and Issues Preliminary Guidance for 2018

November 7, 2017 6:30 AM EST

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 nine months ended September 30, 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   Nine Months Ended

September30, 2017

 

October 1,2016

 

%Change

September30, 2017

 

October 1,2016

 

%Change

  Sales $ 149,636 $ 155,099 (3.5 )% $ 453,146 $ 479,055 (5.4 )% Gross profit $ 32,493... More