Astronics Corp (ATRO) Misses Q4 Views
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Astronics Corporation Reports 2017 Fourth Quarter and Full Year Financial Results
February 26, 2018 4:15 PM ESTEAST AURORA, N.Y.--(BUSINESS WIRE)-- Astronics Corporation (NASDAQ: ATRO), a leading provider of advanced technologies for the global aerospace, defense and semiconductor industries, today reported financial results for the three and twelve months ended December 31, 2017. Results include the acquisitions of Custom Control Concepts (CCC) on April 3, 2017 and Telefonix on December 1, 2017 (collectively, the "Acquired Businesses").
Three Months Ended   Year Ended December 31, 2017  December 31, 2016  % Change December 31, 2017  December 31, 2016  % Change  Sales $ 171,318 $ 154,068 11.2 % $ 624,464 $ 633,123 (1.4 )% Gross profit $ 32,153 $ 36,486 (11.9 )% $ 137,113 $ 159,467 (14.0 )% Gross margin 18.8 % 23.7 % 22.0 % 25.2 % Impairment loss $ 16,237... More