Astronics Corp (ATRO) Misses Q4 Views

Astronics Corporation Reports 2017 Fourth Quarter and Full Year Financial Results

February 26, 2018 4:15 PM EST

EAST 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