Astronics Corporation Reports 2019 Third Quarter Financial Results

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Go back to Astronics Corporation Reports 2019 Third Quarter Financial Results

Astronics Corp (ATRO) Misses Q3 EPS by 22c, Offers Q4 and FY20 Guidance

November 5, 2019 6:35 AM EST

Astronics Corp (NASDAQ: ATRO) reported Q3 EPS of $0.04, $0.22 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $177 million versus the consensus estimate of $174.51 million.

Announces restructuring plan for antenna business

GUIDANCE:

Astronics Corp sees Q4 2019 revenue of $175-195 million, versus the consensus of $179.08 million.

We expect fourth quarter sales to be $175 to $195 million, which will result in consolidated sales for 2019 to be in the range of $750 million to $770 million. Of the total, $680 million to $690 million is expected from the Aerospace... More