Astronics Corp (ATRO) Misses Q4 EPS by 54c, Revenues Beat
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Astronics Corporation Reports 2020 Fourth Quarter and Full Year Financial Results
February 23, 2021 6:30 AM ESTFourth quarter sales of $114.8 million; full year sales of $502.6 million Fourth quarter pre-tax loss of $7.5 million and net loss of $20.0 million due to the non-cash reserve of $14.1 million against deferred tax assets Fourth quarter Adjusted EBITDA* was $2.9 million Fourth quarter bookings were $116.0 million, demonstrating sequential improvement Backlog at end of the year was $283.4 million
*Adjusted EBITDA is a Non-GAAP Performance Measure. Please see the attached table for a reconciliation of Adjusted EBITDA to GAAP net income/(loss).
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