Overview

* Astronics ( ATRO ) Q3 sales up 3.8% to $211.4 mln, missing analyst expectations

* Company reports Q3 net loss of $11.1 mln due to refinancing-related charges

* Adjusted EBITDA for Q3 was $32.7 mln, or 15.5% of sales

Outlook

* Company expects Q4 revenue between $225 mln and $235 mln

* Astronics ( ATRO ) sees 2025 revenue of $847 mln to $857 mln

* Company anticipates low double-digit growth in 2026

Result Drivers

* AEROSPACE GROWTH - Aerospace segment sales increased 8.5%, driven by demand in Commercial Transport market

* OPERATING MARGIN IMPROVEMENT - Aerospace operating margin improved due to higher volumes, pricing initiatives, and productivity gains

* REFINANCING IMPACT - Net loss of $11.1 mln was impacted by $32.6 mln in refinancing-related charges

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $211.44 $212.07

mln mln (3

Analysts

)

Q3 Net -$11.09

Income mln

Q3 $32.71

Adjusted mln

EBITDA

Q3 15.50%

Adjusted

EBITDA

Margin

Q3 Gross $64.51

Profit mln

Q3 10.90%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for Astronics Corp ( ATRO ) is $51.50, about 5.4% above its November 3 closing price of $48.74

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)