ASTRONICS CORP
Business
Astronics Corporation is a leading provider of advanced technologies to the global aerospace, defense, and electronics industries. The company designs and manufactures electrical power generation and distribution systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. Operating through two segments—Aerospace and Test Systems—Astronics serves airframe manufacturers, aircraft operators, suppliers, and government contractors across the United States, Canada, France, Germany, and other international markets.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Sales | 862 | 795 | 689 | 535 | 445 | |
| Cost of Products Sold | 604 | 575 | 515 | 463 | 380 | |
| Gross Profit | 258 | 220 | 175 | 72 | 65 | |
| Research and Development Expenses | 44 | 52 | 54 | — | — | |
| Selling, General and Administrative Expenses | 138 | 142 | 127 | 102 | 99 | |
| Income (Loss) from Operations | 76 | 26 | −7 | −30 | −29 | |
| Net Gain on Sale of Businesses | 0 | 0 | 3 | 11 | 11 | |
| Loss on Settlement of Debt | 33 | 10 | 0 | — | — | |
| Other (Income) Expense, Net | −738,000 | 2 | −261,000 | 2 | — | |
| Interest Expense, Net of Interest Income | 13 | 22 | 23 | 9 | — | |
| Income (Loss) Before Income Taxes | 32 | −8 | −26 | −30 | −27 | |
| Provision for Income Taxes | 3 | 8 | 110,000 | 6 | −1 | |
| Net Income (Loss) | 29 | −16 | −26 | −36 | −26 | |
| Basic Earnings (Loss) Per Share (in usd per share) | 0.83 | −0.46 | −0.8 | −1.11 | −0.82 | |
| Diluted Earnings (Loss) Per Share (in usd per share) | 0.81 | −0.46 | −0.8 | −1.11 | −0.82 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | 18 | 9 | 5 | 14 | — | |
| Restricted Cash | 0 | 9 | 7 | 0 | — | |
| Accounts Receivable, Net of Allowance for Estimated Credit Losses | 205 | 191 | 172 | 148 | 107 | |
| Inventories | 197 | 200 | 192 | 188 | 158 | |
| Prepaid Expenses and Other Current Assets | 18 | 17 | 15 | 16 | 45 | |
| Total Current Assets | 438 | 426 | 390 | 365 | 340 | |
| Property, Plant and Equipment, Net of Accumulated Depreciation | 107 | 81 | 85 | 91 | 95 | |
| Operating Right-of-Use Assets | 32 | 24 | 28 | 13 | 16 | |
| Other Assets | 11 | 8 | 7 | 9 | 5 | |
| Intangible Assets, Net of Accumulated Amortization | 55 | 52 | 65 | 79 | 94 | |
| Goodwill | 63 | 58 | 58 | 58 | 58 | |
| Total Assets | 707 | 649 | 634 | 615 | 609 | |
| Accounts Payable | 41 | 43 | 61 | 64 | 35 | |
| Accrued Payroll and Employee Benefits | 35 | 33 | 22 | 16 | 20 | |
| Accrued Income Taxes | 1 | 7 | 3 | 6 | 3 | |
| Current Operating Lease Liabilities | 6 | 5 | 5 | 4 | 7 | |
| Other Accrued Expenses | 32 | 41 | 21 | 24 | 27 | |
| Customer Advanced Payments and Deferred Revenue | 26 | 27 | 22 | 33 | 27 | |
| Total Current Liabilities | 141 | 156 | 143 | 152 | 119 | |
| Long-term Debt | 334 | 169 | 159 | 160 | 163 | |
| Supplemental Retirement Plan and Other Liabilities for Pension Benefits | 27 | 24 | 29 | 27 | 31 | |
| Long-term Operating Lease Liabilities | 38 | 21 | 24 | 10 | 12 | |
| Other Liabilities | 25 | 22 | 27 | 26 | 26 | |
| Deferred Income Taxes | 640,000 | 1 | 1 | 2 | 1 | |
| Total Liabilities | 567 | 393 | 384 | 375 | 353 | |
| Additional Paid-in Capital | 5 | 144 | 130 | 99 | 92 | |
| Accumulated Other Comprehensive Loss | −4 | −4 | −9 | −10 | −14 | |
| Retained Earnings | 217 | 192 | 210 | 240 | 287 | |
| Treasury Stock, 2,750,744 Shares at December 31, 2025 2,694,255 Shares at December 31, 2024 | −77 | −77 | −81 | −90 | −109 | |
| Total Shareholders Equity | 140 | 256 | 250 | 240 | 257 | |
| Total Liabilities and Shareholders Equity | 707 | 649 | 634 | 615 | 609 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and Amortization | 22 | 24 | 26 | 28 | 29 | |
| Amortization of Deferred Financing Fees | 3 | 3 | 3 | 0 | 0 | |
| Provisions for Non-Cash Losses on Inventory and Receivables | 10 | 14 | 16 | 3 | 4 | |
| Equity-based Compensation Expense | 7 | 9 | 7 | 6 | 6 | |
| Deferred Tax (Benefit) Expense | −1 | −20,000 | 146,000 | 19,000 | −441,000 | |
| Operating Lease Non-cash Expense | 6 | 5 | 5 | 6 | 5 | |
| Simplification Initiative-related Non-cash Charges | 6 | 0 | 0 | 0 | 267,000 | |
| Non-cash 401K Contribution and Quarterly Bonus Accrual | 0 | 3 | 7 | 5 | 4 | |
| Non-cash Annual Stock Bonus Accrual | 0 | 0 | 3 | 0 | — | |
| Non-cash Litigation Provision Adjustment | 0 | 4 | −1 | 500,000 | — | |
| Non-cash Deferred Liability Recovery | 0 | 0 | −6 | 0 | 0 | |
| Other | −418,000 | 6 | 2 | 3 | 4 | |
| Accounts Receivable | −8 | −22 | −32 | −42 | −15 | |
| Inventories | −4 | −22 | −13 | −34 | −5 | |
| Accounts Payable | −3 | −18 | −4 | 28 | 9 | |
| Accrued Expenses | −15 | 22 | 5 | 1 | −5 | |
| Income Taxes | −8 | 4 | −2 | 16 | 156,000 | |
| Operating Lease Liabilities | −5 | −5 | −5 | −7 | −6 | |
| Tenant Improvement Allowance Refund | 8 | 0 | 0 | — | — | |
| Cloud Computing Implementation Costs | −1 | 0 | 0 | — | — | |
| Customer Advanced Payments and Deferred Revenue | −4 | 6 | −5 | 5 | −235,000 | |
| Supplemental Retirement Plan Liabilities | −716,000 | −410,000 | −408,000 | −405,000 | −404,000 | |
| Other Assets and Liabilities | 2 | 2 | 1 | −145,000 | 327,000 | |
| Net Cash from Operating Activities | 75 | 31 | −24 | −28 | −6 | |
| Capital Expenditures | −32 | −8 | −8 | −8 | −6 | |
| Acquisitions of Businesses, Net of Cash Acquired | −22 | 0 | 0 | — | 0 | |
| Proceeds from Sale of Businesses and Assets | 0 | 0 | 4 | 22 | 9 | |
| Net Cash from Investing Activities | −54 | −8 | −4 | 14 | 3 | |
| Proceeds from Long-term Debt | 186 | 377 | 140 | — | — | |
| Principal Payments on Long-term Debt | −111 | −375 | −131 | −125 | −30 | |
| Proceeds from Issuance of Convertible Debt | 225 | 0 | 0 | — | — | |
| Partial Repurchase of 2030 Convertible Notes | −286 | 0 | 0 | — | — | |
| Payments for Capped Call Transactions | −27 | 0 | 0 | — | — | |
| Financing-Related Costs | −10 | −12 | −7 | −2 | 0 | |
| Financing Settlement Costs | 0 | −4 | 0 | — | — | |
| Stock Award and Employee Stock Purchase Plan (ESPP) activity | 753,000 | −241,000 | 2 | 97,000 | 3 | |
| Proceeds from At-the-Market (ATM) Stock Sales | 0 | 0 | 21 | 0 | 0 | |
| Other | −141,000 | −145,000 | −47,000 | −93,000 | — | |
| Net Cash from Financing Activities | −22 | −15 | 25 | −1 | −8 | |
| Effect of Exchange Rates on Cash | 1 | −493,000 | 156,000 | −641,000 | −799,000 | |
| (Decrease) Increase in Cash and Cash Equivalents and Restricted Cash | −248,000 | 7 | −2 | −16 | −11 | |
| Interest Paid | 9 | 19 | 18 | 8 | 6 | |
| Income Taxes Paid, Net of Refunds | 12 | 4 | 2 | −10 | −1 | |
| Capital Expenditures in Accounts Payable | 2 | 0 | 0 | 490,000 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ASTRONICS CORP's CIK number?
ASTRONICS CORP's SEC CIK number is 0000008063 (8063). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ASTRONICS CORP's SEC filings?
All of ASTRONICS CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ASTRONICS CORP last report earnings?
ASTRONICS CORP (ATRO) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000008063-26-000024). This is ASTRONICS CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is ASTRONICS CORP's most recent earnings 8-K?
ASTRONICS CORP's latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0000008063-26-000024. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ASTRONICS CORP's latest earnings 8-K →
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