OverviewSuggest Edit

Astronics is a company that designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries. It operates in two segments: Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation, aircraft structures, system certification, and other products. The Test Systems segment develops, manufactures, and maintains automatic test systems, subsystems, and instruments, as well as training and simulation devices for commercial and military applications. The company also provides engineering, design, and certification solutions for commercial aircraft, specializing in connectivity, in-flight entertainment, and electrical power systems.

TypePublic
Founded1968
HQEast Aurora, NY, US
Websiteastronics.com
Employee Ratings3.6
Overall CultureC

Locations

Astronics is headquartered in
East Aurora, United States

Location Map

Latest Updates

Employees (est.) (Dec 2020)2,200(-21%)
Job Openings115
Revenue (FY, 2020)$502.6 M(-34%)
Share Price (Oct 2021)$13.7
Cybersecurity ratingCMore
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Key People/Management at Astronics

Peter J. Gundermann

Peter J. Gundermann

Chairman, President and Chief Executive Officer
David C. Burney

David C. Burney

Executive Vice President and Chief Financial Officer
James S. Kramer

James S. Kramer

President, Astronics Luminescent Systems Inc.
James F. Mulato

James F. Mulato

President, Astronics Test Systems
Michael C. Kuehn

Michael C. Kuehn

President, Astronics Connectivity and Certification Systems
Mark A. Peabody

Mark A. Peabody

President, Astronics Aerospace
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Astronics Office Locations

Astronics has offices in East Aurora, Carlsbad, Chicago, Clackamas and in 13 other locations
East Aurora, NY, US (HQ)
130 Commerce Way
Carlsbad, CA, US
2558 Roosevelt St # 302
Chicago, IL, US
318 W Adams St #700B
Clackamas, OR, US
11241 SE Hwy 212
Everett, WA, US
11400 Airport Rd #201
Fort Lauderdale, FL, US
6830 NW 16th Terrace
Show all (17)

Astronics Financials and Metrics

Astronics Revenue

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View revenue for all periods
Astronics's revenue was reported to be $502.59 m in FY, 2020 which is a 35% decrease from the previous period.
USD

Revenue (Q1, 2021)

105.9m

Gross profit (Q1, 2021)

14.3m

Gross profit margin (Q1, 2021), %

13.5%

Net income (Q1, 2021)

(11.9m)

EBIT (Q1, 2021)

(9.5m)

Market capitalization (12-Oct-2021)

422.0m

Closing stock price (12-Oct-2021)

13.7

Cash (3-Apr-2021)

30.7m

EV

584.5m
Astronics's current market capitalization is $422 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

803.3m772.7m502.6m

Revenue growth, %

29%(4%)(35%)

Cost of goods sold

622.6m616.6m405.7m

Gross profit

180.7m156.1m96.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

208.2m189.1m177.0m157.6m123.7m106.5m105.9m

Cost of goods sold

156.1m148.7m140.2m121.9m96.9m91.3m91.6m

Gross profit

52.1m40.4m36.8m35.7m26.8m15.2m14.3m

Gross profit Margin, %

25%21%21%23%22%14%13%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

16.6m31.9m40.4m

Accounts Receivable

182.3m148.0m93.1m

Inventories

138.7m145.8m157.1m

Current Assets

374.2m343.1m316.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

16.0m17.1m22.8m188.4m46.6m29.9m30.7m

Accounts Receivable

188.6m177.1m159.7m133.7m102.7m92.9m98.7m

Inventories

139.1m142.9m149.6m151.8m156.6m163.5m155.3m

Current Assets

361.4m354.6m352.9m494.5m326.6m313.7m310.2m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

46.8m52.0m(115.8m)

Depreciation and Amortization

35.0m33.0m31.9m

Inventories

(14.7m)(12.7m)(13.6m)

Accounts Payable

9.2m(16.6m)(9.9m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

78.1m84.9m86.1m(67.0m)(90.5m)(95.8m)(11.9m)

Depreciation and Amortization

8.1m16.0m24.2m8.0m16.1m24.1m7.5m

Inventories

(5.9m)(11.3m)(19.0m)(7.2m)(12.8m)(19.8m)430.0k

Accounts Payable

(2.0m)(7.7m)(5.5m)6.3m(446.0k)(9.6m)(4.2m)
USDFY, 2018

EV/EBIT

18.9 x

EV/CFO

21.9 x

EV/FCF

31.2 x

Revenue/Employee

297.5k

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2 x

P/E Ratio

21.6
Show all financial metrics

Astronics Acquisitions / Subsidiaries

Company NameDateDeal Size
Diagnosys Test SystemsOctober 04, 2019$9.5 m
Freedom Communication TechnologiesJuly 01, 2019$22 m
TelefonixOctober 27, 2017
Custom Control ConceptsApril 03, 2017
Armstrong AerospaceDecember 24, 2014
PGA ELECTRONICDecember 09, 2013
AeroSat CorporationOctober 01, 2013
PECOMay 28, 2013$136 m
Max-VizJuly 31, 2012$10 m
Ballard TechnologyNovember 30, 2011$24 m
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Astronics Revenue Breakdown

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Astronics revenue breakdown by business segment: 83.2% from Aerospace and 16.8% from Test Systems

Astronics revenue breakdown by geographic segment: 5.5% from Asia, 17.0% from Europe, 75.1% from United States and 2.5% from Other

Astronics Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Astronics Online and Social Media Presence

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Astronics Company Culture

  • Overall Culture

    C

    70/100

  • CEO Rating

    C-

    68/100

  • Compensation

    B

    81/100

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Astronics Frequently Asked Questions

  • When was Astronics founded?

    Astronics was founded in 1968.

  • Who are Astronics key executives?

    Astronics's key executives are Peter J. Gundermann, David C. Burney and James S. Kramer.

  • How many employees does Astronics have?

    Astronics has 2,200 employees.

  • What is Astronics revenue?

    Latest Astronics annual revenue is $502.6 m.

  • What is Astronics revenue per employee?

    Latest Astronics revenue per employee is $228.4 k.

  • Who are Astronics competitors?

    Competitors of Astronics include Barco, Safran Aerosystems and Kollmorgen.

  • Where is Astronics headquarters?

    Astronics headquarters is located at 130 Commerce Way, East Aurora.

  • Where are Astronics offices?

    Astronics has offices in East Aurora, Carlsbad, Chicago, Clackamas and in 13 other locations.

  • How many offices does Astronics have?

    Astronics has 17 offices.