Astronics Corporation designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation, aircraft structures, and system certification and other products. The Test Systems segment designs, develops, manufactures, and maintains automatic test systems, subsystems, and instruments that support the semiconductor, aerospace, communications, and weapons test systems, 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.

Type
Public
HQ
East Aurora, US
Founded
1968
Size (employees)
2,304 (est)
Astronics Corporation was founded in 1968 and is headquartered in East Aurora, US
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Key People/Management at Astronics Corporation

Peter Gundermann

Peter Gundermann

President and Chief Executive Officer
James Kramer

James Kramer

Executive Vice President
Mark Peabody

Mark Peabody

Executive Vice President
James Mulato

James Mulato

Executive Vice President
David Burney

David Burney

Executive Vice President and Chief Financial Officer

Astronics Corporation Office Locations

Astronics Corporation has offices in East Aurora, Lebanon, Dorval, Gent and in 10 other locations
East Aurora, US (HQ)
130 Commerce Way
Amherst, US
2b 62 NH-101A
Everett, US
201 11400 Airport Rd
Fort Lauderdale, US
6830 NW 16th Terrace
Irvine, US
4 Goodyear
Itasca, US
1437 Harmony Ct
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Astronics Corporation Financials and Metrics

Astronics Corporation Financials

Astronics Corporation's revenue was reported to be $624.46 m in FY, 2017 which is a 1.4% decrease from the previous period.
USD

Revenue (FY, 2017)

624.5 m

Revenue growth (FY, 2016 - FY, 2017), %

(1.4%)

Gross profit (FY, 2017)

137.1 m

Gross profit margin (FY, 2017), %

22%

Net income (FY, 2017)

19.7 m

EBIT (FY, 2017)

30.4 m

Market capitalization (25-Apr-2018)

1.1 b

Cash (31-Dec-2017)

17.9 m

EV

1.3 b
Astronics Corporation's current market capitalization is $1.1 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

661 m692.3 m633.1 m624.5 m

Revenue growth, %

94%5%(9%)(1%)

Cost of goods sold

494 m504.3 m473.7 m487.4 m

Gross profit

167 m187.9 m159.5 m137.1 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

161.6 m173.2 m200.1 m159.5 m164.4 m155.1 m152.4 m151.1 m149.6 m

Cost of goods sold

121.5 m123.7 m140.7 m120 m119.6 m116.4 m114.1 m117 m117.1 m

Gross profit

40.2 m49.5 m59.4 m39.5 m44.8 m38.7 m38.3 m34.2 m32.5 m

Gross profit Margin, %

25%29%30%25%27%25%25%23%22%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

21.2 m18.6 m17.9 m17.9 m

Accounts Receivable

88.9 m95.3 m109.4 m132.6 m

Prepaid Expenses

12.9 m20.7 m11.2 m14.6 m

Inventories

115.1 m115.5 m116.6 m150.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

22.6 m23.8 m22.4 m15.8 m20.4 m13.3 m10.8 m8.3 m15.4 m

Accounts Receivable

76.3 m98.8 m124.7 m106.2 m106.3 m118.9 m112.8 m120.4 m115 m

Prepaid Expenses

17.6 m18.1 m19.5 m16.4 m11.3 m13.1 m10.7 m14.4 m16 m

Inventories

120.8 m133.4 m119.8 m118.7 m119.3 m120.7 m122.2 m134.4 m139.3 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

56.2 m67 m48.4 m19.7 m

Depreciation and Amortization

27.3 m25.3 m25.8 m27.1 m

Inventories

25.7 m(2.5 m)(2.7 m)(18.1 m)

Accounts Payable

(8 m)(2.2 m)(2 m)10.4 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

10.7 m28.4 m53.1 m11.5 m26.5 m38.5 m11.6 m19.3 m25.3 m

Depreciation and Amortization

6.1 m12.5 m18.8 m6.5 m13.1 m19.5 m6.3 m12.6 m19.3 m

Inventories

(3.5 m)(16.8 m)(4.8 m)(3.1 m)(4.1 m)(5.1 m)(6 m)(10.5 m)(18.5 m)

Accounts Payable

5.5 m9.2 m(1.7 m)2.8 m(10 k)211 k4.4 m3.3 m8.3 m
USDY, 2017

EV/EBIT

43.9 x

EV/CFO

35.2 x

EV/FCF

54.8 x

Revenue/Employee

271 k

Debt/Equity

0.8 x

Debt/Assets

0.4 x

Financial Leverage

2.2 x
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Astronics Corporation Operating Metrics

Astronics Corporation's Backlog was reported to be $393.7m in FY, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

Backlog

$370.70 m$378.50 m$352 m$297 m$274.40 m$276.80 m$293.80 m$275.20 m$258 m$252.70 m$265.60 m$302.30 m$393.70 m
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Astronics Corporation Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Astronics Luminescent Systems
Telefonix October 27, 2017
Custom Control Concepts April 03, 2017
Armstrong Aerospace December 24, 2014
PGA ELECTRONIC December 09, 2013
AeroSat Corporation October 01, 2013
PECO May 28, 2013$136 m
Max-Viz July 31, 2012$10 m
Ballard Technology November 30, 2011$24 m
DME Corporation January 29, 2009
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