Astronics Corporation Reports 2018 Third Quarter Financial Results

EAST AURORA, N.Y. — (BUSINESS WIRE) — November 5, 2018 — Astronics Corporation (Nasdaq: ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries, today reported financial results for the three and nine months ended September 29, 2018. Results for the quarter and the first nine months of 2018 include the results of Telefonix PDT, which was acquired on December 1, 2017 and Custom Control Concepts (“CCC”), which was acquired on April 3, 2017. Earnings per share for all periods are adjusted for the 3 for 20 (15%) distribution of Class B Stock for shareholders of record on October 12, 2018.

  Three Months Ended   Nine Months Ended
($ in thousands)

September 29,
2018

 

September 30,
2017

 

%
Change

September 29,
2018

 

September 30,
2017

 

%
Change

 
Sales $ 212,674 $ 149,636 42.1% $ 600,339 $ 453,146 32.5%
Gross profit $ 46,320 $ 32,493 42.6% $ 133,024 $ 104,960 26.7%
Gross margin 21.8 % 21.7% 22.2% 23.2%
SG&A $ 27,976 $ 22,099 26.6% $ 87,919 $ 65,573 34.1%
SG&A percent of sales 13.2 % 14.8% 14.6% 14.5%
Income from Operations $ 18,344 $ 10,394 76.5% $ 45,105 $ 39,387 14.5%
Operating margin % 8.6 % 6.9% 7.5% 8.7%
Net Income $ 16,999 $ 6,060 180.5% $ 34,318 $ 25,332 35.5%
Net Income % 8.0 % 4.0% 5.7% 5.6%
 

1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Aldec

 True Circuits: Ultra PLL

Featured Video
Editorial
More Editorial  
Latest Blog Posts
Modesto (Mo) CasasGlobal Business in EDA
by Modesto (Mo) Casas
The Contingent Purchase Order Reassures Buyer and Seller
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Meet the New Cylynt, Fighting Software Piracy Around the Globe
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Smart Assembly of SoC Designs
Jobs
Senior Application Engineer Formal Verification for EDA Careers at San Jose and Austin, California
Senior Analog Design Engineers #5337 for EDA Careers at EAST COAST, California
Senior Physical Design/Layout Engineer for EDA Careers at EAST COAST, California
Digital Design ASIC Manager for EDA Careers at RTP, North Carolina
Upcoming Events
57th Design Automation Conference 2020 at San Francisco CA - Jul 19 - 23, 2020
SEMICON West 2020 - Virtual Event at - Jul 20 - 23, 2020
Semicon Southeast Asia 2020 at MITEC Kuala Lumpur Malaysia - Aug 11 - 13, 2020
Drive World Conference & Expo at Santa Clara Convention Center Santa Clara CA - Aug 11 - 13, 2020
DownStream: Solutions for Post Processing PCB Designs
Verific: SystemVerilog & VHDL Parsers
TrueCircuits:



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise