Astronics's Prel. Q4 Revenue Meets Upper End Of Outlook Range, Announces FY25 Prel. Revenue

Astronics

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Kaufen / Verkaufen

(RTTNews) - Astronics Corp. (ATRO), Friday announced that its fourth quarter preliminary unaudited revenue was approximately between $208 million and $210 million, hitting the upper end of the company's outlook.

For the fiscal year 2024, the company expects preliminary unaudited revenue of around $796 million, up 15.5 percent over the prior year.

Preliminary bookings in the quarter were $199 million, taking the total orders for the fiscal year to nearly $811 million, the aerospace company added.

Meanwhile, the company sees preliminary revenue of $820 million to $860 million for the full year 2025, up roughly 6 percent over the previous year at the mid-point of the range.

CEO Peter Gundermann noted, "We expect 2025 will be another year of solid growth, though more modest, which will allow us to focus on expanding margins through the year and strengthening cash flow."

In the pre-market hours, Astronics's stock is climbing 7.37 percent, to $16.75 on the Nasdaq.