Astronics Corporation Reports 2016 Third Quarter Financial Results

EAST AURORA, N.Y., Nov. 08, 2016 (GLOBE NEWSWIRE) -- 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 October 1, 2016.  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 11, 2016.

  Three Months Ended     Nine Months Ended
    October 1,
2016
  October 3,
2015
% Change     October 1,
2016
  October 3,
2015
% Change
            
            
Sales$ 155,099 $ 200,145  -22.5% $ 479,055 $ 534,939  -10.4%
Gross profit$ 38,663 $ 59,427  -34.9% $ 122,981 $ 149,041  -17.5%
Gross margin  24.9%  29.7%    25.7%  27.9% 
SG&A$ 21,138 $ 22,297  -5.2% $ 65,246 $ 66,213  -1.5%
SG&A percent of sales  13.6%  11.1%    13.6%  12.4% 
Income from Operations$ 17,525 $ 37,130  -52.8% $ 57,735 $  82,828     -30.3 %
Operating margin %     11.3 %     18.6 %         12.1 %     15.5 %  
Net Income $   12,074   $   24,694     -51.1 %   $   38,539   $   53,067     -27.4 %
Net Income %     7.8 %     12.3 %         8.0 %     9.9 %  

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Jobs
Design Verification Engineer for Blockwork IT at Milpitas, California
CAD Engineer for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+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