Astronics Corporation Reports 2017 Fourth Quarter and Full Year Financial Results

EAST AURORA, N.Y. — (BUSINESS WIRE) — February 26, 2018 — Astronics Corporation (NASDAQ: ATRO), a leading provider of advanced technologies for the global aerospace, defense and semiconductor industries, today reported financial results for the three and twelve months ended December 31, 2017. Results include the acquisitions of Custom Control Concepts (“CCC”) on April 3, 2017 and Telefonix on December 1, 2017 (collectively, the "Acquired Businesses").

Three Months Ended     Year Ended
December 31, 2017   December 31, 2016   % Change December 31, 2017   December 31, 2016   % Change
 
Sales $ 171,318 $ 154,068 11.2 % $ 624,464 $ 633,123 (1.4 )%
Gross profit $ 32,153 $ 36,486 (11.9 )% $ 137,113 $ 159,467 (14.0 )%
Gross margin 18.8 % 23.7 % 22.0 % 25.2 %
Impairment loss $ 16,237 $ 16,237
SG&A $ 24,012 $ 21,082 13.9 % $ 90,516 $ 86,328 4.9 %
SG&A percent of sales 14.0 % 13.7 % 14.5 % 13.6 %
Income (Loss) from Operations $ (8,096 ) $ 15,404 (152.6 )% $ 30,360 $ 73,139 (58.5 )%
Operating margin % (4.7 )% 10.0 % 4.9 % 11.6 %
Net (Loss) Income $ (5,653 ) $ 9,885 (157.2 )% $ 19,679 $ 48,424 (59.4 )%
Net Income % (3.3 )% 6.4 % 3.2 % 7.6 %
 

1 | 2 | 3 | 4 | 5  Next Page »
Featured Video
Jobs
CAD Engineer for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
GPU Design Verification Engineer for AMD 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