Quarterly ResultMay 13, 2026, 02:36 PM
Astronics Corp Q1 Net Income $25.5M, Sales $230.6M; EPS $0.71
AI Summary
Astronics Corp reported strong first-quarter results for 2026, with net income significantly increasing to $25.5 million, up 168% year-over-year, and sales rising to $230.6 million. Diluted earnings per share also saw a substantial increase to $0.67. The company maintained a robust total backlog of $734.3 million, with a notable performance in its Aerospace segment, particularly the Seat Motion product line.
Key Highlights
- Net income for Q1 2026 increased 168% to $25.5 million from $9.5 million in Q1 2025.
- Sales for Q1 2026 rose 12% to $230.6 million compared to $205.9 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.67, a 158% increase from $0.26 in Q1 2025.
- Total backlog stood at $734.3 million as of April 4, 2026, with $596.2 million expected in the next 12 months.
- Aerospace segment revenue grew 11.7% to $213.8 million in Q1 2026.
- Test Systems segment revenue increased 15.4% to $16.8 million in Q1 2026.
- Seat Motion product line revenue surged 198% to $19.9 million in Q1 2026.
- Net cash provided by operating activities decreased to $10.6 million from $20.6 million year-over-year.
Price Impact
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