Quarterly ResultMay 12, 2026, 04:24 PM
Astronics Q1 Sales +12% to $230.6M; Net Income $25.5M; Record Backlog
AI Summary
Astronics Corporation reported strong first-quarter 2026 financial results, with sales increasing 12.0% to $230.6 million and net income reaching $25.5 million, or $0.67 per diluted share. The company achieved record quarterly bookings of $290.4 million, leading to a record backlog of $734.3 million. Aerospace operating margin expanded to 16.5%, and the company raised its 2026 revenue guidance to $970 million to $1 billion, anticipating continued strong demand and operational improvements.
Key Highlights
- Q1 2026 sales increased 12.0% to $230.6 million compared to prior year.
- Q1 2026 net income was $25.5 million, or $0.67 per diluted share.
- Adjusted EBITDA for Q1 was $37.9 million, or 16.4% of sales.
- Record quarterly bookings reached $290.4 million, with a book-to-bill ratio of 1.26.
- Record backlog stood at $734.3 million at quarter-end.
- Aerospace segment sales increased 11.7% to $213.8 million, with an operating margin of 16.5%.
- Test Systems segment sales grew 15.4% to $16.8 million, achieving an operating profit of $0.4 million.
- 2026 revenue guidance increased to a range of $970 million to $1 billion.