Quarterly ResultAug 12, 2026, 03:21 PM
Astronics Q2 Net Income $35.1M, Sales $260.0M; H1 EPS $1.31
AI Summary
Astronics Corporation reported strong financial results for the second quarter and first half of 2026. For Q2 2026, net income surged to $35.1 million on sales of $260.0 million. First-half 2026 diluted EPS was $1.31, a significant increase from the prior year. The company also noted a 20% Class B stock distribution and that its 2030 and 2031 convertible notes met price triggers, allowing holders conversion options.
Key Highlights
- Q2 2026 Net Income: $35.1M, up 2568% YoY.
- Q2 2026 Sales: $260.0M, up 27.0% YoY.
- H1 2026 Diluted EPS: $1.31, up 424% YoY.
- H1 2026 Net Income: $60.6M, up 459% YoY.
- H1 2026 Sales: $490.6M, up 19.5% YoY.
- Total backlog reached $780.6M as of July 4, 2026.
- 20% Class B stock distribution adjusted prior periods.
- Convertible notes met price triggers for conversion option.
Price Impact
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