ASTRONICS CORP

Astronics Corporation announced a 20% stock distribution of Class B Stock to holders of both Common and Class B Stock. Shareholders will receive one share of Class B Stock for every five shares held on the record date of June 15, 2026, with distribution expected around June 29, 2026. Fractional shares will be paid in cash. The company stated this continues their custom of distributing Class B shares to reward current shareholders and encourage long-term ownership.

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.

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.