richardms20
Aug 12, 7:06 PM
$ATRO "The 12-month outlook for Astronics Corporation (ATRO) is highly positive, driven by a raised 2026 revenue guidance of
$1.02 billion to
$1.04 billion following a massive Q2 earnings beat. The company is on track to surpass the
$1 billion annual sales milestone for the first time in its history.
Management expects Q3 sales to come in between
$265 million and
$275 million, with Q4 revenues improving modestly from there.
ATRO reached a near-record backlog of
$780.6 million. Crucially, about 82% of this backlog is expected to convert into recognized revenue over the next 12 months, providing immense visibility into future growth.
Operating margins more than doubled to 15.6% (up from 7.1% last year, driven by operational efficiencies, volume leverage from aerospace demand, and the ramp-up of a key U.S. Army radio test set program.
ATRO generated over
$30 million in operating cash flow in Q2 and expects to remain free-cash-flow positive for the remainder of 2026." AI
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