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Astronics Corp (ATRO.OQ)

ATRO.OQ on NASDAQ Stock Exchange Global Select Market

26.18USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Astronics says management, board has identified material weakness in internal control over financial reporting
Wednesday, 16 Aug 2017 09:38am EDT 

Aug 16 (Reuters) - Astronics Corp ::Says management, board has identified material weakness in internal control over financial reporting.Astronics - weakness identified in internal control over financial reporting of design of information technology change controls over report writing application.Astronics - management identified deficiencies in certain review controls over the financial statement consolidation process.Astronics says ‍plans to amend annual report on form 10-K for year ended Dec 31, 2016 & qtrly report on form 10-Q for period ended April 1, 2017 -SEC filing​.Astronics - information technology change controls, deficiencies in review control amount to material weakness over financial statement close as of Dec 31, 2016.Astronics - management does not expect adjustments to any previously issued financial statements as a result of these deficiencies.Astronics - internal control over financial reporting not effective at Dec. 31, 2016; disclosure controls, procedures not effective at Dec. 31, 2016, April 1, 2017.  Full Article

Astronics Corp files for non-timely 10-Q
Thursday, 10 Aug 2017 11:18am EDT 

Aug 10 (Reuters) - Astronics Corp ::Astronics Corp files for non-timely 10-Q - SEC filing‍​.Astronics - Unable to file quarterly 10-Q as management is in process of re-evaluating info technology general controls for certain info system at one unit.Astronics Corp - Based on the analysis to date, the company does not expect adjustments to any previously issued financial statements.  Full Article

Astronics Corp Q2 earnings per share $0.26
Wednesday, 2 Aug 2017 06:30am EDT 

Aug 2 (Reuters) - Astronics Corp ::Astronics Corporation reports 2017 second quarter financial results.Sees FY 2017 sales $625 million to $645 million.Q2 earnings per share $0.26.Q2 sales fell 8.1 percent to $151.1 million.Consolidated backlog at July 1, 2017 was $265.6 million, of which approximately $204.6 million is expected to ship in 2017.Capital equipment spending in 2017 is expected to be in range of $21 million to $25 million."We still expect the second half of the year to be stronger than the first half".FY2017 revenue view $649.6 million -- Thomson Reuters I/B/E/S.  Full Article

Astronics Corp reports Q1 EPS $0.38
Thursday, 4 May 2017 06:30am EDT 

May 4 (Reuters) - Astronics Corp :Astronics Corp reports 2017 first quarter financial results.Sees FY 2017 sales $635 million to $690 million.Qtrly sales $152.4 million versus $159.53 million.Q1 earnings per share $0.38.Says for FY 2017 about $545 million to $580 million of revenue is expected from aerospace segment.Says consolidated backlog at April 1, 2017 was $252.7 million, of which approximately $218.7 million is expected to ship in 2017.Says capital equipment spending in 2017 is expected to be in range of $21 million to $25 million.Q1 earnings per share view $0.32, revenue view $151.1 million -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $1.86, revenue view $658.1 million -- Thomson Reuters I/B/E/S.  Full Article

Astronics unit acquires all assets, certain liabilities of Custom Control Concepts LLC for $10.7 mln
Thursday, 6 Apr 2017 05:29pm EDT 

Astronics Corp :Astronics - on April 3, unit of co acquired substantially all assets, certain liabilities of custom control concepts llc for was $10.7 million in cash.  Full Article

Astronics Corporation acquires Custom Controls Concepts
Monday, 3 Apr 2017 04:15pm EDT 

Astronics Corp : Astronics Corporation acquires Custom Controls Concepts .Astronics Corp - Astronics does not expect acquisition to materially impact 2017 earnings, and has not released terms of transaction at this time.  Full Article

Astronics qtrly earnings per share $0.33
Friday, 17 Feb 2017 06:30am EST 

Astronics Corp : Astronics Corporation reports 2016 fourth quarter and full year financial results . Sees FY 2017 sales $640 million to $720 million . Astronics Corp - consolidated sales in 2017 are forecasted to be in range of $640 million to $720 million . Qtrly earnings per share $0.33 . Says consolidated backlog at December 31, 2016 was $258.0 million .Astronics Corp - capital equipment spending in 2017 is expected to be in range of $17 million to $22 million.  Full Article

Astronics announces 15% Class B stock distribution
Monday, 26 Sep 2016 04:15pm EDT 

Astronics Corp : Stockholders will receive three shares of Class B stock for every twenty shares of common and Class B stock held . Astronics announces 15% Class B stock distribution . Fractional shares will be paid in cash .Expects new shares to be distributed on or about October 18, 2016.  Full Article

Astronics Corp gives FY 2016 revenue guidance
Wednesday, 4 May 2016 06:55am EDT 

Astronics Corp:Forecasts FY 2016 consolidated sales to be in the range of $665 million to $710 million.  Full Article

Astronics Corp announces $50 mln share repurchase program
Wednesday, 24 Feb 2016 05:03pm EST 

Astronics Corp:Announces $50 million share repurchase program.Says purchases are expected to be funded by the company's operating cash flows and revolving credit facility.  Full Article

BRIEF-Astronics Corp files for non-timely 10-Q

* Astronics - Unable to file quarterly 10-Q as management is in process of re-evaluating info technology general controls for certain info system at one unit