Key Developments: Astronics Corp (ATRO.O)


ATRO.O on Nasdaq

40.87USD
1:16pm EDT
Price Change (% chg)

$-0.18 (-0.44%)
Prev Close
$41.05
Open
$41.15
Day's High
$41.30
Day's Low
$40.51
Volume
52,721
Avg. Vol
68,036
52-wk High
$41.31
52-wk Low
$19.25

Search Stocks

Latest Key Developments (Source: Significant Developments)

Astronics Corp's Induction Starter Generator System Chosen For Pilatus New PC-24 Super Versatile Jet
Monday, 17 Jun 2013 06:55am EDT 

Astronics Corp announced that its wholly-owned subsidiary, Astronics Advanced Electronic Systems Corp. (Astronics AES), will supply Pilatus Aircraft Ltd with the Induction Starter Generator System (ISGS) for their new PC-24 twin-jet.  Full Article

Astronics Corp Announces Acquisition of PECO Inc
Tuesday, 28 May 2013 06:14pm EDT 

Astronics Corp announced that it has entered into a definitive agreement to acquire the outstanding shares of PECO Inc. (PECO) for approximately $136 million in cash. The agreement is expected to close in late June 2013, and is subject to certain conditions, including a review under the Hart-Scott-Rodino Antitrust Improvements Act and the successful arrangement of debt financing by Astronics. PECO, located in Portland, Oregon, designs and manufacturers engineered commercial aerospace interior components and systems for the aerospace industry. The company specializes in Passenger Service Units (PSUs) which incorporate air handling, emergency oxygen, electrical power management and cabin lighting systems. It also manufactures a wide range of fuel access doors that meet stringent strength, fuel sealing and anti-corrosion requirements. PECO enjoys a longstanding relationship with many aerospace customers, including The Boeing Company, for which it provides a variety of products across its line of commercial airliners. Houlihan Lokey acted as the exclusive financial advisor to PECO.  Full Article

Astronics Corp Raises Low End Of Prior FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates
Monday, 6 May 2013 06:55am EDT 

Astronics Corp announced that for fiscal 2013, it expects revenue to be in the range of $280 million to $310 million. The Company anticipates that approximately $270 million to $300 million of forecasted fiscal 2013 revenue will be from its Aerospace segment, while approximately $10 million of the forecasted revenue will be from its Test Systems segment. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $299 million for fiscal 2013.  Full Article

Astronics Corp Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Tuesday, 5 Feb 2013 04:00pm EST 

Astronics Corp announced that it expects revenue for fiscal 2013 in the range of $275-$310 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $301 million for fiscal 2013.  Full Article

Astronics Corp's Luminescent Systems To Supply Exterior Lighting System For KC-390 Military Transport And Tanker Program
Wednesday, 19 Dec 2012 09:48am EST 

Astronics Corp announced that its wholly-owned subsidiary, Luminescent Systems Inc., has been selected by Embraer Defense and Security as a supplier for their KC-390 Military Transport and Tanker Program. Astronics will provide a complete exterior lighting system, including navigation, anti-collision, landing, taxi, aerial refueling and formation lights. The system will feature Astronics' LED technology to provide enhanced optical performance, high reliability and reduced power consumption. The KC-390 is expected to enter service in 2016.  Full Article

Astronics Corp Raises Low End Of Prior FY 2012 Revenue Guidance To A Range In Line With Analysts' Estimates
Tuesday, 6 Nov 2012 06:55am EST 

Astronics Corp announced that it expects fiscal 2012 revenue to be in the range of $267 million to $275 million. Astronics anticipates that approximately $257 million to $263 million of forecasted 2012 revenue will be from its Aerospace segment, while approximately $10 million to $12 million of the forecasted revenue will be from its Test Systems segment. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $268 million for fiscal 2012.  Full Article

Astronics Corp Announces 15% Class B Stock Distribution
Monday, 15 Oct 2012 04:26pm EDT 

Astronics Corp announced a 15% stock distribution of Class B Stock to holders of both Common and Class B Stock. Stockholders will receive three shares of Class B Stock for every 20 shares of Common and Class B Stock held on the record date of October 29, 2012. Fractional shares will be paid in cash. The Company expects the new shares to be distributed on or about November 12, 2012.  Full Article

Astronics Corporation Raises FY 2012 Revenue Guidance
Tuesday, 7 Aug 2012 06:55am EDT 

Astronics Corporation announced that based on strong bookings and recent acquisition of Max-Viz, the Company is increasing expected sales range for fiscal 2012 to $260 million to $275 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $256 million for fiscal 2012.  Full Article

Astronics Corporation Raises FY 2012 Revenue Guidance
Tuesday, 1 May 2012 06:55am EDT 

Astronics Corporation announced that based on feedback from customers and its existing backlog, the Company is raising its revenue expectations for fiscal 2012 in the range of $250 million to $265 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $249 million for fiscal 2012.  Full Article

Astronics Corporation Issues FY 2012 Revenue Guidance Below Analysts' Estimates
Monday, 6 Feb 2012 06:54am EST 

Astronics Corporation announced that for fiscal 2012, it expects revenue to be in the range of $235-$250 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $252 million for fiscal 2012.  Full Article

Astronics Corp News

» More ATRO.O News

Earnings vs. Estimates

» More Financials
Search Stocks