Key Developments: Astronics Corp (ATRO.O)
34.95USD
24 May 2013
$0.32 (+0.92%)
$34.63
$34.23
$34.96
$34.02
33,713
50,998
$34.96
$19.25
Latest Key Developments (Source: Significant Developments)
Astronics Corp Raises Low End Of Prior FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates
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
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
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
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
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
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
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
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 Corporation Acquires Avionics Interface Solutions Supplier Ballard Technology, Inc.
Astronics Corporation announced that it has acquired privately-held Ballard Technology, Inc., an Everett, WA company that designs and produces avionics interface solutions for defense and commercial aerospace applications. Astronics acquired all of the stock of Ballard for $24 million in cash. An additional purchase consideration of up to $5.5 million may be paid by Astronics if Ballard achieves certain revenue growth targets over each of the next five years. Full Article
Astronics Corporation Narrows FY 2011 Revenue Guidance To A Range In Line With Analysts' Estimates
Astronics Corporation announced that for fiscal 2011, it expects revenue to be in the range of $222-$225 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $224 million for fiscal 2011. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
