Earnings Releases·Nov 10, 2026, 4:19 PM ET

Astronics Corporation — Third Quarter 2026 Earnings Summary

Third quarter sales reached a record $271.7 million (up 28.5% YoY) with net income of $52.2 million ($1.08 EPS), a significant turnaround from a $11.1 million loss in the prior year; nine-month net income totaled $112.8 million.
Operating margins expanded significantly, with record operating income of $54.0 million (19.9% margin) and adjusted EBITDA of $59.3 million (21.8% margin), both up over 80% year-over-year.
The company maintained full-year 2026 revenue guidance of $1.02 billion to $1.04 billion and provided a preliminary outlook for 2027 indicating another year of strong double-digit growth.
Aerospace segment bookings exceeded 1:1 for five consecutive quarters, driving a record backlog of $670.0 million, while the Test Systems segment secured the TS-4549/T program expected to reach full rate production in Q1 2027.
Strategic highlights include the acquisition of Bühler Motor Aviation, a $4.4 million favorable UK patent settlement, and a reduction in long-term debt by $49.7 million to $284.8 million.