Astronics GAAP EPS of -$0.21 misses by $0.03, revenue of $158.2M beats by $3.2M
- Astronics press release (NASDAQ:ATRO): Q4 GAAP EPS of -$0.21 misses by $0.03.
- Revenue of $158.2M (+36.3% Y/Y) beats by $3.2M.
Consolidated adjusted EBITDA increased to $4.3 million, or 2.7% of consolidated sales, compared with adjusted EBITDA loss of $0.8 million, or 0.7% of consolidated sales, in the prior-year period.
Bookings were $182.4 million in the quarter resulting in a book-to-bill ratio of 1.15:1. Backlog of $571.4 million at quarter end was at record levels for the fifth consecutive quarter. Approximately $451.4 million of backlog is expected to ship in 2023.
2023 Outlook
- Mr. Gundermann commented, “We are maintaining our earlier revenue guidance of $640 million to $680 million for 2023
Planned capital expenditures for 2023 are expected to be in the range of $17 million to $20 million.