ATRO - 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 .
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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.
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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.
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2023 Outlook
- Mr. Gundermann commented, “We are maintaining our earlier revenue guidance of $640 million to $680 million for 2023
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Planned capital expenditures for 2023 are expected to be in the range of $17 million to $20 million.
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Astronics GAAP EPS of -$0.21 misses by $0.03, revenue of $158.2M beats by $3.2M