ATRO - Astronics GAAP EPS of -$0.37 misses by $0.14 revenue of $174.5M beats by $2.08M
2023-08-03 16:49:52 ET
- Astronics press release ( NASDAQ: ATRO ): Q2 GAAP EPS of -$0.37 misses by $0.14 .
- Revenue of $174.5M (+35.1% Y/Y) beats by $2.08M .
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Consolidated adjusted EBITDA was $15.8 million, or 9.1% of consolidated sales, compared with an adjusted EBITDA of $2.1 million, or 1.6% of consolidated sales, in the prior-year period.
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Bookings were $207.1 million in the quarter resulting in a book-to-bill ratio of 1.19:1. The quarter closed with a record backlog of $611.1 million. Approximately $502.0 million of backlog is expected to ship over the next twelve months.
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Cash on hand at the end of the quarter was $4.3 million. Capital expenditures in the quarter were $2.2 million. Net debt was $178.7 million.
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Astronics GAAP EPS of -$0.37 misses by $0.14, revenue of $174.5M beats by $2.08M