November 6, 2012
Astronics Corporation reports 22% revenue growth in third quarter 2012
Astronics Corporation reported consolidated sales for the third quarter of 2012 increased by 22.2% to $68.9m, including $4.1m associated with acquisitions, compared with $56.4m for the same period last year. Aerospace sales increased by $12.3m and Test Systems sales increased by $0.2m. Consolidated sales for the first nine months of 2012 increased by 19.2% to $199.0m, including $10.1m associated with the acquisitions compared with $167.0m for the same period last year. Aerospace sales increased by $34.5m, while Test Systems sales decreased by $2.5m in the first nine months of 2012. Net income for the third quarter of 2012 was $4.9m, a decrease of $1.8m from $6.7 million in the third quarter of 2011. Year-to- date net income was $16.2m in 2012, down $0.2m when compared with $16.4m in the first nine months of 2011.