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Astronics Q3 sales beat estimates on aerospace demand; maintains 2026 revenue guidance

By Reuters News


Overview

  • US aerospace technology supplier's Q3 sales rose 28.5%, beating analyst expectations

  • Adjusted diluted EPS for Q3 rose to $0.81 from $0.41 a year earlier

  • Growth driven by strong demand in Aerospace and Test Systems, plus improved productivity and tariff refunds


Outlook

  • Astronics maintains 2026 revenue guidance of $1.02 bln to $1.04 bln

  • Company expects Q4 2026 sales of $255 mln to $275 mln

  • Astronics expects strong double-digit growth in 2027 preliminary outlook


Result Drivers

  • AEROSPACE DEMAND - Co said growth was led by strong demand for inflight entertainment, seat motion, lighting and safety products in Commercial Transport, as well as higher sales in General Aviation and Military Aircraft

  • PRODUCTIVITY & VOLUME - Co said gross profit growth and margin expansion were mainly due to higher volume and improved productivity, along with $1.9 mln in tariff refunds

  • LEGAL & TARIFF BENEFITS - Co benefited from a $4.4 mln refund related to a favorable UK patent appeal and a $1.9 mln tariff refund, which contributed to improved margins


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$271.68 mln

$268.03 mln (5 Analysts)

Q3 Net Income

$52.20 mln

Q3 Adjusted EBITDA

$59.35 mln

Q3 Adjusted EBITDA Margin

21.80%

Q3 Gross Profit

$93.97 mln

Q3 Operating Margin

19.90%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the aerospace & defense peer group is "buy"

  • Wall Street's median 12-month price target for Astronics Corporation is $92.50, about 56.8% above its November 9 closing price of $58.99

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 23 three months ago


Reuters Recommended Reads

  • Nov 10 - TransDigm tops Q4 revenue, adjusted profit estimates

  • Nov 9 - Elmet Group Q3 revenue jumps 56% on aerospace demand

  • Nov 10 - Embraer raises 2026 revenue forecast after strong third quarter; shares jump


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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