The chart below shows how ATRO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ATRO sees a -3.01% change in stock price 10 days leading up to the earnings, and a -5.03% change 10 days following the report. On the earnings day itself, the stock moves by +1.22%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Sales Growth Achievement: Sales increased by 25% year-over-year, reaching the high end of our forecasted range.
Strong Profitability Results: Adjusted net income was $12.2 million, or $0.35 per share, reflecting strong profitability.
Operational Efficiency Indicator: Adjusted EBITDA was $27 million, representing 13% of sales, indicating robust operational efficiency.
Adjusted EBITDA Performance: Our trailing 12 months adjusted EBITDA stands at $91 million, showcasing consistent performance improvement.
Aerospace Sales Growth: The aerospace segment saw a 25% increase in sales for the quarter and a 19% increase for the year, highlighting strong demand and growth.
Negative
Revenue Increase Overview: Revenue for the company was about $800 million, which is a significant increase from $33 million 29 years ago, but still reflects a challenging growth trajectory.
Decline in Adjusted Net Income: Adjusted net income was $12.2 million or $0.35 a share, which is a decrease compared to previous periods, indicating a decline in profitability.
Adjusted EBITDA Analysis: Adjusted EBITDA was $27 million, representing only 13% of sales, which is lower than expected and reflects operational inefficiencies.
Warranty Reserve Concerns: The company faced a $3.5 million warranty reserve related to a product that has been experiencing reliability issues over time, indicating potential future liabilities.
Quarterly Loss Comparison: The GAAP loss per share for the quarter was $0.34, compared to a loss of $0.51 in the same quarter last year, showing a worsening financial position.
Astronics Corporation (ATRO) Q3 2024 Earnings Call Transcript
ATRO.O
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