Astronics Corporation Reports Record Operating Income on 28% Sales Growth for Third Quarter 2026
Business Wire•10/11/2026•16:15 ET
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Key Highlights
- ➤Sales $271.7M, up 28.5%, reached a quarterly record
- ➤Operating income $54.0M, up 134.1%, produced a 19.9% margin
- ➤Net income $52.2M, or $1.08 diluted EPS, versus prior-year loss
- ➤Backlog $780.0M; Aerospace book-to-bill reached 1.05:1
- ➤2026 revenue guidance maintained at $1.02B to $1.04B
Expert Statements
Peter J. Gundermann, Chairman, President and Chief Executive Officer of Astronics Corporation
“We delivered a strong third quarter, with record sales and operating income and an adjusted EBITDA margin near its all-time high. These results reflect disciplined operational execution and strong demand across our markets. Bookings were a solid $271.1 million following the prior quarter that had benefited from a couple of large program awards. We expect momentum to continue as we head into the final quarter of the year.”
Peter J. Gundermann, Chairman, President and Chief Executive Officer of Astronics Corporation
“Our Aerospace business delivered excellent third quarter results, achieving record quarterly sales and a 22.5% adjusted operating margin. Growth was broad-based, led by strong demand across multiple product lines in Commercial Transport and continued strength in General Aviation. We ended the quarter with record Aerospace backlog of $670.0 million, reflecting the sustained strength of our order pipeline. We are very pleased by the trajectory of this business as we head into the fourth quarter.”
Peter J. Gundermann, Chairman, President and Chief Executive Officer of Astronics Corporation
“Our Test business continued to build momentum in the third quarter, with improved operating profit as production on the U.S. Army's TS-4549/T Radio Test program progressed. We expect continued advancement on this program to drive further improvement in operating performance over the coming quarters, positioning the business for a strong 2027.”
Peter J. Gundermann, Chairman, President and Chief Executive Officer of Astronics Corporation
“We expect a solid fourth quarter to close out a year of strong growth and substantially improved profitability. While fourth quarter sales may be modestly lighter than the third quarter record level, our preliminary outlook for 2027 suggests another year of strong double digit growth. We are planning for a solid finish to this year and preparing for an exciting 2027.”
Astronics Corporation Reports Record Operating Income on 28% Sales Growth for Third Quarter 2026
Third quarter sales increased 28.5% to a record $271.7 million
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