ASTRONICS CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $862.1M | $795.4M | $689.2M | $534.9M | $444.9M | $502.6M | $772.7M | $803.3M |
| Cost of Revenue | $604.0M | $575.0M | $514.7M | $463.4M | $379.5M | $405.7M | $616.6M | $622.6M |
| Gross Profit | $258.2M | $220.4M | $174.5M | $71.5M | $65.4M | $96.8M | $156.1M | $180.7M |
| Gross Margin | 29.9% | 27.7% | 25.3% | 13.4% | 14.7% | 19.3% | 20.2% | 22.5% |
| Operating Expenses | ||||||||
| Research & Development | $43.5M | $52.1M | $53.7M | $48.3M | $43.3M | $40.2M | $108.9M | $114.3M |
| SG&A Expense | $138.3M | $141.9M | $127.5M | $101.6M | $99.1M | $110.5M | $143.4M | $117.0M |
| Operating Income | $76.4M | $26.5M | $-6.7M | $-30.0M | $-28.7M | $-100.7M | $1.7M | $63.7M |
| Operating Margin | 8.9% | 3.3% | -1.0% | -5.6% | -6.4% | -20.0% | 0.2% | 7.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $31.9M | $-7.9M | $-26.3M | $-29.8M | $-27.0M | $-112.4M | $68.3M | $52.3M |
| Income Tax Expense | $2.6M | $8.3M | $110.0K | $6.0M | $-1.4M | $3.4M | $16.3M | $5.5M |
| Net Income | $29.4M | $-16.2M | $-26.4M | $-35.7M | $-25.6M | $-115.8M | $52.0M | $46.8M |
| Net Margin | 3.4% | -2.0% | -3.8% | -6.7% | -5.7% | -23.0% | 6.7% | 5.8% |
| EPS (Basic) | $0.83 | $-0.46 | $-0.80 | $-1.11 | $-0.82 | $-3.76 | $1.62 | $1.45 |
| EPS (Diluted) | $0.81 | $-0.46 | $-0.80 | $-1.11 | $-0.82 | $-3.76 | $1.60 | $1.41 |
| Shares Outstanding (Basic) | 35.4M | 35.0M | 33.1M | 32.2M | 31.1M | 30.8M | 32.0M | 32.4M |
| Shares Outstanding (Diluted) | 36.5M | 35.0M | 33.1M | 32.2M | 31.1M | 30.8M | 32.5M | 33.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |