ASTRONICS CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $624.5M | $633.1M | $692.3M | $661.0M | $339.9M | $266.4M | $228.2M | $195.8M |
| Cost of Revenue | $487.4M | $473.7M | $504.3M | $494.0M | $252.1M | $197.0M | $167.7M | $148.2M |
| Gross Profit | $137.1M | $159.5M | $187.9M | $167.0M | $87.9M | $69.4M | $60.5M | $47.6M |
| Gross Margin | 22.0% | 25.2% | 27.1% | 25.3% | 25.8% | 26.1% | 26.5% | 24.3% |
| Operating Expenses | ||||||||
| Research & Development | $95.0M | $88.9M | $90.3M | $76.7M | $52.8M | $44.9M | $36.1M | $28.3M |
| SG&A Expense | $88.8M | $84.6M | $89.1M | $79.7M | $45.6M | $36.8M | $27.2M | $23.2M |
| Operating Income | $32.1M | $74.9M | $98.8M | $87.4M | $42.3M | $32.6M | $30.8M | $24.4M |
| Operating Margin | 5.1% | 11.8% | 14.3% | 13.2% | 12.4% | 12.2% | 13.5% | 12.5% |
| Interest Expense | — | — | — | — | — | $1.0M | $1.8M | $2.6M |
| Pretax Income | $25.0M | $68.8M | $94.1M | $79.1M | $38.2M | $31.6M | $29.0M | $21.8M |
| Income Tax Expense | $5.3M | $20.4M | $27.1M | $22.9M | $10.9M | $9.7M | $7.4M | $6.9M |
| Net Income | $19.7M | $48.4M | $67.0M | $56.2M | $27.3M | $21.9M | $21.6M | $14.9M |
| Net Margin | 3.2% | 7.6% | 9.7% | 8.5% | 8.0% | 8.2% | 9.5% | 7.6% |
| EPS (Basic) | $0.60 | $1.44 | $2.29 | $1.96 | $1.13 | $1.06 | $1.29 | $1.09 |
| EPS (Diluted) | $0.58 | $1.40 | $2.22 | $1.87 | $1.08 | $1.00 | $1.21 | $1.05 |
| Shares Outstanding (Basic) | 32.9M | 33.5M | 29.2M | 28.7M | 24.1M | 20.6M | 16.8M | 13.7M |
| Shares Outstanding (Diluted) | 33.7M | 34.5M | 30.2M | 30.0M | 25.3M | 21.8M | 17.8M | 14.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |