Astronics Corporation has reported the company’s financial results for the three and six months ended June 29, 2024, revealing that sales were up $23.7 million, or 13.6%. The company’s aerospace sales increased $18.6 million and Test Systems sales increased $5.1 million.
Peter J. Gundermann, Chairman, President and Chief Executive Officer said: Our second quarter confirmed success with increased demand, new program wins, and our ability to deliver product to our customers more efficiently and predictably. We exceeded our guidance with 14% growth in sales and improved profitability.
“Bookings were at a post-pandemic high, resulting in yet another record backlog. Our strong performance supports raising our expectations for the year. Looking beyond 2024, our market leadership positions, the significant programs that we have won recently, and our high level of innovation point to a long runway for delivering value and improved earnings power.”
