What Happened?

Shares of aerospace and defense technology solutions provider Astronics Corporation (NASDAQ:ATRO) jumped 24.3% in the morning session after the company reported impressive fourth quarter 2024 results that blew past analysts' EBITDA and revenue estimates. Sales rose nearly 7%, driven by double-digit growth in its Aerospace segment, which was impressive given anticipated headwinds related to Boeing's 737 production pause. Gross profit climbed over 25% as higher sales volumes and improved production efficiencies boosted margins. 

One thing to note is that its EPS missed due to a non-recurring $3 million loss on the retirement of some debt. Looking ahead, Astronics projected mid-single-digit growth in 2025, in line with expectations and supported by a record backlog and stabilizing supply chains. Overall, this quarter had some key positives.

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What The Market Is Telling Us

Astronics’s shares are very volatile and have had 20 moves greater than 5% over the last year. But moves this big are rare even for Astronics and indicate this news significantly impacted the market’s perception of the business.

Astronics is up 55% since the beginning of the year, and at $24.49 per share, has set a new 52-week high. Investors who bought $1,000 worth of Astronics’s shares 5 years ago would now be looking at an investment worth $1,342.

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