Astronics Corporation (ATRO) saw its stock soar 6.56% in the pre-market trading session on Wednesday, following the release of its strong Q4 2024 earnings results and positive outlook for the aerospace industry.
The company reported record sales of $208.5 million for the fourth quarter, marking a 6.8% year-over-year increase and exceeding Wall Street estimates. The Aerospace segment, its core business, hit an all-time high of $188.5 million in sales, up 11.7% from the previous year.
Astronics' improved operational efficiency was evident in its adjusted operating income, which climbed to 11.4% in Q4, up from 5.9% a year ago. Furthermore, the company generated $26.4 million in cash from operations, its first significantly positive cash quarter since the pre-pandemic period, indicating a robust recovery in the aerospace industry.
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