Astronics Corporation announced preliminary unaudited revenue for the fourth quarter of 2024 was approximately $208 million to $210 million, reaching the upper end of the company's guidance range. This performance indicates strong operational execution despite factors such as sluggish OEM production rates and the Boeing strike. Full year preliminary unaudited revenue for 2024 was approximately $796 million, marking a 15.5% increase over the prior year.
Preliminary bookings in the fourth quarter were $199 million, contributing to total orders of approximately $811 million for the full year. The company has successfully returned to pre-Covid revenue levels, averaging over 20% annual revenue growth over the last three years.
Astronics also initiated its preliminary revenue expectations for 2025, projecting a range of $820 million to $860 million. The midpoint of this range represents an approximate 6% increase over 2024 sales, signaling expectations for continued solid, albeit more modest, growth.
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