Needham Growth Conference January 13, 2026 Nasdaq: ATRO Peter J. Gundermann, Chairman, President & CEO Nancy L. Hedges, Vice President & CFO astronics.com Safe Harbor Statement This presentation contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words "expect," "anticipate," "plan," "may," "will," "estimate," "feeling" or other similar expressions and include all statements with regard to the Company's pr ...

Key Takeaways ATRO shares jumped 25.5% in a month, beating the aerospace-defense industry and the sector.ATRO posted Q4 revenues above guidance and strong bookings, with preliminary 2026 revenues seen at $950-$990M.ATRO trades at a discounted P/S, has a 2.87 current ratio and ROIC well above the industry average.Astronics Corporation (ATRO) stock has gained 25.5% in the past month, outperforming the Zacks Aerospace-Defense Equipment industry’s growth of 14% and the broader Zacks Aerospace sector’s return of ...

Group 1: Company Performance - Astronics Corporation (ATRO) shares increased by 11.3% to close at $64.81, with trading volume significantly higher than usual [1] - Preliminary results for 2025 indicated strong operating momentum, with fourth-quarter revenue exceeding guidance and full-year revenue showing solid year-over-year growth [3] - The company is expected to report quarterly earnings of $0.55 per share, reflecting a year-over-year increase of 14.6%, and revenues are projected to be $234.83 million, up 12.6% from the previous year [4] Group 2: Industry Context - U.S. President Donald Trump's proposal to increase military spending to $1.5 trillion for 2027 enhances expectations for sustained defense spending, positively impacting aerospace and defense suppliers [2] - Astronics is part of the Zacks Aerospace - Defense Equipment industry, which is currently experiencing positive investor sentiment due to increased defense budget visibility [5] - Woodward (WWD), another company in the same industry, has seen a 1% decrease in stock price but has returned 11.2% over the past month, with its EPS estimate changing by +2.6% over the last month [5][6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 8, 2026 ASTRONICS CORPORATION (Exact name of registrant as specified in its charter) New York 0-7087 16-0959303 (State of Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 130 Commerce Way East Aurora, New York 14052 (Address of principal ...

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) to Webcast Presentations at the Annual Needham Growth Conference & the CJS Securities Annual New Ideas Conference. ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Astronics Corporation (ATRO) - Astronics Corporation currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4] - The stock has shown a price increase of 2.17% over the past week, outperforming the Zacks Aerospace - Defense Equipment industry, which rose by 1.5% [6] - Over the past month, ATRO's shares have increased by 10.7%, compared to the industry's 5.55% [6] - In the last quarter, ATRO shares have risen by 23.15%, and over the past year, they have gained 254.7%, significantly outperforming the S&P 500's increases of 2.39% and 18.18%, respectively [7] Trading Volume - The average 20-day trading volume for ATRO is 561,510 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, one earnings estimate for ATRO has increased, raising the consensus estimate from $1.65 to $1.82 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [10] Conclusion - Given the strong performance metrics and positive earnings outlook, ATRO is positioned as a solid momentum pick and should be considered for investment [12]

Core Insights - The focus on healthy cash flow is becoming increasingly important for investors as they prepare for 2026, emphasizing that consistent cash generation is crucial for sustaining operations, funding growth, and maintaining financial flexibility [1][3] Group 1: Importance of Cash Flow - Profits alone do not guarantee long-term stability; companies with inconsistent cash flows may face challenges even if they are profitable [3] - Positive cash flow indicates an increase in liquid assets, allowing companies to meet obligations, reinvest, and weather downturns, while negative cash flow reduces liquidity and flexibility [5] - Increasing cash flow is essential for future growth, reflecting management's efficiency and reducing reliance on external financing [6] Group 2: Stock Picks Based on Cash Flow - Stocks such as Astronics Corporation (ATRO), Great Lakes Dredge & Dock Corporation (GLDD), Natural Gas Services Group, Inc. (NGS), and Strattec Security Corporation (STRT) are highlighted as strong picks due to improving cash flow trends [2][8] - ATRO is expanding into aircraft lighting integration, with earnings estimates for 2025 and 2026 rising by 10.3% and 8.4%, respectively [9][10] - GLDD's earnings expectations for 2025 and 2026 have increased by 6.9%, supported by strong demand for U.S. dredging operations [10] - NGS has seen earnings estimates improve by 9.5% and 14.1% for 2025 and 2026, respectively, due to its natural gas compression equipment and services [11] - STRT's fiscal 2026 earnings estimate has increased by 23.3%, currently standing at $5.24 per share [12] Group 3: Screening Parameters for Stock Selection - Stocks were screened for those with cash flow in the latest quarter at least equal to the 5-year average cash flow per common share, indicating a positive trend [7] - Additional criteria included a Zacks Rank of 1 (Strong Buy), an average broker rating of 1, a current price of at least $5, and a VGM Score of B or better [8]

Core Viewpoint - The Zacks Aerospace-Defense Equipment industry is expected to benefit from strategic mergers and acquisitions, which enhance operational scale and market presence, despite ongoing supply-chain challenges that may impact production and profitability [1] Industry Overview - The Zacks Aerospace-Defense Equipment industry includes companies that manufacture essential components for aerospace and defense, such as aerostructures, propulsion systems, aircraft engines, and defense electronics, while also providing aftermarket support and services [2] Trends Shaping the Industry - Mergers and Acquisitions: Large companies are leveraging M&As to expand product offerings and capabilities, exemplified by AAR's acquisition of HAECO Americas for $78 million and TransDigm's acquisition of Simmonds Precision Products for nearly $765 million, which enhance their market presence and operational scale [3] - Air Traffic Growth: Global air passenger traffic increased by 5.3% year over year as of October 2025, indicating strong demand for air travel, which boosts the need for replacement parts and maintenance services [4] - Supply-Chain Disruptions: Ongoing supply-chain issues are causing delays in aircraft and parts deliveries, leading to an unprecedented backlog of over 17,000 aircraft, which constrains fleet expansion and keeps aircraft utilization high [5] Industry Performance - The Aerospace-Defense Equipment industry has outperformed the Zacks S&P 500 composite with a 30.6% increase over the past year, while the Aerospace sector rose by 32.9% [9] - The industry is currently trading at an EV/Sales ratio of 12.51X, significantly higher than the S&P 500's 5.74X and the sector's 3.53X, indicating a premium valuation compared to broader markets [12] Notable Companies - **Astronics**: Reported a 3.8% increase in total sales to $211.4 million, driven by an 8.5% growth in its Aerospace segment, with a backlog of $646.7 million [15] - **Innovative Solutions and Support**: Achieved a 78.6% increase in fiscal 2025 sales to $84.3 million, with a backlog of $77.4 million expected to convert into revenue over the next 12 to 24 months [18] - **CurtissWright**: Announced an additional $416 million for share repurchases, reflecting financial strength, with a consensus estimate indicating a 6.9% sales growth for 2026 [21]

In this articleSATSVSATPLONDSATROCharlie ErgenKarl Gehring | Dever Post | Getty ImagesWall Street grew increasingly obsessed with the artificial intelligence boom this year, pouring money into chips, data centers and applications. But investors looking beyond Silicon Valley found outsized returns in another location: Space. Some of the year's biggest market winners were defense companies that benefited from renewed interest in space exploration and military reindustrialization. President Donald Trump's mili ...

NEW YORK, Dec. 23, 2025 /PRNewswire/ --Average weekly trading volume of approximately 556,750 sharesFund's adviser has more than 50 years of small- and micro-cap investment experienceCLOSING PRICES AS OF 11/30/25NAV                                                  11.86MKT10.46AVERAGE ANNUAL TOTAL RETURN AS OF 11/30/25NAV (%)MKT (%)One-Month*-0.25-0.85Year to Date*14.6313.85One-Year9.039.95Three-Year13.7812.97Five-Year10.2111.0310-Year11.6712.28*Not AnnualizedImportant Performance and Expense InformationAll ...