Filing Flows › Astronics (ATRO) › Q1 2025
Astronics (ATRO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Astronics (ATRO) reported revenue of $206M for the first quarter 2025 (Q1 2025), +11% from a year earlier and -1% from the quarter before. Operating margin was 6.4%, net earnings $9.5M (4.6% of revenue).
Astronics, Q1 2025: revenue $206M (+11% year over year), operating margin 6.4%, net earnings $9.5M, operating cash flow $20.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $206M | -1% | +11% |
| Gross profit | $60.8M | +22% | +28% |
| Operating profit | $13.1M | +48% | +689% |
| Net earnings | $9.5M | — | — |
| Operating cash flow | $20.6M | -22% | +913% |
| Free cash flow | $18.5M | -20% | 42× |
What changed
Revenue was $205.9M in Q1 2025, up 11% year over year and down 1% from the previous quarter. Aerospace was the largest line at 93% of revenue. Aerospace added $27.7M year over year (up 17%), 133% of the total change. Test Systems Segment declined 32%.
Gross margin was 29.5%, up 3.9 points from a year earlier. Operating profit was $13.1M, a 6.4% margin (up 5.5 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 1% margin then. Operating expenses grew 4% against revenue growth of 11%. The fastest-growing cost line was SG&A (+13%). Net earnings were $9.5M. The effective tax rate was 6.3%.
Operating cash flow was $20.6M (up 913% year over year), 217% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $3.2M. Capital expenditures of $2.1M left free cash flow of $18.5M.
Questions
What was Astronics' revenue in the first quarter 2025?
Astronics (ATRO) reported revenue of $206M for the first quarter 2025 (Q1 2025), +11% from a year earlier and -1% from the quarter before.
Was Astronics profitable in the first quarter 2025?
Operating profit was $13.1M (6.4% of revenue) and net earnings $9.5M.
Source: Astronics 10-Q on SEC EDGAR.