Filing Flows › Astronics (ATRO) › Q4 2024
Astronics (ATRO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 5, 2025
Astronics (ATRO) reported revenue of $209M for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and +2% from the quarter before. Operating margin was 4.3%, net loss $2.8M (1.4% of revenue).
Astronics, Q4 2024: revenue $209M (+7% year over year), operating margin 4.3%, net loss $2.8M, operating cash flow $26.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | +2% | +7% |
| Operating profit | $8.9M | — | — |
| Net earnings | −$2.8M | — | — |
| Operating cash flow | $26.4M | +216% | — |
| Free cash flow | $23.2M | +256% | — |
What changed
Revenue was $208.5M in Q4 2024, up 7% year over year and up 2% from the previous quarter. Aerospace was the largest line at 90% of revenue.
Gross margin was 24.0%, up 3.5 points from a year earlier. Operating profit was $8.9M, a 4.3% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 4% margin then. Operating expenses grew 28% against revenue growth of 7%. The quarter ended with a net loss of $2.8M, narrower than the previous quarter's $11.7M loss. Net interest and other expense of $8.3M was the main reason.
Operating cash flow was $26.4M. Non-cash charges added back $5.9M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $21.2M. Capital expenditures of $3.2M left free cash flow of $23.2M.
Questions
What was Astronics' revenue in the fourth quarter 2024?
Astronics (ATRO) reported revenue of $209M for the fourth quarter 2024 (Q4 2024), +7% from a year earlier and +2% from the quarter before.
Was Astronics profitable in the fourth quarter 2024?
Operating profit was $8.9M (4.3% of revenue) and net loss $2.8M.
Source: Astronics 10-K on SEC EDGAR.