Astronics Files 8-K on Financial Results & Operations
Ticker: ATROB · Form: 8-K · Filed: Jan 9, 2024 · CIK: 8063
| Field | Detail |
|---|---|
| Company | Astronics Corp (ATROB) |
| Form Type | 8-K |
| Filed Date | Jan 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, corporate-filing
TL;DR
**ATRO just filed an 8-K, likely dropping new financial results or an operational update.**
AI Summary
Astronics Corporation (ATRO) filed an 8-K on January 9, 2024, to report an event under Item 2.02, "Results of Operations and Financial Condition," and Item 9.01, "Financial Statements and Exhibits." This filing indicates that the company is likely to release or has released financial results or an operational update, which could significantly impact investor perception of its performance. For shareholders, this matters because any new financial information, positive or negative, could directly affect the stock price of ATRO.
Why It Matters
This filing signals that Astronics Corporation is providing new financial or operational information, which is crucial for investors to assess the company's health and future prospects.
Risk Assessment
Risk Level: medium — The risk is medium because the filing itself doesn't disclose the financial results, only that they are being reported, leaving the actual impact unknown.
Analyst Insight
A smart investor would monitor Astronics Corporation's news releases closely for the actual financial results and operational updates that this 8-K foreshadows, as these will provide the substance for an informed investment decision.
Key Numbers
- 000-07087 — Commission File Number (identifies Astronics Corporation's filings with the SEC)
- 16-0959303 — I.R.S. Employer Identification No. (identifies Astronics Corporation for tax purposes)
- 716-805-1599 — Registrant's telephone number (contact information for Astronics Corporation)
- $.01 — par value per share (par value of Astronics Corporation's Common Stock)
Key Players & Entities
- ASTRONICS CORP (company) — the registrant filing the 8-K
- January 9, 2024 (date) — date of earliest event reported
- 0000008063-24-000005 (string) — accession number of the filing
- NASDAQ Stock Market (string) — exchange where ATRO Common Stock is registered
- ATRO (string) — trading symbol for Astronics Corporation
Forward-Looking Statements
- Astronics Corporation will release detailed financial results for a recent period shortly after this 8-K filing. (Astronics Corporation) — high confidence, target: 2024-01-31
- The stock price of ATRO will react significantly to the actual content of the financial results once they are fully disclosed. (ATRO) — medium confidence, target: 2024-01-15
FAQ
What specific items were reported in this 8-K filing by Astronics Corporation?
Astronics Corporation reported under Item 2.02, "Results of Operations and Financial Condition," and Item 9.01, "Financial Statements and Exhibits," as indicated in the filing dated January 9, 2024.
What is the trading symbol and the exchange where Astronics Corporation's common stock is registered?
Astronics Corporation's Common Stock trades under the symbol ATRO and is registered on the NASDAQ Stock Market, as stated in the filing.
What is the business address of Astronics Corporation as listed in the 8-K?
The business address of Astronics Corporation is 130 Commerce Way, East Aurora, New York 14052, according to the filing.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 9, 2024, as specified in the 'Date of Report (Date of earliest event reported)' section.
Is Astronics Corporation considered an emerging growth company according to this filing?
No, the filing indicates that Astronics Corporation is not an emerging growth company, as the corresponding box is unchecked.
Filing Stats: 517 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-01-09 17:00:42
Filing Documents
- atro-20240109.htm (8-K) — 23KB
- ex99120240109-pr.htm (EX-99.1) — 15KB
- image_0.jpg (GRAPHIC) — 40KB
- 0000008063-24-000005.txt ( ) — 219KB
- atro-20240109.xsd (EX-101.SCH) — 2KB
- atro-20240109_lab.xml (EX-101.LAB) — 23KB
- atro-20240109_pre.xml (EX-101.PRE) — 12KB
- atro-20240109_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 9, 2024, Astronics Corporation issued a news release announcing preliminary sales and bookings for the fourth quarter of 2023 and inital revenue guidance for 2024. A copy of the press release is attached as Exhibit 99.1. The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing of the registrant, whether made before or after the date hereof, regardless of any general incorporation language in such filing. The information in this report including the exhibit hereto, shall not be deemed to be "filed" for purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Description 99.1 Press Release of Astronics Corporation dated January 9, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Astronics Corporation Dated: January 9, 2024 By: /s/ David C. Burney Name: David C. Burney Executive Vice President and Chief Financial Officer