What Happened?
Shares of aerospace and defense technology solutions provider Astronics Corporation (NASDAQ: ATRO) jumped 24.3% in the morning session after the company reported impressive fourth quarter 2024 results that blew past analysts' EBITDA and revenue estimates. Sales rose nearly 7%, driven by double-digit growth in its Aerospace segment, which was impressive given anticipated headwinds related to Boeing's 737 production pause. Gross profit climbed over 25% as higher sales volumes and improved production efficiencies boosted margins.
One thing to note is that its EPS missed due to a non-recurring $3 million loss on the retirement of some debt. Looking ahead, Astronics projected mid-single-digit growth in 2025, in line with expectations and supported by a record backlog and stabilizing supply chains. Overall, this quarter had some key positives.
Is now the time to buy Astronics? Access our full analysis report here, it’s free.
What The Market Is Telling Us
Astronics’s shares are very volatile and have had 20 moves greater than 5% over the last year. But moves this big are rare even for Astronics and indicate this news significantly impacted the market’s perception of the business.
Astronics is up 55% since the beginning of the year, and at $24.49 per share, has set a new 52-week high. Investors who bought $1,000 worth of Astronics’s shares 5 years ago would now be looking at an investment worth $1,342.
Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.
