EAST AURORA, N.Y., Nov. 08, 2016 (GLOBE NEWSWIRE) -- Astronics Corporation (NASDAQ:ATRO), a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries, today reported financial results for the three and nine months ended October 1, 2016. Earnings per share for all periods are adjusted for the 3 for 20 (15%) distribution of Class B Stock for shareholders of record on October 11, 2016.
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
|
October 1,
2016 |
October 3,
2015 | % Change |
October 1,
2016 |
October 3,
2015 | % Change | ||||||||||||||||||
| Sales | $ | 155,099 | $ | 200,145 | -22.5 | % | $ | 479,055 | $ | 534,939 | -10.4 | % | |||||||||||
| Gross profit | $ | 38,663 | $ | 59,427 | -34.9 | % | $ | 122,981 | $ | 149,041 | -17.5 | % | |||||||||||
| Gross margin | 24.9 | % | 29.7 | % | 25.7 | % | 27.9 | % | |||||||||||||||
| SG&A | $ | 21,138 | $ | 22,297 | -5.2 | % | $ | 65,246 | $ | 66,213 | -1.5 | % | |||||||||||
| SG&A percent of sales | 13.6 | % | 11.1 | % | 13.6 | % | 12.4 | % | |||||||||||||||
| Income from Operations | $ | 17,525 | $ | 37,130 | -52.8 | % | $ | 57,735 | $ | 82,828 | -30.3 | % | |||||||||||
| Operating margin % | 11.3 | % | 18.6 | % | 12.1 | % | 15.5 | % | |||||||||||||||
| Net Income | $ | 12,074 | $ | 24,694 | -51.1 | % | $ | 38,539 | $ | 53,067 | -27.4 | % | |||||||||||
| Net Income % | 7.8 | % | 12.3 | % | 8.0 | % | 9.9 | % | |||||||||||||||
