Astronics (ATRO) in our Pivotal Point Check: Record Order Backlog of $780 Million Drives Annual Forecast Above $1 Billion for the First Time!
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Record revenue in Q2: A revenue growth of 27% to $260 million clearly exceeded market expectations. Breaking the billion-dollar barrier: The management raised the annual forecast to $1.02-1.04 billion. Historic order backlog: A backlog of over $780 million ensures high utilization and well-planned revenues for the upcoming quarters. Astronics is a leading technology and equipment supplier for the global aviation, defense, and critical infrastructure industries. The company caused excitement in the markets on Tuesday, August 11,...
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