Astronics Corporation Reports 2020 Fourth Quarter and Full Year Financial Results
EAST AURORA, N.Y.–(BUSINESS WIRE)–Astronics Corporation (Nasdaq: ATRO) (“Astronics” or the “Company”), a leading supplier of advanced technologies and products to the global aerospace, defense and other mission critical industries, today reported financial results for the three and twelve months ended December 31, 2020.
Peter J. Gundermann, President and Chief Executive Officer, commented, “Even while the commercial aerospace industry continues to be challenged, there was some good news in the quarter.
- We had sequential improvement in Aerospace bookings.
- We were cash positive in the quarter, generating $5.8 million in cash from operations reflecting the impact of our restructuring efforts.
- We had strong Test…