Official PayPal Seal

Best-Idea Astronics Posts Second Quarter Results; Raises Full-Year Revenue Outlook

publication date: Aug 9, 2011
author/source: Valuentum Analysts

Best-idea Astronics (ATRO) reported solid second-quarter results Tuesday and raised its revenue outlook for this year. Revenue jumped nearly 18% from the same period a year ago, while the firm’s operating margin expanded over 300 basis points, to 13.1%. During the quarter, the firm received its second-best quarterly bookings in history, at nearly $60 million. Bookings in its aerospace segment advanced 19% from last year’s second quarter and were up 13% on a sequential basis. Total backlog also advanced sequentially and on a year-over-year basis, and the firm noted that it expects to ship 75% of its total backlog by the end of this year. We think the firm’s order pipeline remains robust, given expected build rates of commercial aircraft and the increased use of electrical content on next-generation planes. Such strong performance prompted the firm to up its full-year 2011 revenue guidance to the range of $220 million - $230 million (was $210 million to $225 million). In all, we were pleased with Astronics second-quarter performance and look to continued strength in commercial aerospace in the back half of this year and well into 2012. We continue to be overweight aerospace in our Best Ideas portfolio.

<< Astronics' Second-Quarter Fact Sheet

The High Yield Dividend Newsletter, Best Ideas Newsletter, Dividend Growth Newsletter, Valuentum Exclusive publication, ESG Newsletter, and any reports, data and content found on this website are for information purposes only and should not be considered a solicitation to buy or sell any security. Valuentum is not responsible for any errors or omissions or for results obtained from the use of its newsletters, reports, commentary, data or publications and accepts no liability for how readers may choose to utilize the content. Valuentum is not a money manager, is not a registered investment advisor, and does not offer brokerage or investment banking services. The sources of the data used on this website and reports are believed by Valuentum to be reliable, but the data’s accuracy, completeness or interpretation cannot be guaranteed. Valuentum, its employees, and independent contractors may have long, short or derivative positions in the securities mentioned on this website. The High Yield Dividend Newsletter portfolio, ESG Newsletter portfolio, Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio are not real money portfolios. Performance, including that in the Valuentum Exclusive publication and additional options commentary feature, is hypothetical and does not represent actual trading. Actual results may differ from simulated information, results, or performance being presented. For more information about Valuentum and the products and services it offers, please contact us at