Astronics Reports Preliminary 2023 Revenue Of Approximately $688M, Up 29% Over 2022; Est. $682.98M
Portfolio Pulse from Benzinga Newsdesk
Astronics Corporation has reported preliminary revenue for 2023 at approximately $688 million, marking a 29% increase from 2022. The estimated revenue was $682.98 million. The company also saw preliminary bookings of $185 million in the quarter, with total orders for the year reaching approximately $726 million.
January 09, 2024 | 9:30 pm
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POSITIVE IMPACT
Astronics Corporation's preliminary 2023 revenue shows significant growth of 29% over the previous year, exceeding the estimated revenue. Strong bookings suggest robust demand for their products.
The reported preliminary revenue exceeding estimates and the substantial increase from the previous year's figures are strong indicators of positive performance and growth. This is likely to be viewed favorably by investors and could lead to a short-term increase in stock price. The high relevance and importance are due to the direct financial performance of the company being reported, which is a critical factor for investors. The confidence level is high as the figures are reported by the company itself, indicating reliability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100