Why I Still Believe In Astronics Despite Recent Underperformance
Portfolio Pulse from
Astronics has seen a 10% stock decline despite improved Q3 earnings and operational metrics. Sales grew 25%, driven by Aerospace and Test Systems, with margin improvements. Risks include Boeing delays and Lufthansa litigation, but long-term demand and EBITDA growth remain strong.
November 22, 2024 | 11:45 am
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NEUTRAL IMPACT
Astronics' stock has declined by 10% despite a strong Q3 performance with 25% sales growth. The company faces risks from Boeing production delays and litigation with Lufthansa Technik, but long-term demand and EBITDA growth remain promising.
Astronics' stock decline is countered by strong Q3 sales growth and margin improvements. However, risks from Boeing delays and Lufthansa litigation create uncertainty. Long-term demand and EBITDA growth projections are positive, balancing short-term concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100