EAST AURORA, N.Y. — (BUSINESS WIRE) — February 26, 2018 — Astronics Corporation (NASDAQ: ATRO), a leading provider of advanced technologies for the global aerospace, defense and semiconductor industries, today reported financial results for the three and twelve months ended December 31, 2017. Results include the acquisitions of Custom Control Concepts (“CCC”) on April 3, 2017 and Telefonix on December 1, 2017 (collectively, the "Acquired Businesses").
| Three Months Ended | Year Ended | |||||||||||||||||||||
| December 31, 2017 | December 31, 2016 | % Change | December 31, 2017 | December 31, 2016 | % Change | |||||||||||||||||
| Sales | $ | 171,318 | $ | 154,068 | 11.2 | % | $ | 624,464 | $ | 633,123 | (1.4 | )% | ||||||||||
| Gross profit | $ | 32,153 | $ | 36,486 | (11.9 | )% | $ | 137,113 | $ | 159,467 | (14.0 | )% | ||||||||||
| Gross margin | 18.8 | % | 23.7 | % | 22.0 | % | 25.2 | % | ||||||||||||||
| Impairment loss | $ | 16,237 | — | $ | 16,237 | — | ||||||||||||||||
| SG&A | $ | 24,012 | $ | 21,082 | 13.9 | % | $ | 90,516 | $ | 86,328 | 4.9 | % | ||||||||||
| SG&A percent of sales | 14.0 | % | 13.7 | % | 14.5 | % | 13.6 | % | ||||||||||||||
| Income (Loss) from Operations | $ | (8,096 | ) | $ | 15,404 | (152.6 | )% | $ | 30,360 | $ | 73,139 | (58.5 | )% | |||||||||
| Operating margin % | (4.7 | )% | 10.0 | % | 4.9 | % | 11.6 | % | ||||||||||||||
| Net (Loss) Income | $ | (5,653 | ) | $ | 9,885 | (157.2 | )% | $ | 19,679 | $ | 48,424 | (59.4 | )% | |||||||||
| Net Income % | (3.3 | )% | 6.4 | % | 3.2 | % | 7.6 | % | ||||||||||||||
