Astronics (ATRO) Conference presentation summary

Business overview and strategy

• Focuses on aerospace, defense, and mission-critical industries with innovative technology solutions and a strategy to grow value through organic development and acquisitions.

• Holds strong market positions in inflight entertainment, electrical power, lighting, safety, and test systems.

• Serves over 290 airlines and major OEMs, including Airbus, Boeing, Embraer, and the U.S. military.

• Recent acquisitions have expanded capabilities in seat motion and IFEC, supporting growth.

Financial performance and outlook

• Trailing twelve months (TTM) Q1 2026 sales reached $886.8 million, with a backlog of $985 million.

• Adjusted EBITDA margin improved to 16.0% for TTM Q1 2026, up from 13.4% the prior year.

• Q1 2026 adjusted net income was $25.5 million, with adjusted diluted EPS of $0.56.

• Free cash flow for the last twelve months was $24.1 million, with $231.8 million in total liquidity.

• 2026 capital expenditures expected at $40–$45 million, with $15–$17 million ERP investment.

Key product lines and market positions

• In-seat power systems power over 2 million seats on 290+ airlines, holding ~90% market share.

• IFEC hardware and connectivity have high penetration in widebody fleets and growing in narrowbody.

• Aircraft lighting systems are industry-leading, serving commercial, military, and business aviation.

• Flight critical electrical power solutions selected for major programs like the U.S. Army MV-75.

• Seat motion solutions have ~30% market share, expanded by Bühler Motor Aviation acquisition.