Astronics Corp at Wells Fargo Industrials Conference Transcript

Jun 14, 2023 / 03:15PM GMT
Unidentified Analyst

Thanks for joining us, everybody. Our next session is with Astronics. We've got Peter Gundermann, CEO, and David Burney, CFO. So guys, thanks a lot for making the trip to join us.

Peter Gundermann - Astronics Corporation - Chairman, President & CEO

Happy to be here.

Unidentified Analyst

Maybe just to kick it off, I guess, for people little bit less familiar with the story, give you just kind of a quick overview of Astronics and what you guys do.

Peter Gundermann - Astronics Corporation - Chairman, President & CEO

Sure. So Astronics is a -- I guess, a small-cap aerospace systems supplier. We expect revenue this year somewhere in the neighborhood of $640 million to $680 million. Pre-pandemic, we were closer to $800 million, but we were 70% concentrated on commercial transport aircraft. So we had a big hit compared to many companies in the industry. So we went from about $800 million down to $450 million and we've been climbing back over the last couple of years.

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