Astronics Posts Record Q4 2025 on Aerospace Demand and Bühler Motor Aviation Acquisition — Astronics Corporation

Event summary

Astronics reported Q4 2025 revenue of $240.1M, up 15.1% YoY, driven by strong aerospace demand.
Operating margin expanded to 14.8% from 4.3% YoY, with adjusted EBITDA margin at 19.0%.
Acquired Bühler Motor Aviation on October 13, 2025 for $22M, advancing market leadership in seat actuation.
Record backlog of $674.5M at year-end, with 79% expected to convert to revenue within 12 months.
Guidance for 2026: Revenue between $950M-$990M (13% growth at midpoint).

The big picture

Astronics' strong Q4 performance reflects the robust demand in aerospace markets, particularly for cabin power and seat motion systems. The acquisition of Bühler Motor Aviation strengthens its position in high-growth segments, while operational efficiencies and pricing initiatives have significantly improved profitability. The company's ability to sustain this momentum will depend on continued demand from commercial transport and military aircraft sectors, as well as successful integration of recent acquisitions.

What we're watching

Aerospace Demand Sustainability: Whether commercial transport and military aircraft demand will continue supporting Astronics' growth trajectory.
Test Systems Profitability: The pace at which the Test Systems segment improves profitability post-U.S. Army radio test program orders.
Integration Success: How effectively Astronics integrates Bühler Motor Aviation to maintain its market leadership position.