By EAST AURORA EDITOR (5/5/2010 5:10:12 PM)
MarketWatch.Com - Astronics Corporation /quotes/comstock/15*!atro/quotes/nls/atro (ATRO 15.46, +1.14, +7.96%) , a leader in advanced, high performance lighting, electrical power and automated test systems for the global aerospace and defense industries, today reported financial results for the first quarter of 2010.
Sales in the first quarter of 2010 were $46.9 million, down $3.1 million, or 6.2%, from the prior year period. The 2010 first quarter included sales for Astronics' DME subsidiary for the entire period while the 2009 first quarter included DME sales for a nine week period. Astronics acquired DME on January 30, 2009. The Company reported net income in the first quarter of 2010 of $3.4 million, or $0.31 per diluted share, compared with net income of $1.4 million, or $0.13 per diluted share, in the same period of last year. Consolidated bookings in the first quarter totaled $54.3 million, an increase of 76% over the first quarter of 2009.
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