ATRO

• Record operating income was $40.5 million, or 15.6% of sales; net income was $35.1 million, or $0.75 per diluted share.
• Adjusted EBITDA was $51.5 million, or 19.8% of sales, a multi-year high.
• Record quarterly bookings of $306.2 million resulted in a book-to-bill ratio of 1.18:1; backlog reached a record $780.6 million.
• Company raised 2026 revenue guidance to $1.02 billion to $1.04 billion, with Q3 sales expected between $265 million and $275 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• On June 1, 2026, Astronics Corporation announced a 20% stock distribution of Class B Stock to holders of both Common and Class B Stock.
• The new Class B shares are expected to be distributed on or about June 29, 2026.
• This will be the fifteenth Class B distribution since 1987; after the distribution, approximately 32.1 million Common and 10.9 million Class B shares are expected to be outstanding.
• Class B Stock carries ten votes per share, is not tradable, and is convertible at any time into one share of Common Stock.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Shareholders ratified Ernst & Young LLP as independent auditor for fiscal year 2026, with 51,289,688 votes for, 523,194 against, and 84,090 abstentions.
• The non-binding advisory vote on executive compensation passed with 44,813,274 votes for, 1,366,153 against, and 205,507 abstentions.
• The 2026 Long Term Incentive Plan was adopted with 42,885,555 votes for, 3,344,537 against, and 154,842 abstentions.
• The 2026 Employee Stock Purchase Plan was adopted with 46,218,739 votes for, 146,323 against, and 19,872 abstentions.

5.07 Submission of Matters to a Vote of Security Holders

• Adjusted EBITDA was $37.9 million, or 16.4% of sales, up from 14.9% in the prior-year period.
• Record quarterly bookings of $290.4 million resulted in a book-to-bill ratio of 1.26:1, and backlog reached a record $734.3 million.
• Aerospace segment sales rose 11.7% to $213.8 million, with operating margin expanding to 16.5% (17.4% adjusted).
• The company raised its 2026 revenue guidance to a range of $970 million to $1 billion, and expects Q2 2026 sales of $245 million to $250 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Fourth quarter sales grew 15.1% to a record $240.1 million, with Aerospace sales up 16.5% to $219.6 million.
• Adjusted EBITDA for the quarter was $45.7 million, or 19.0% of sales, up 44.8% year over year.
• Bookings in the quarter were $257.2 million, and backlog reached a record $674.5 million at year-end.
• The company maintained 2026 revenue guidance of $950 million to $990 million and expects Q1 2026 revenue of $220 million to $230 million.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Preliminary Q4 2025 adjusted EBITDA margin estimated at a minimum of 18% of revenue.
• Preliminary full-year 2025 revenue estimated at $861.5 million, with adjusted EBITDA margin of at least 15%.
• Preliminary Q4 bookings approximately $257 million, bringing full-year bookings to about $924 million.
• Company maintains 2026 revenue guidance of $950 million to $990 million, a 10% to 15% increase over 2025.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Preliminary full-year 2025 revenue was approximately $860 million, with Test Systems at $88.7 million and Aerospace at $773 million.
• For 2026, the company expects total revenue of $950 to $990 million, including Test segment revenue of $90 to $100 million.
• The Test segment is expected to achieve profitability in 2026, with a production order for the U.S. Army Radio Test Set 4549/T anticipated in the first half of 2026.
• The company highlighted strong operating leverage, with Aerospace segment achieving 45% operating leverage in the quarter and 50% year-to-date, offsetting a $4 million tariff impact.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Full-year 2025 preliminary unaudited revenue was approximately $860 million at the midpoint of the fourth quarter range, up 8% over 2024.
• Preliminary fourth quarter bookings were approximately $257 million, bringing full-year 2025 bookings to approximately $924 million.
• Initial 2026 revenue guidance is $950 million to $990 million, representing an increase of approximately 10% to 15% over 2025.
• The preliminary results are subject to change upon completion of year-end closing procedures and the independent audit.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits