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ASTRONICS CORPORATION NEWS RELEASE • Astronics Corporation • 130 Commerce Way ⚫ East Aurora , NY 14052-2164 For more information , contact : Company : David C. Burney , Chief Financial Officer Phone : ( 716 ) 805-1599 , ext . 159 Email : david.burney@astronics.com FOR IMMEDIATE RELEASE Investor Relations : Deborah K. Pawlowski , Kei Advisors LLC Phone : ( 716 ) 843-3908 Email : dpawlowski@keiadvisors.com Astronics Corporation Reports 2021 Second Quarter Financial Results Sales for the quarter were $ 111.2 million • Net loss was $ 8.1 million • Adjusted EBITDA * was $ 0.4 million Bookings for the quarter continued sequential improvement to $ 126.3 million ; Achieved book - to - bill ratio of 1.14 • Aerospace segment book - to - bill of 1.32 for the quarter • Backlog increased 5 % sequentially to $ 312.7 million * Adjusted EBITDA is a Non - GAAP Performance Measure . Please see the attached table for a reconciliation of adjusted EBITDA to GAAP net income . EAST AURORA , NY , August 6 , 2021 - Astronics Corporation ( Nasdaq : ATRO ) ( " Astronics ” or the " Company " ) , a leading supplier of advanced technologies and products to the global aerospace , defense and other mission critical industries , today reported financial results for the three and six months ended July 3 , 2021 . Peter J. Gundermann , the Company's President and CEO , commented , “ Our second quarter was one of slow but steady progress . Our core aerospace markets strengthened as vaccinations took hold and passenger traffic accelerated . We are encouraged by our bookings trend , especially in our Aerospace segment , where we achieved a book - to - bill ratio of 1.32 for the quarter . We expect these bookings will drive higher sales in the second half of 2021. " -MORE-