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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 Third Quarter Financial Results Sales for the quarter were $ 111.8 million , up 5 % over prior - year period Net loss of $ 7.2 million continues sequential improvement through 2021 Adjusted EBITDA * was $ 2.8 million ; measurably improved over prior - year period loss and trailing second quarter Bookings up 88 % over prior - year period and up 22 % over trailing second quarter to $ 153.5 million ; Achieved book - to - bill ratio of 1.37 Aerospace segment book - to - bill was 1.49 for the quarter • Backlog increased 13 % sequentially to $ 354.4 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 , November 8 , 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 nine months ended October 2 , 2021 . Peter J. Gundermann , the Company's President and CEO , commented , “ Our core markets are showing improved demand although our sales were hampered by approximately $ 8 million to $ 10 million due to supply chain challenges and a tight labor market . Nonetheless , we are encouraged with strong order activity across the business , with bookings exceeding shipments by 37 % . This demand promises an improved fourth quarter and solid momentum as we prepare for 2022. " -MORE-