Astronics Corporation's net income improves 43%

Astronics Corporation released financial results for the three and nine months ended October 1, 2011. Sales in the third quarter of 2011 were $56.4m, up $6.5m, or 13.0%, from the prior year third quarter. Aerospace sales, which represented approximately 95% of total third quarter sales, increased 16.3% over the prior year period to $53.5m. Sales for the first nine months of 2011 were $167.0 million, up $23.1m, or 16.0%, from the same period last year. Aerospace sales, which represented approximately 93% of total year-to-date sales, increased 17.2% over the prior year period to $155.7m. Net income in the third quarter of 2011 was $6.7m compared with net income of $4.6m in the same period of last year. Year-to-date net income for the first nine months of 2011 was $16.4m compared with net income of $10.5m in the same period of last year.