Astronics Corporation reports net income up 16%

Astronics Corporation released that sales in the fourth quarter of 2011 were $61.2m up 18.0%, from the prior year fourth quarter. Aerospace sales, which represented approximately 95.2% of total fourth quarter sales, increased 24.5% over the prior year period to $58.2m. For the full year 2011 sales were $228.2m up 16.6% from the same period last year. Aerospace sales of $213.9m, which represented approximately 93.7% of 2011 sales, increased 19.1% over prior year sales of $179.6m. Net income in the fourth quarter of 2011 was $5.2m compared with net income of $4.5m in the same period of last year. Net income for 2011 was $21.6m compared with net income of $14.9m in 2010.