Astronics says 2020 revenue guidance withdrawn due to uncertainty related to 737 max

Q4 revenue $198 million versus refinitiv ibes estimate of $182 million.2020 revenue guidance withdrawn due to uncertainty related to 737 max.expects restructuring charges related to antenna business of $29 million to $35 million in q4 2019.estimating intellectual property damages of an additional $18 million in q4.temporarily pausing stock buyback initiatives.in q4, bookings were negatively impacted by uncertainty in market, which co believes is related to ongoing 737 max grounding.astronics - given uncertain 2020 production schedule for 737 max, impact on spending by commercial airlines, co is rescinding initial 2020 revenue outlook.ongoing 737 max grounding affects business because of production pause, because it leaves many of airline customers short of capacity.
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