Astronics corporation q3 sales $177 million

Oration reports 2019 third quarter financial results.q3 sales $177 million versus refinitiv ibes estimate of $174.5 million.sees fy 2019 sales $750 million to $770 million.sees q4 sales $175 million to $195 million.sees fy 2020 sales $770 million to $820 million.sees fy 2020 revenue up 5 percent.announces restructuring plan for antenna business."q3 revenue was light, due in part to continued grounding of 737 max & resulting capacity challenge affecting global airline industry".backlog at end of quarter was $379.4 million.approximately $175.0 million of backlog is expected to ship in remainder of 2019.qtrly aerospace segment sales decreased $11.9 million, or 7.0%, to $157.7 million.sees 2020 aerospace segment revenue $690 million to $730 million.did assume that 737 max is flying again at or near year-end 2019.will update 2020 outlook numbers as time passes or if anything material changes in our market position.fy2020 revenue view $784.3 million -- refinitiv ibes data.fy2019 revenue view $752.2 million -- refinitiv ibes data.
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