What does test systems segment — acquisition adjustments mean?

These are accounting adjustments made to the Test Systems segment's financial figures to reflect the impact of business combinations, such as the amortization of acquired intangible assets or fair value adjustments. Monitoring these helps investors distinguish between organic operational performance and the accounting effects of inorganic growth strategies.

Astronics (ATRO) Test Systems Segment — Acquisition Adjustments

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Aerospace

$851K—

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Other financials

Income statement

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Revenue$230.6M+12.0%

Gross profit$75.1M+23.5%

Operating income$27.2M+107%

Net income$25.5M+168%

EPS (diluted)$0.67+158%

Balance sheet

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Cash & equivalents$11.9M-54.3%

Total debt$379.1M+93.4%

Total equity$161.7M-39.4%

Total assets$747.1M+12.8%

Cash flow

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Operating cash flow$10.6M-48.6%

CapEx$11.2M+430%

Free cash flow-$554.0K-103%

Valuation

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Market cap$3.75B+200%

Enterprise value$4.12B+187%

P/E82.7×—

P/S4.2×+2.7×

Profitability

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Gross margin30.7%+2.1pp

Operating margin10.2%+5.6pp

Net margin5.1%+4.7pp

FCF margin4.9%+4.0pp

Returns & leverage

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Return on equity21.2%+20.0pp

Debt / equity2.3×+1.6×

Current ratio3×+0.2×

Where this comes from

Reported directly by Astronics in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

The source filing: Astronics’s 10-Q, filed May 13, 2026.

Filed: May 13, 2026, 2:28 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0000008063-26-000025

(In thousands)	December 31, 2025	Acquisition Adjustments	Foreign Currency Translation	April 4, 2026
Aerospace	$41,288	$851	$572	$42,711
Test Systems	21,635	—	—	21,635
	$62,923	$851	$572	$64,346

Item 1. Financial Statements

FAQ

What is Astronics's test systems segment — acquisition adjustments?: Astronics (ATRO) reported test systems segment — acquisition adjustments of $0 in Q1 2026.
What does test systems segment — acquisition adjustments mean?: These are accounting adjustments made to the Test Systems segment's financial figures to reflect the impact of business combinations, such as the amortization of acquired intangible assets or fair value adjustments. Monitoring these helps investors distinguish between organic operational performance and the accounting effects of inorganic growth strategies.