Astronics Corporation

Climate Impact & Sustainability Data (2023, October 1, 2022)

Astronics Corporation regularly earns “best employer” awards.
The Company believes that diversity and inclusion is critical for the attraction and retention of top talent, and employs policies and procedures to recruit women and minority talent as well as policies to ensure pay equality.
Astronics has an Equal Employment Opportunity Policy whereby the Company commits to providing equal employment opportunity and affirmative action plans for all qualified employees and applicants without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, age, marital status, pregnancy, genetic information or other legally protected status.

varying levels of supply chain pressures from the residual impacts of the COVID-19 pandemic
material availability and cost increases
labor availability and cost
improving shareholder value through increasing profitability

working to improve operating efficiencies and focusing on executing on the growth opportunities currently in front of us
passing on increased costs where we can
expecting continued improvement in pricing as well as stabilization in certain input costs as we advance into 2024
manufacturing efficiency initiatives, cost-reduction measures, working with vendors and suppliers to reduce lead times and expedite shipment of critical components, and working with customers to expedite receivable collections

Impending debt maturity under Credit Facility.
Need to refinance indebtedness and/or seek additional modification to Credit Agreement.
Need to improve liquidity position by managing cash and minimizing need for external capital.
Supply chain constraints and program reschedules by customers.

Actively pursuing efforts to refinance the Credit Facility and seek additional modification.