SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB
(Mark One)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal quarter ended March 30, 1996
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ________________________ to
________________________
Commission file number 0-7087
ASTRONICS CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
New York 16-0959303
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
1801 Elmwood Avenue, Buffalo, New York 14207
(Address of Principal Executive Office) (Zip Code)
716-447-9013
(Registrant's Telephone Number, Including Area Code)
Securities registered pursuant to Section 12(g) of the Act:
$.01 par value Common Stock, $.01 par value Class B Stock
(Title of Class)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
As of March 30, 1996, 3,083,566 shares of $.01 par value common
stock and 763,172 shares of $.01 par value Class B common stock
were outstanding.
<PAGE>
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
ASTRONICS CORPORATION
Consolidated Balance Sheet
March 30, 1996
With Comparative Figures for December 31, 1995
ASSETS
(Dollars in Thousands)
March 30, 1996 December 31,
(Unaudited) 1995
Current Assets:
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-30-1996
<CASH> 517
<SECURITIES> 0
<RECEIVABLES> 4,991
<ALLOWANCES> (500)
<INVENTORY> 6,437
<CURRENT-ASSETS> 11,657
<PP&E> 32,812
<DEPRECIATION> (15,399)
<TOTAL-ASSETS> 31,017
<CURRENT-LIABILITIES> 6,312
<BONDS> 0
0
0
<COMMON> 42
<OTHER-SE> 12,096
<TOTAL-LIABILITY-AND-EQUITY> 31,017
<SALES> 9,569
<TOTAL-REVENUES> 9,569
<CGS> 6,848
<TOTAL-COSTS> 9,031
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 231
<INCOME-PRETAX> 538
<INCOME-TAX> 172
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 366
<EPS-PRIMARY> .09
<EPS-DILUTED> .09
</TABLE>
