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gauravk
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  • Acquisition Effect 0 comments
    Feb 16, 2010 1:30 AM | about stocks: ATRO
     Astronics have been benefited by the acquisition of DME Corporation on Jan 30, 2009. Its sales for the forth quarter of 2009 are increased by 3 percent yoy, where as its organic business growth excluding the acquired business is down by 26.3%. Full year 2009 revenue of $191.2 million was a record for Astronics and up 10% from $173.7 million in 2008. The January 30, 2009 acquisition of DME added $51.2 million to organic sales of $140.0 million in 2009.
    Stocks: ATRO
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