Exhibit 99.2
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Supplemental Prior Period Tables
For the Quarterly Periods Q1 2023 through Q4 2024
The following tables are to provide the Segment Gross Profit and Adjusted Non-GAAP reconciliation information by quarter for the full years ending December 31, 2024 and 2023.

ASTRONICS CORPORATION
SEGMENT GROSS PROFIT
(Unaudited, $ in thousands)
Consolidated
Three Months Ended
3/30/20246/29/20249/28/202412/31/2024
Segment gross profit and margins
Aerospace$32,674 35,202,000 $41,364 $38,589 $45,040 
20.0 %20.9 %23.4 %21.7 %23.9 %
Test Systems1,517 4,771,000 (10)4,154 5,014 
7.1 %18.0 %— %15.9 %25.1 %
Total gross profit$34,191 39,973,000 $41,354 $42,743 $50,054 
Consolidated
Three Months Ended
4/1/20237/1/20239/30/202312/31/2023
Segment gross profit and margins
Aerospace$21,138 $31,864 $16,678 $35,202 
15.6 %20.1 %11.7 %20.9 %
Test Systems6,372 831 3,940 4,771 
30.4 %5.2 %18.9 %18.0 %
Total gross profit$27,510 $32,695 $20,618 $39,973 









Astronics Corporation Supplemental Prior Period Tables
March 4, 2025
Page 2
Astronics provides Adjusted Non-GAAP information as additional information for its operating results. References to Adjusted Non-GAAP information are to non-GAAP financial measures. These measures are not required by, in accordance with, or an alternative for, GAAP and may be different from non-GAAP financial measures used by other companies. Astronics management uses these measures for reviewing the financial results of Astronics for budget planning purposes and for making operational and financial decisions. Management believes that providing these non-GAAP financial measures to investors, as a supplement to GAAP financial measures, help investors evaluate Astronics core operating and financial performance and business trends consistent with how management evaluates such performance and trends.

ASTRONICS CORPORATION
RECONCILIATION OF GROSS PROFIT TO ADJUSTED GROSS PROFIT
(Unaudited, $ in thousands)
Consolidated
Three Months Ended
3/30/20246/29/20249/28/202412/31/2024
Gross profit$34,191 $41,354 $42,743 $50,054 
Add back (deduct):
Warranty reserve— — 3,527 1,690 
Non-cash reserves for customer bankruptcy— — 909 794 
Adjusted gross profit$34,191 $41,354 $47,179 $52,538 
Sales$185,074 $198,114 $203,698 $208,540 
Gross margin18.5 %20.9 %21.0 %24.0 %
Adjusted gross margin18.5 %20.9 %23.2 %25.2 %
Consolidated
Three Months Ended
4/1/20237/1/20239/30/202312/31/2023
Gross profit$27,510 $32,695 $20,618 $39,973 
Add back (deduct):
Non-cash reserves for customer bankruptcy— — 3,601 — 
Deferred liability recovery(5,824)— — — 
Adjusted gross profit$21,686 $32,695 $24,219 $39,973 
Sales$156,538 $174,454 $162,922 $195,292 
Gross margin17.6 %18.7 %12.7 %20.5 %
Adjusted gross margin13.9 %18.7 %14.9 %20.5 %

Adjusted Gross Profit is defined as gross profit as reported, adjusted for certain items. Adjusted Gross Profit Margin is defined as Adjusted Gross Profit divided by sales. Adjusted Gross Profit and Adjusted Gross Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted Gross Profit and Adjusted Gross Profit Margin as used by other companies. Nevertheless, the Company believes that providing non-GAAP financial measures, such as Adjusted Gross Profit and Adjusted Gross Profit Margin, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's gross profit and gross profit margin to the historical periods' gross profit, as well as facilitates a more meaningful comparison of the Company’s gross profit and gross profit margin to that of other companies.




Astronics Corporation Supplemental Prior Period Tables
March 4, 2025
Page 3
ASTRONICS CORPORATION
RECONCILIATION OF OPERATING INCOME TO ADJUSTED OPERATING INCOME
(Unaudited, $ in thousands)
Consolidated
Three Months Ended
3/30/20246/29/20249/28/202412/31/2024
Income from operations$1,666 $7,550 $8,374 $8,876 
Add back (deduct):
Restructuring-related charges including severance117 657 259 1,411 
Legal reserve, settlements and recoveries— — (332)4,762 
Litigation-related legal expenses3,694 4,428 5,558 6,066 
Non-cash reserves for customer bankruptcy— — 2,203 1,032 
Warranty reserve— — 3,527 1,690 
Adjusted operating income$5,477 $12,635 $19,589 $23,837 
Sales$185,074 $198,114 $203,698 $208,540 
Operating margin0.9 %3.8 %4.1 %4.3 %
Adjusted operating margin3.0 %6.4 %9.6 %11.4 %
Consolidated
Three Months Ended
4/1/20237/1/20239/30/202312/31/2023
Income (loss) from operations$(2,370)$2,396 $(14,479)$7,782 
Add back (deduct):
Restructuring-related charges including severance— 564 — — 
Legal reserve, settlements and recoveries— (1,305)(1,227)— 
Litigation-related legal expenses4,515 4,935 4,574 3,826 
Non-cash reserves for customer bankruptcy— — 11,074 — 
Deferred liability recovery(5,824)— — — 
Adjusted operating income (loss)$(3,679)$6,590 $(58)$11,608 
Sales$156,538 $174,454 $162,922 $195,292 
Operating margin(1.5)%1.4 %(8.9)%4.0 %
Adjusted operating margin(2.4)%3.8 %— %5.9 %


Adjusted Operating Income is defined as income from operations as reported, adjusted for certain items. Adjusted Operating Margin is defined as Adjusted Operating Income divided by sales. Adjusted Operating Income and Adjusted Operating Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted Operating Income and Adjusted Operating Margin as used by other companies. Nevertheless, the Company believes that providing non-GAAP financial measures, such as Adjusted Operating Income and Adjusted Operating Margin, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's income from operations to the historical periods' income from operations and operating margin, as well as facilitates a more meaningful comparison of the Company’s income from operations and operating margin to that of other companies.


Astronics Corporation Supplemental Prior Period Tables
March 4, 2025
Page 4
ASTRONICS CORPORATION
RECONCILIATION OF NET INCOME AND DILUTED EARNINGS PER SHARE
TO ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE
(Unaudited, $ in thousands, except per share amounts)
Consolidated
Three Months Ended
3/30/20246/29/20249/28/202412/31/2024
Net (loss) income$(3,178)$1,533 $(11,738)$(2,832)
Add back (deduct):
Amortization of intangibles3,270 3,270 3,188 3,143 
Restructuring-related charges including severance117 657 259 1,411 
Early retirement penalty waiver— — — 624 
Legal reserve, settlements and recoveries— — (332)4,762 
Litigation-related legal expenses3,694 4,428 5,558 6,066 
Loss on extinguishment of debt— — 6,987 3,161 
Non-cash reserves for customer bankruptcy— — 2,203 1,032 
Warranty reserve— — 3,527 1,690 
Normalize tax rate1(1,989)(2,678)2,511 (2,208)
Adjusted net income$1,914 $7,210 $12,163 $16,849 
Weighted average diluted shares outstanding (in thousands)34,863 35,547 35,011 35,255 
Diluted earnings (loss) per share$(0.09)$0.04 $(0.34)$(0.08)
Adjusted diluted earnings per share$0.05 $0.20 $0.35 $0.48 
Consolidated
Three Months Ended
4/1/20237/1/20239/30/202312/31/2023
Net income (loss)$(4,415)$(11,999)$(16,983)$6,976 
Add back (deduct):
Amortization of intangibles3,598 3,598 3,381 3,321 
Restructuring-related charges including severance— 564 — — 
Legal reserve, settlements and recoveries— (1,305)(1,227)— 
Litigation-related legal expenses4,515 4,935 4,574 3,826 
Equity investment accrued payable write-off(1,800)— — — 
Net gain on sale of business(3,427)— — — 
Non-cash reserves for customer bankruptcy— — 11,074 — 
Deferred liability recovery(5,824)— — — 
Normalize tax rate1
2,806 7,124 (3,081)(7,612)
Adjusted net income (loss)$(4,547)$2,917 $(2,262)$6,511 
Weighted average diluted shares outstanding (in thousands)32,505 32,614 33,000 34,512 
Diluted earnings (loss) per share$(0.14)$(0.37)$(0.51)$0.20 
Adjusted diluted earnings (loss) per share$(0.14)$0.09 $(0.07)$0.19 
Adjusted Net Income and Adjusted Diluted EPS are defined as net income and diluted EPS as reported, adjusted for certain items, including amortization of intangibles, and also adjusted for a normalized tax rate. Adjusted Net Income and Adjusted Diluted EPS are not measures determined in accordance with GAAP and may not be comparable with the measures used by other companies. Nevertheless, the Company believes that providing non-GAAP financial measures, such as Adjusted Net Income and Adjusted Diluted EPS, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's net income and diluted EPS to the historical periods' net income and diluted EPS, as well as facilitates a more meaningful comparison of the Company’s net income and diluted EPS to that of other companies. The Company believes that presenting Adjusted Diluted EPS provides a better understanding of its earnings power inclusive of adjusting for the non-cash amortization of intangible assets, reflecting the Company’s strategy to grow through acquisitions as well as organically.
1 Applies a normalized tax rate of 25% to GAAP pre-tax income and non-GAAP adjustments above, which are each pre-tax.


Astronics Corporation Supplemental Prior Period Tables
March 4, 2025
Page 5

ASTRONICS CORPORATION
RECONCILIATION OF SEGMENT OPERATING PROFIT TO ADJUSTED SEGMENT OPERATING PROFIT
(Unaudited, $ in thousands)
Three Months Ended
3/30/20246/29/20249/28/202412/31/2024
Aerospace operating profit$12,097 $19,280 $14,251 $16,778 
Restructuring-related charges including severance— — 237 — 
Legal reserve, settlements and recoveries— — (332)4,762 
Litigation-related legal expenses3,534 4,222 5,405 5,966 
Non-cash reserves for customer bankruptcy— — 2,203 1,032 
Warranty reserve— — 3,527 1,690 
Adjusted Aerospace operating profit$15,631 $23,502 $25,291 $30,228 
Aerospace sales$163,638 $176,943 $177,554 $188,549 
Aerospace margin7.4 %10.9 %8.0 %8.9 %
Adjusted Aerospace margin9.6 %13.3 %14.2 %16.0 %
Test Systems operating loss$(3,079)$(5,336)$(13)$(49)
Restructuring-related charges including severance117 657 22 1,411 
Litigation-related legal expenses160 206 153 100 
Adjusted Test Systems operating profit (loss)$(2,802)$(4,473)$162 $1,462 
Test Systems sales$21,436 $21,171 $26,144 $19,991 
Test Systems margin(14.4)%(25.2)%— %(0.2)%
Adjusted Test Systems margin(13.1)%(21.1)%0.6 %7.3 %
Three Months Ended
4/1/20237/1/20239/30/202312/31/2023
Aerospace operating profit (loss)$4,087 $13,719 $(7,464)$14,287 
Legal reserve, settlements and recoveries— (1,305)(1,227)— 
Litigation-related legal expenses1,639 2,482 2,658 2,948 
Non-cash reserves for customer bankruptcy— — 11,074 — 
Adjusted Aerospace operating profit$5,726 $14,896 $5,041 $17,235 
Aerospace sales$135,597 $158,382 $142,104 $168,747 
Aerospace margin3.0 %8.7 %(5.3)%8.5 %
Adjusted Aerospace margin4.2 %9.4 %3.5 %10.2 %
Test Systems operating loss$(597)$(6,143)$(1,781)$(224)
Restructuring-related charges including severance— 564 — — 
Litigation-related legal expenses2,876 2,453 1,916 878 
Deferred liability recovery(5,824)— — — 
Adjusted Test Systems operating profit (loss)$(3,545)$(3,126)$135 $654 
Test Systems sales$20,941 $16,072 $20,818 $26,545 
Test Systems margin(2.9)%(38.2)%(8.6)%(0.8)%
Adjusted Test Systems margin(16.9)%(19.4)%0.6 %2.5 %
Adjusted Segment Operating Profit is defined as segment operating profit as reported, adjusted for certain items. Adjusted Segment Margin is defined as Adjusted Segment Operating Profit divided by segment sales. Adjusted Segment Operating Profit and Adjusted Segment Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted Segment Operating Profit and Adjusted Segment Margin as used by other companies. Nevertheless, the Company believes that providing non-GAAP financial measures, such as Adjusted Segment Operating Profit and Adjusted Segment Margin, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's segment operating profit to the historical periods' segment operating profit and segment margin, as well as facilitates a more meaningful comparison of the Company’s segment operating profit and segment margin to that of other companies.