Looking back on aerospace stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including ATI (NYSE: ATI) and its peers.

Aerospace companies often possess technical expertise and have made significant capital investments to produce complex products. It is an industry where innovation is important, and lately, emissions and automation are in focus, so companies that boast advances in these areas can take market share. On the other hand, demand for aerospace products can ebb and flow with economic cycles and geopolitical tensions, which can be particularly painful for companies with high fixed costs.

The 15 aerospace stocks we track reported a mixed Q3. As a group, revenues missed analysts’ consensus estimates by 1.8% while next quarter’s revenue guidance was 0.8% below.

Luckily, aerospace stocks have performed well with share prices up 27.9% on average since the latest earnings results.

ATI (NYSE: ATI)

With its materials flying in nearly every commercial and military aircraft in service today, ATI (NYSE: ATI) produces highly specialized materials and components for aerospace, defense, medical, and energy applications using advanced metallurgy and manufacturing processes.

ATI reported revenues of $1.13 billion, up 7.1% year on year. This print was in line with analysts’ expectations, and overall, it was a very strong quarter for the company with an impressive beat of analysts’ EBITDA estimates.

Interestingly, the stock is up 36.6% since reporting and currently trades at $125.25.

We think ATI is a good business, but is it a buy today? Read our full report here, it’s free.

Best Q3: AAR (NYSE: AIR)

The first third-party MRO approved by the FAA for Safety Management System Requirements, AAR (NYSE: AIR) is a provider of aircraft maintenance services

AAR reported revenues of $795.3 million, up 15.9% year on year, outperforming analysts’ expectations by 4.4%. The business had an exceptional quarter with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ revenue estimates.

The market seems happy with the results as the stock is up 16.6% since reporting. It currently trades at $105.

Is now the time to buy AAR? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: AerSale (NASDAQ: ASLE)

Providing a one-stop shop that integrates multiple services and product offerings, AerSale (NASDAQ: ASLE) delivers full-service support to mid-life commercial aircraft.

AerSale reported revenues of $71.19 million, down 13.9% year on year, falling short of analysts’ expectations by 30.5%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

AerSale delivered the weakest performance against analyst estimates and slowest revenue growth in the group. Interestingly, the stock is up 9.4% since the results and currently trades at $7.65.

Read our full analysis of AerSale’s results here.

Astronics (NASDAQ: ATRO)

Integrating power outlets into many Boeing aircraft, Astronics (NASDAQ: ATRO) is a provider of technologies and services to the global aerospace, defense, and electronics industries.

Astronics reported revenues of $211.4 million, up 3.8% year on year. This number was in line with analysts’ expectations. It was a strong quarter as it also logged an impressive beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.

The stock is up 55.2% since reporting and currently trades at $74.50.

Read our full, actionable report on Astronics here, it’s free.

Ducommun (NYSE: DCO)

California’s oldest company, Ducommun (NYSE: DCO) is a provider of engineering and manufacturing services for high-performance products primarily within the aerospace and defense industries.

Ducommun reported revenues of $212.6 million, up 5.5% year on year. This print met analysts’ expectations. Overall, it was a strong quarter as it also put up an impressive beat of analysts’ adjusted operating income estimates and a beat of analysts’ EPS estimates.

The stock is up 24.3% since reporting and currently trades at $114.24.

Read our full, actionable report on Ducommun here, it’s free.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.