Latest news with #AstroNovaInc
Yahoo
6 days ago
- Business
- Yahoo
AstroNova: Fiscal Q1 Earnings Snapshot
WEST WARWICK, R.I. (AP) — WEST WARWICK, R.I. (AP) — AstroNova Inc. (ALOT) on Thursday reported a fiscal first-quarter loss of $376,000, after reporting a profit in the same period a year earlier. On a per-share basis, the West Warwick, Rhode Island-based company said it had a loss of 5 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to 5 cents per share. The printer and electronic instrument maker posted revenue of $37.7 million in the period. AstroNova expects full-year revenue in the range of $160 million to $165 million. AstroNova shares have dropped 24% since the beginning of the year. The stock has fallen 50% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ALOT at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Journals
28-05-2025
- Business
- Business Journals
AstroNova lands contract for military cockpit printers
A West Warwick company has landed a $10 million, multi-year contract to supply military-grade cockpit printers and ethernet switches to a major defense industry customer. AstroNova Inc. (Nasdaq: ALOT) has agreed to deliver 300 "ToughWriter" printer systems to a military aircraft maker, the company said this month. The devices are a beefed-up version of cockpit printers that AstroNova regularly supplies to the commercial aviation sector. The commercial and military cockpit printers "are manufactured right here in Rhode Island at our West Warwick facility," CEO Gregory Woods told Business First. "We have over 30,000 printers flying throughout the world. You're unlikely to be on a plane that doesn't have our product." GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events The onboard devices, also known as flight deck printers, convert data from avionics systems into paper records. They can print out flight plans, weather information, clearances, and other information for pilots and crew. The printers can log maintenance and system reports, and other critical data. The paper documents let pilots quickly access important information without having to navigate digital screens, and keep working even if digital systems go down. "From a pilot perspective, it's a safety and a workload feature," said Woods. The CEO cited a confidentiality agreement and declined to share the name of the customer. But he said the U.S.-based "leading global defense technology company" re-upped its contract with AstroNova due to the quality and reliability of its next-generation products. AstroNova has a global headcount of more than 440, with 222 Rhode Island employees. AstroNova recovering from 2025 challenges The new contract is a boost for AstroNova, which suffered a challenging year in 2025. The company struggled to integrate the assets and operations of MTEX, a Portuguese printing company it bought in 2024. The $22.1 million M&A didn't generate revenue as expected. AstroNova took a $13.4 million goodwill impairment and had to renegotiate its debt facility with Bank of America. An ongoing conflict over the MTEX deal is now in arbitration, the company has disclosed. Meanwhile, AstroNova is facing a proxy challenge. Activist investor Askeladden Capital is highly critical of the MTEX acquisition and pushing shareholders to replace most of the company's board. AstroNova is pushing back, saying the company is at a critical juncture under effective leaders. The annual meeting is set for June 9. Woods maintains that the MTEX deal will ultimately be good for AstroNova because it delivered important technology, a high-quality European manufacturing facility, and access to new markets. The company has successfully grown via M&As in the past, and the MTEX integration will proceed, according to Woods. AstroNova took major steps in 2025 to improve its operations. The company improved its leadership team, upgraded systems, streamlined operations, and eliminated waste, Woods told shareholders in a recent report. For fiscal 2026, AstroNova expects net revenue of at least $160 million, or a 7% boost from the year prior. AstroNova shares were trading at around $9.30 on Wednesday, a four-year low. Its market capitalization stands at around $70.6 million. The stock saw an $18 peak in January. AstroNova, which went public in 1981, bills itself as a global leader in data visualization technologies. Asked what that means, the CEO boiled it down. "We process data and give it to people in a human usable format," Woods said. These are the 18 fastest-growing banks in Rhode Island Year-over-year change (%) Rank Prior Rank Name, 1 1 Shoreham Bank 2 2 Centreville Bank 3 3 Webster Bank View this list
Yahoo
15-04-2025
- Business
- Yahoo
AstroNova Inc (ALOT) Q4 2025 Earnings Call Highlights: Navigating Challenges and Capitalizing ...
Net Revenue: $37.4 million for Q4, down 5.6% year-over-year. Gross Profit: $12.7 million for Q4, with a gross profit margin of 34.1%. Operating Expenses: $25 million for Q4, including a $13.4 million non-cash goodwill impairment charge. Non-GAAP Operating Income: $1.4 million for Q4. Adjusted EBITDA: $2.8 million for Q4. Order Backlog: $28.3 million as of January 31, 2025. Aerospace Segment Revenue: $48.9 million for fiscal 2025, with a record operating profit of 22.8%. PI Segment Revenue: $25.7 million for Q4, down 3.6% year-over-year. Cash and Cash Equivalents: $5.1 million at the end of Q4. Free Cash Flow: $3.7 million for fiscal 2025. Fiscal 2026 Revenue Guidance: $160 million to $165 million. Fiscal 2026 Adjusted EBITDA Margin Guidance: 8.5% to 9.5%. Warning! GuruFocus has detected 5 Warning Signs with ALOT. Release Date: April 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. AstroNova Inc (NASDAQ:ALOT) achieved record revenue in its Aerospace segment, contributing $48.9 million, which represents approximately one-third of consolidated sales. The company is executing a restructuring plan expected to deliver $3 million in annual cost savings. AstroNova Inc (NASDAQ:ALOT) is focusing on higher-margin, higher-growth products by rightsizing its product portfolio. The company plans to introduce five next-generation products based on MTEX's print engine technology, which is expected to enhance product offerings and drive growth. Recurring revenue accounted for 71% of consolidated sales in fiscal 2025, providing a more predictable revenue stream. AstroNova Inc (NASDAQ:ALOT) faced challenges with the integration of the MTEX acquisition, which impacted performance. The company experienced lower demand due to the Boeing strike and delays in large defense industry orders. Net revenue for the fourth quarter was down 5.6% to $37.4 million, with a decline in both segments. The PI segment reported a loss for the quarter due to goodwill impairment and acquisition accounting adjustments. Gross profit margin decreased to 34.1% from 37.2% in the prior year period, reflecting lower revenue and less favorable product mix. Q: Can you elaborate on the restructuring plan and its expected impact on AstroNova's financials? A: Gregory Woods, President and CEO, explained that the restructuring plan is anticipated to deliver $3 million in annual cost savings. The focus is on rightsizing the product portfolio to emphasize higher-margin, higher-growth products, which should enhance profitability and growth. Q: What are the key growth catalysts for the Aerospace segment? A: Gregory Woods highlighted two main catalysts: the transition to the higher-margin ToughWriter printers and the expansion of the service and supplies business. The ToughWriter transition is expected to double its share of total printer deliveries to 86% by the end of the fiscal year, enhancing margins and reducing royalty obligations. Q: How is the integration of MTEX progressing, and what challenges have been encountered? A: Gregory Woods noted that MTEX integration has been challenging but significant progress has been made. The focus has been on reorganizing and realigning the business, improving accountability, and leveraging MTEX's technologies and manufacturing facilities. The integration is more complex than anticipated, but the strategic upside is significant. Q: What are the expectations for the new print engine technology in the PI segment? A: Gregory Woods stated that the new print engine technology will allow for flexibility in ink usage and is expected to lower costs and reduce supplier dependence. Five next-generation products incorporating this technology are planned for release, which should drive increased consumables revenue. Q: What financial guidance has been provided for fiscal 2026? A: Tom DeByle, CFO, provided guidance for fiscal 2026, anticipating net revenue between $160 million and $165 million, representing a 7.4% year-over-year growth at the midpoint. The adjusted EBITDA margin is expected to be between 8.5% and 9.5%, reflecting a 60 basis point increase from fiscal 2025. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
