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AstroNova, Inc. reports developments in specialized printing technologies for regulated and industrial markets. The company designs, manufactures, distributes and services products that identify, track and communicate product and safety information, with two operating segments: Product Identification and Aerospace.
Recurring updates cover Product Identification hardware, software and consumables for labels, flexible packaging, corrugated and industrial substrates, as well as Aerospace flight deck printing, avionics, data acquisition, networking hardware and aerospace-grade supplies. News also includes earnings releases, segment performance, product launches, recurring supplies and service revenue, credit agreement amendments, leadership appointments, restructuring actions and corporate strategy updates.
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AstroNova, Inc. (Nasdaq: ALOT) reported strong results for the fourth quarter and full year ended January 31, 2023. Fourth-quarter bookings reached $36.3 million, with revenue of $39.9 million—a 34% year-over-year increase. Net income for the quarter was $1.4 million or $0.18 per diluted share. For the full year, the company achieved $142.5 million in revenue and net income of $2.7 million or $0.36 per diluted share, although this was a decline from the previous year. Both segments showed growth, especially Test & Measurement, which saw 61% revenue growth driven by aerospace products. The backlog stood at $35.8 million as of year-end.
AstroNova, Inc. (Nasdaq: ALOT) is set to release its fourth-quarter and full-year fiscal 2023 financial results on Thursday, March 23, 2023, before the Nasdaq opens. A conference call will follow at 9:00 a.m. ET, hosted by CEO Greg Woods and CFO David Smith. Investors can join the call by dialing (844) 200-6205 for U.S. and Canada attendees or (929) 526-1599 for international participants, using access code 729026. AstroNova specializes in data visualization technologies and serves various sectors, including aerospace, with products for printing solutions and data acquisition systems.
AstroNova (Nasdaq: ALOT) reported a record revenue of $39.4 million for Q3 FY2023, marking a 36.6% increase year-over-year, driven by the acquisition of Astro Machine and growth in its base business. GAAP operating income rose to $1.3 million, and GAAP EPS improved to $0.04. The company saw significant growth in both the Product Identification (up 36.3%) and Test & Measurement (up 37.5%) segments. Despite ongoing inflation and supply chain challenges, AstroNova maintained a healthy backlog of $39.3 million, up 46.6% compared to last year.
AstroNova, Inc. (Nasdaq: ALOT) announced that President and CEO Gregory A. Woods will present at the Sidoti December Small-Cap Virtual Conference on December 7, 2022, at 10:45 a.m. ET. The company will also conduct one-on-one meetings during the event. A live webcast of the presentation and related materials will be accessible at AstroNova's investor site, with a replay available for 90 days post-event. AstroNova specializes in data visualization technologies and offers a range of products for diverse applications since its inception in 1969.
AstroNova, Inc. (Nasdaq: ALOT) will report its third-quarter fiscal 2023 results on December 7, 2022, before the Nasdaq opens.
The conference call, hosted by CEO Greg Woods and CFO David Smith, starts at 9:00 a.m. ET. Interested parties can access the call by dialing (844) 200-6205 for U.S. and Canada or (929) 526-1599 for international callers, using access code 816175. An audio webcast will also be available on the AstroNova investors' website.