CORRECTING and REPLACING AstroNova Announces Key Activities in Advance of its April Earnings Release
AstroNova (Nasdaq: ALOT) has announced several key developments ahead of its April earnings release. The data visualization technology company has secured a waiver and amendment to its credit agreement with Bank of America, providing relaxed financial covenants for fiscal 2026 and allowing for $2 million in restructuring-related add-backs.
Preliminary Q4 FY2025 results show revenues of $37.4 million, down from $39.6 million year-over-year, primarily due to lower Trojan Label printer sales and timing of defense orders. The company expects to record a $13.4 million non-cash goodwill impairment charge related to its Product Identification segment.
AstroNova has implemented a restructuring plan targeting $3 million in annual cost savings, including a 10% reduction in global workforce and realignment of its MTEX operations. For FY2026, the company projects revenues of $160-165 million with an Adjusted EBITDA margin of 8.5-9.5%. Strategic initiatives include advancing print engine technology, increasing consumables ownership, and streamlining product lines.
AstroNova (Nasdaq: ALOT) ha annunciato diversi sviluppi chiave in vista della pubblicazione dei risultati di aprile. L'azienda di tecnologia per la visualizzazione dei dati ha ottenuto una deroga e una modifica del suo contratto di credito con Bank of America, che prevede un allentamento dei vincoli finanziari per l'anno fiscale 2026 e consente aggiustamenti per $2 milioni legati alla ristrutturazione.
I risultati preliminari del quarto trimestre dell'anno fiscale 2025 mostrano ricavi di $37,4 milioni, in calo rispetto ai $39,6 milioni dell'anno precedente, principalmente a causa di minori vendite delle stampanti Trojan Label e della tempistica degli ordini della difesa. L'azienda prevede di registrare un addebito per impairment di goodwill non in contante di $13,4 milioni relativo al suo segmento di Identificazione del Prodotto.
AstroNova ha implementato un piano di ristrutturazione mirato a $3 milioni di risparmi annuali, inclusa una riduzione del 10% della forza lavoro globale e un riallineamento delle sue operazioni MTEX. Per l'anno fiscale 2026, l'azienda prevede ricavi tra $160-165 milioni con un margine EBITDA rettificato dell'8,5-9,5%. Le iniziative strategiche includono il miglioramento della tecnologia dei motori di stampa, l'aumento della proprietà dei consumabili e la razionalizzazione delle linee di prodotto.
AstroNova (Nasdaq: ALOT) ha anunciado varios desarrollos clave antes de la publicación de sus resultados de abril. La empresa de tecnología de visualización de datos ha asegurado una exención y enmienda a su acuerdo de crédito con Bank of America, proporcionando un relajamiento de los convenios financieros para el año fiscal 2026 y permitiendo ajustes relacionados con la reestructuración por $2 millones.
Los resultados preliminares del cuarto trimestre del año fiscal 2025 muestran ingresos de $37.4 millones, una disminución de $39.6 millones en comparación con el año anterior, principalmente debido a menores ventas de impresoras Trojan Label y la temporalidad de los pedidos de defensa. La empresa espera registrar un cargo por deterioro de goodwill no monetario de $13.4 millones relacionado con su segmento de Identificación de Productos.
AstroNova ha implementado un plan de reestructuración que busca $3 millones en ahorros anuales, incluyendo una reducción del 10% en la fuerza laboral global y un reajuste de sus operaciones MTEX. Para el año fiscal 2026, la empresa proyecta ingresos de $160-165 millones con un margen EBITDA ajustado del 8.5-9.5%. Las iniciativas estratégicas incluyen avanzar en la tecnología de motores de impresión, aumentar la propiedad de consumibles y simplificar las líneas de productos.
아스트로노바 (Nasdaq: ALOT)는 4월 실적 발표를 앞두고 몇 가지 주요 개발 사항을 발표했습니다. 데이터 시각화 기술 회사는 뱅크 오브 아메리카와의 신용 계약에 대한 면제 및 수정안을 확보하여 2026 회계연도에 대한 재무 약정을 완화하고 200만 달러의 구조조정 관련 추가 비용을 허용했습니다.
2025 회계연도 4분기 예비 결과는 3,740만 달러의 수익을 보여주며, 이는 전년 대비 3960만 달러에서 감소한 수치로, 주로 트로이안 라벨 프린터 판매 감소와 방산 주문의 시기 때문입니다. 회사는 제품 식별 부문과 관련하여 1,340만 달러의 비현금 영업권 손상 비용을 기록할 것으로 예상하고 있습니다.
아스트로노바는 300만 달러의 연간 비용 절감을 목표로 하는 구조조정 계획을 시행했으며, 여기에는 글로벌 인력의 10% 감소와 MTEX 운영의 재조정이 포함됩니다. 2026 회계연도에 대해 회사는 1억 6천만~1억 6천5백만 달러의 수익을 예상하며, 조정된 EBITDA 마진은 8.5~9.5%로 예상하고 있습니다. 전략적 이니셔티브에는 인쇄 엔진 기술 발전, 소모품 소유권 증가 및 제품 라인 간소화가 포함됩니다.
AstroNova (Nasdaq: ALOT) a annoncé plusieurs développements clés avant la publication de ses résultats d'avril. L'entreprise de technologie de visualisation des données a obtenu une dérogation et une modification de son accord de crédit avec Bank of America, offrant des engagements financiers assouplis pour l'exercice 2026 et permettant des ajustements liés à la restructuration de 2 millions de dollars.
Les résultats préliminaires du quatrième trimestre de l'exercice 2025 montrent des revenus de 37,4 millions de dollars, en baisse par rapport à 39,6 millions de dollars d'une année sur l'autre, principalement en raison de la baisse des ventes d'imprimantes Trojan Label et du calendrier des commandes de défense. L'entreprise s'attend à enregistrer une charge de dépréciation de goodwill non monétaire de 13,4 millions de dollars liée à son segment d'identification des produits.
AstroNova a mis en œuvre un plan de restructuration visant à 3 millions de dollars d'économies annuelles, y compris une réduction de 10 % de la main-d'œuvre mondiale et un réalignement de ses opérations MTEX. Pour l'exercice 2026, l'entreprise prévoit des revenus de 160-165 millions de dollars avec une marge EBITDA ajustée de 8,5-9,5 %. Les initiatives stratégiques comprennent l'avancement de la technologie des moteurs d'impression, l'augmentation de la propriété des consommables et la rationalisation des lignes de produits.
AstroNova (Nasdaq: ALOT) hat mehrere wichtige Entwicklungen vor der Veröffentlichung der April-Ergebnisse angekündigt. Das Unternehmen für Datenvisualisierungstechnologie hat eine Ausnahmeregelung und Änderung seines Kreditvertrags mit der Bank of America erhalten, die eine Lockerung der finanziellen Verpflichtungen für das Geschäftsjahr 2026 ermöglicht und 2 Millionen Dollar für umstrukturierungsbezogene Anpassungen zulässt.
Die vorläufigen Ergebnisse des vierten Quartals des Geschäftsjahres 2025 zeigen Einnahmen von 37,4 Millionen Dollar, ein Rückgang von 39,6 Millionen Dollar im Vergleich zum Vorjahr, hauptsächlich aufgrund von niedrigeren Verkaufszahlen der Trojan Label-Drucker und der Zeitplanung von Verteidigungsaufträgen. Das Unternehmen erwartet, eine nicht zahlungswirksame Wertminderung des Goodwills in Höhe von 13,4 Millionen Dollar im Zusammenhang mit seinem Segment Produktidentifikation zu verbuchen.
AstroNova hat einen Umstrukturierungsplan umgesetzt, der auf 3 Millionen Dollar jährliche Kosteneinsparungen abzielt, einschließlich einer Reduzierung der globalen Belegschaft um 10 % und einer Neuausrichtung seiner MTEX-Operationen. Für das Geschäftsjahr 2026 prognostiziert das Unternehmen Einnahmen von 160-165 Millionen Dollar mit einer bereinigten EBITDA-Marge von 8,5-9,5 %. Strategische Initiativen umfassen die Weiterentwicklung der Druckmotorentechnologie, die Erhöhung des Eigentums an Verbrauchsmaterialien und die Straffung der Produktlinien.
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The updated release reads:
ASTRONOVA ANNOUNCES KEY ACTIVITIES IN ADVANCE OF ITS APRIL EARNINGS RELEASE
- Announces Bank Credit Agreement Waiver and Amendment Completion
- Releases Preliminary Q4 FY 2025 Financial Results
-
Implements Restructuring Actions to Generate
$3M - Provides Financial and Key Initiative Guidance for FY 2026
AstroNova, Inc. (Nasdaq: ALOT) (“AstroNova” or the “Company”), a global leader in data visualization technologies, has successfully executed a waiver and amendment of its revolving credit facility and term loans with Bank of America. In addition, the Company reported preliminary unaudited financial results for its fiscal 2025 fourth quarter ended January 31, 2025 and announced a restructuring plan expected to generate annualized cost savings of
Amendment and Waiver Relating to Credit Agreement
The Company obtained an amendment and waiver with regard to its credit agreement with Bank of America. Among other changes to the credit agreement, the amendment waives certain covered covenants as of the end of its fiscal quarter ended January 31, 2025, provides for relaxed financial covenant ratios during fiscal 2026, and provides for reduced payments of certain of its term loans during fiscal 2026 as the Company implements its restructuring efforts, after which the payments of such term loan increase. The amended credit agreement provides for up to
Preliminary Fourth-Quarter Fiscal 2025 Financial Results
For the three months ended January 31, 2025, the Company preliminarily reports unaudited revenues of approximately
The fourth-quarter fiscal 2025 audit is not yet completed as of this date. The Company expects to report its fourth-quarter and full-year fiscal 2025 financial results on April 14, 2025.
Fiscal 2026 Guidance
For fiscal year 2026, the Company is projecting revenues in the range of
Restructuring Plan
AstroNova’s restructuring plan includes the reduction of approximately
Key Strategic Initiatives
Print engine technology advances. AstroNova is building upon MTEX's technology to create a next-generation print engine technology that is expected to be integrated into both MTEX and AstroNova PI offerings. The transition, which is already underway and anticipated to be largely completed by year-end, aims to broaden application ranges, enhance competitive positioning, and provide customers with a lower total cost of ownership.
Increased ownership of consumables. The Company expects the next-generation print engine technology will enable it to take greater control of its supply chain thereby driving down costs and improving margins.
Product conversion and rationalization. The Company is converting legacy Aerospace printers to its ToughWriter brand, reducing SKUs and increasing profitability. In addition, the Company streamlined its legacy and MTEX product lines to eliminate low volume and low profit models.
Organizational changes. The Company is optimizing leadership roles to simplify segment-level reporting and enhance accountability.
Management Commentary
“The restructuring and reorganization initiatives we announced today are intended to enhance profitability by aggressively cutting costs and streamlining operations,” said Greg Woods, AstroNova’s President and Chief Executive Officer. “We believe these actions will position us well for margin expansion and accelerated growth in our core markets as we leverage the AstroNova Operating System, our established global customer relationships, and our strong brand recognition. We are especially excited about the opportunities presented by our next-generation print engine technology, developed through the combined expertise of our AstroNova and MTEX engineering teams, as we integrate it into our global product offerings.”
Use of Non-GAAP Financial Measures
In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this news release contains the non-GAAP financial measure Adjusted EBITDA margin, which the Company defines as GAAP net income (loss) adjusted to add back depreciation, amortization, interest, income taxes, stock-based compensation, acquisition expenses, inventory step-up, restructuring charges, and asset impairment charges, divided by revenue. AstroNova believes that the inclusion of this non-GAAP financial measure helps investors gain a meaningful understanding of changes in the Company’s core operating results and can help investors who wish to make comparisons between AstroNova and other companies on both a GAAP and a non-GAAP basis. AstroNova’s management uses this non-GAAP financial measure, in addition to GAAP financial measures, as the basis for measuring its core operating performance and comparing such performance to that of prior periods and to the performance of its competitors. This measure is also used by the Company’s management to assist with their financial and operating decision-making. Although the Company provided guidance for Adjusted EBITDA margin in this news release, it is not able to reconcile this guidance to the most directly comparable GAAP measure. Reconciliations for forward-looking figures would require unreasonable efforts at this time because of the uncertainty and variability of the nature and amount of certain components of various necessary GAAP components, including, for example, compensation, amortization and others that may arise during the year, and the Company’s management believes such reconciliations would imply a degree of precision that would be confusing or misleading to investors.
About AstroNova
AstroNova (Nasdaq: ALOT), a global leader in data visualization technologies since 1969, designs, manufactures, distributes, and services a broad range of products that acquire, store, analyze, and present data in multiple formats. The Product Identification segment provides a wide array of digital, end-to-end product marking and identification solutions, including hardware, software, and supplies for OEMs, commercial printers, and brand owners. The Test and Measurement segment provides products designed for airborne printing solutions, avionics, and data acquisition. Our aerospace products include flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. Our data acquisition systems are used in research and development, flight testing, missile and rocket telemetry production monitoring, power, and maintenance applications.
AstroNova is a member of the Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is available by visiting https://astronovainc.com/.
Forward-Looking Statements
Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but rather reflect our current expectations concerning future events and results. These statements may include the use of the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “continues,” “may,” “will,” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning the benefits of the Company’s next-generation print engine technology and the impact of the Company’s restructuring efforts involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, (i) the risk that we may not be able to achieve profitability for MTEX in the timeline we expect or at all; (ii) the risk that we may not realize the expected benefits of our next-generation print engine technology; (iii) the risk that our cost-reduction and product line rationalization initiative may not provide the expected benefits or that our business may be adversely impacted by our reduction in force; (iv) the impact of our obligations under our credit facility on our liquidity and our ability to make investments in our business, (v) the uncertain impact of recent changes in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250320005788/en/
Tom DeByle
Vice President, Chief Financial Officer & Treasurer
AstroNova, Inc.
800 343 4039 (Toll-Free
Scott Solomon
Senior Vice President
Sharon Merrill Advisors
(857) 383-2409
ALOT@investorrrelations.com
Source: AstroNova
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