ALOT

EX-99.1

2 d36739dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

FOR IMMEDIATE

RELEASE

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

•

Revenue increased $1.7 million to $39.4 million driven by Aerospace sales growth of 16.3%

•

Consolidated operating profit grew to $1.6 million and operating margin expanded 250 bps to 4.0%

•

Net income increased $1.0 million year-over-year to $0.7 million, or $0.08 per diluted share, compared with prior-year loss; Adjusted EBITDA increased 31.0% to $4.1 million

•

Total orders in the quarter were up 32.6% to $46.3 million for a book-to-bill ratio of 118%

•

Total debt of $35.9 million was reduced by $8.8 million compared with the first quarter of fiscal 2026 and $1.7 million compared with the fourth quarter of fiscal 2026; net debt of $31.2 million was down $2.3 million in the quarter compared with the fourth quarter of fiscal 2026

West Warwick, R.I., June 8, 2026 – AstroNova, Inc. (Nasdaq: ALOT), a leading innovator in specialized print technology solutions, today announced financial results for its fiscal 2027 first quarter ended April 30, 2026.

Jorik Ittmann, President and Chief Executive Officer of AstroNova, stated, “We had a solid start to fiscal 2027, with revenue increasing over 4% while operating profit grew over 170%. Our ToughWriter® branded flight deck printer is now the predominant product sold by our Aerospace segment. As a result, we had higher volume combined with improved pricing which drove profitability for that segment. In addition, our Product ID progress continues to strengthen its sales, marketing and operations with upgraded talent and an ever more sophisticated, customer-centric approach to the business. We are encouraged by our momentum and remain confident in the outlook for a strong year.”

First Quarter Fiscal 2027 Overview1 (comparisons are to the prior-year period unless noted otherwise)

Three Months Ended

April 30, 2026

April 30, 2025

$ Variance

% Variance

Revenue

$ 39,364

$ 37,708

$ 1,656

4.4 %

Gross Profit

$ 14,425

$ 11,951

$ 2,474

20.7 %

Gross Profit Margin

36.6 %

31.7 %

Non-GAAP Gross Profit

$ 14,552

$ 12,352

$ 2,200

17.8 %

Non-GAAP Adjusted Gross Profit Margin

36.9 %

32.8 %

Operating Income (Loss)

$ 1,562

$ 571

$ 991

173.7 %

Operating Margin

4.0 %

1.5 %

Non-GAAP Operating Income

$ 2,589

$ 1,527

$ 1,062

69.5 %

Non-GAAP Operating Income Margin

6.6 %

4.0 %

Net Income (Loss)

$ 653

$ (376 )

$ 1,029

(273.5 )%

Non-GAAP Net Income (Loss)

$ 1,443

$ 354

$ 1,089

307.8 %

Adjusted EBITDA

$ 4,122

$ 3,148

$ 974

30.9 %

Adjusted EBITDA Margin

10.5 %

8.3 %

1

Non-GAAP gross profit,

Non-GAAP gross profit margin, Non-GAAP operating income, Non-GAAP operating income margin,

Non-GAAP net income, adjusted EBITDA and adjusted EBITDA margin are Non-GAAP financial measures. Refer to the reconciliation of GAAP to non-GAAP measures in the tables that accompany this news release.

-MORE-

AstroNova Inc. | 600 East Greenwich Avenue | West Warwick, RI 02893 | 401.828.4000

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page 2 of 16

Compared with the prior-year period, revenue increased $1.7 million, or 4.4%, driven by Aerospace

segment growth that was marginally offset by a slight decline in Product ID revenue. Tariff mitigation contributed $0.7 million in revenue and foreign currency translation was a $0.6 million benefit to revenue in the quarter.

Gross profit increased $2.5 million, or 20.7%, and gross margin expanded 490 basis points to 36.6% primarily reflecting higher Aerospace volume and favorable mix. On an adjusted basis, excluding restructuring charges of $0.4 million and a $0.3 million net inventory reserve reversal, gross margin expanded 410 basis points from the prior-year to 36.9%.

Operating expenses in the quarter of $12.9 million included $0.7 million of non-recurring legal and professional fees. Higher gross profit combined with cost containment initiatives resulted in operating income increasing $1.0 million to $1.6 million in the quarter while operating margin expanded 250 basis points. Excluding non-recurring items, non-GAAP operating income increased 69.5% to $2.6 million compared with the prior-year period.

Interest expense of $0.7 million decreased $0.2 million from the prior-year period, reflecting lower outstanding debt. Net income grew to $0.7 million, or $0.08 per diluted share, compared with a net loss in the prior-year period. Non-GAAP net income increased to $1.4 million, or $0.19 per share, as a result of the improved performance in the quarter. Adjusted EBITDA was $4.1 million and Adjusted EBITDA margin was 10.5%.

Aerospace Segment Review

Aerospace segment revenue grew $1.9 million, or 16.3%, to $13.3 million compared with the prior year. Growth was driven by higher hardware volume and favorable product mix as commercial OEM production rates continued to increase. Aerospace hardware revenue grew 37.9% to $9.

EX-99.1

2 d143936dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

News Release

FOR IMMEDIATE

RELEASE

AstroNova Reports Fourth-Quarter and Full-Year

Fiscal 2026 Financial Results

•

Fourth quarter revenue of $37.5 million and fiscal 2026 revenue of $150.5 million, in line with guidance

•

Fourth quarter net loss was $1.1 million, or $0.15 per diluted share; adjusted EBITDA1 was $3.3 million, or 8.8% of sales

•

Product Identification turnaround gaining momentum with well-defined go-to-market and operations strategies

•

Total orders in the quarter were up 6.5% to $41.1 million

•

Generated $3.7 million of operating cash in the quarter and $11.7 million for the full year, compared with $2.5 million and $4.8 million in the prior periods, respectively

•

Strengthened balance sheet with debt reduced by $2.7 million in the quarter and $9.1 million in fiscal 2026

•

Previously announced evaluation of strategic alternatives

West Warwick, R.I., April 13, 2026 – AstroNova, Inc. (Nasdaq: ALOT), a leading innovator in specialized print technology solutions, today announced financial results for its fiscal 2026 fourth quarter and full-year ended January 31, 2026.

Jorik Ittmann, President and Chief Executive Officer of AstroNova, stated, “The second half of fiscal 2026 was a reset period for AstroNova. As we began the year, we recognized that the changes we were making in the business would begin to be realized with a stronger second half. Our focus was on stabilizing the business and ending the year having generated more cash, reduced debt, and raised accountability across both segments. Our Aerospace business delivered a strong performance, with ToughWriter now representing more than 80% of total flight deck printer shipments, positioning us well as aircraft build rates increase.

“In Product ID, we provide label printing solutions that address the needs of three key verticals: healthcare/life sciences, industrial and chemical industries. In these markets our labels are a component of customers’ products and are critical to their success. Our restructuring efforts are being realized through improving commercial momentum in these verticals. We have employed more robust analytics to understand our customers and markets and are better directing our resources to drive growth. This includes continuing to evolve the team, putting the right talent in the correct roles, and recognizing where and why we can win. We expect this focus of our resources where we have competitive advantages will lead to stronger, more profitable growth.”

1

Non-GAAP gross profit, Non-GAAP

gross profit margin, Non-GAAP operating income, Non-GAAP operating income margin, Non-GAAP net income, adjusted EBITDA and adjusted EBITDA margin are Non-GAAP financial measures. Refer to the reconciliation of GAAP to non-GAAP measures in the tables that accompany this news release.

-MORE-

AstroNova Inc. | 600 East Greenwich Avenue | West Warwick, RI 02893 | 401.828.4000

AstroNova Reports Fourth-Quarter and Full-Year Fiscal 2026 Financial Results

April 13, 2026

Page 2 of 19

Mr. Ittmann added, “Looking ahead to fiscal 2027, we expect Aerospace to deliver measured growth, supported by rising aircraft production, a favorable product mix, and the expiration of a major royalty obligation during the third quarter of the year that negatively impacts gross margin on an annualized basis by approximately $2 million. In Product ID, we are focused on converting our commercial pipeline into consistent revenue growth while strengthening operational performance. We believe we can create greater value for our shareholders with our enhanced product offerings, go-to-market strategy and operational restructuring. Importantly, we will evaluate all strategic alternatives to achieve this goal.”

Fourth Quarter Fiscal 2026 Overview1 (comparisons are to the prior-year period unless noted otherwise)

Three Months Ended

2H Fiscal 2026 compared with 1H Fiscal 2026

January 31, 2026

January 31, 2025

$ Variance

% Variance

2H FY26

1H FY26

$ Variance

% Variance

Revenue

$ 37,536

$ 37,361

$ 175

0.5 %

$ 76,705

$ 73,810

$ 2,895

3.9 %

Gross Profit

$ 11,325

$ 12,226

$ (901 )

(7.4 )%

$ 24,769

$ 22,865

$ 1,902

8.3 %

Gross Profit Margin

30.2 %

32.7 %

32.3 %

31.0 %

Non-GAAP Gross Profit

$ 11,903

$ 12,289

$ (386 )

(3.1 )%

$ 25,707

$ 23,264

$ 2,444

10.5 %

Non-GAAP Gross Profit Margin

31.7 %

32.9 %

33.5 %

31.5 %

Operating Income (Loss)

$ 56

$ (12,311 )

$ 12,367

(100.5 )%

$ 1,342

$ (137 )

$ 1,479

N/A

Operating Margin

0.1 %

(33.0 )%

1.7 %

(0.2 )%

Non-GAAP Operating Income

$ 1,124

$ 1,408

$ (284 )

(20.2 )%

$ 3,688

$ 1,906

$ 1,781

93.4 %

Non-GAAP Operating Income Margin

3.0 %

3.8 %

4.8 %

2.6 %

Net Income (Loss)

$ (1,134 )

$ (15,600 )

$ 14,466

(92.7 )%

$ (756 )

$ (1,620 )

$ 864

53.3 %

Non-GAAP Net Income (Loss)

$ (305 )

$ 419

$ (724 )

(172.7 )%

$ 1,277

$ (59 )

$ 1,336

N/A

Adjusted EBITDA

$ 3,306

$ 2,794

$ 5

8-K

false 0000008146 0000008146 2025-12-10 2025-12-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 10, 2025

ASTRONOVA, INC.

(Exact name of registrant as specified in its charter)

Rhode Island

0-13200

05-0318215

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

600 East Greenwich Avenue West Warwick, RI 02893 (Address of principal executive offices) (Zip Code) (401) 828-4000 Registrant’s telephone number, including area code Not applicable (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on which Registered

Common Stock, $0.05 Par Value

ALOT

NASDAQ Global Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On December 10, 2025, we issued a press release reporting the financial results for our fiscal third quarter ended October 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information contained in Item 2.02 of this report and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statement and Exhibits.

(d) Exhibits

Exhibit No.

Exhibit

99.1

Press Release dated December 10, 2025

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ASTRONOVA, INC.

Dated: December 10, 2025

By:

/s/ Thomas D. DeByle

Thomas D. DeByle

Vice President, Chief Financial Officer and Treasurer