Q1 2026 AstroNova Inc Earnings Call Transcript
Key Points
- AstroNova Inc (ALOT) reported a 14.4% year-over-year revenue growth for the first quarter, indicating strong performance.
- The company successfully launched three next-generation product identification solutions ahead of schedule, which are receiving strong customer interest.
- AstroNova Inc (ALOT) secured a renewed $10 million multiyear contract for its ToughWriter products, enhancing its position in the aerospace market.
- The company accelerated its $3 million annualized cost reduction plan, achieving $1.9 million in savings in the first quarter.
- AstroNova Inc (ALOT) reported a 27.6% increase in adjusted EBITDA, reflecting improved operational efficiency and profitability.
- Net loss for the quarter was $0.4 million, compared to a net income of $1.2 million in the prior year period.
- Backlog declined by $2.8 million year-over-year, primarily due to clearing previously delayed shipments.
- Aerospace orders declined by $1.5 million, partially offsetting overall order growth.
- Gross margin was negatively impacted by dilution related to the acquisition and legacy aerospace printer contracts.
- Cash provided by operations decreased to $4.4 million from $6.9 million in the prior year period, driven by timing issues related to inventory replenishment.
Greetings. Welcome to AstroNova's first quarter fiscal year 2026 financial results. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce Deborah Pawlowski, Investor Relations for AstroNova. Thank you. You may begin.
Thank you, and good morning, everyone. We certainly appreciate your interest in AstroNova, and thank you for sharing your time with us today. Joining me on our call are Greg Woods, our President and Chief Executive Officer; and Tom DeByle, our Chief Financial Officer.
You should have the earnings release that went out this morning as well as the slides that will accompany our conversation today. If not, you can find these documents on the Investor Relations section of our website at astronovainc.com.
If you would turn to slide 2, we'll discuss the cautionary statement. As you are likely aware, during the formal presentation as well as the Q&A session, management may make some forward-looking statements about our
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