AstroNova sees FY27 revenue growth mid-single digits

“We are making solid progress with the improvement in our Product ID segment and are delivering on the potential of the Aerospace segment. As noted previously, a major royalty obligation for Aerospace will expire in the third quarter this year that will provide an annualized contribution to gross profit of approximately $2 million beginning in the fourth quarter. We are encouraged with our progress and believe we are creating greater opportunity for the business,” concluded Mr. Ittmann. For fiscal 2027, AstroNova (ALOT) expects mid-single digit revenue growth and expanded adjusted EBITDA margin.