Double-Digit Growth in Both Segments
AstroNova delivered double-digit growth in both segments and increased consolidated adjusted operating income by 13.5% year over year.
Launch of Next-Generation Product Identification Solutions
Launched three next-generation product identification solutions ahead of schedule, unlocking new end markets and allowing better control over supply chain costs.
Renewed $10 Million Aerospace Contract
Announced a renewed $10 million multiyear contract win for the delivery of ToughWriter products over the next five years to a prime defense contractor.
Revenue Growth and Improved Profitability
First-quarter revenue of $37.7 million grew 14.4% year over year with an adjusted EBITDA margin expansion of 80 basis points.
Successful Cost Reduction Efforts
Accelerated a $3 million annualized cost reduction plan by completing $1.9 million of cost-saving actions in the quarter.