From Nasdaq: 2025-03-21 02:12:00

AstroNova Inc. (ALOT) reported a decrease in fourth-quarter preliminary revenue, totaling around $37.4 million compared to $39.6 million last year. The company plans to cut 10% of its global workforce, focusing on the PI segment to reduce costs. Lower revenue is attributed to decreased sales of large printers, obsolete products, and delayed orders due to the Boeing strike. AstroNova also restructured its Portugal operation, phasing out unprofitable models. CEO Greg Woods believes these actions will lead to margin expansion and growth. The company forecasts 2026 revenue of $160-$165 million with an EBITDA margin of 8.5-9.5%. Further improvements are expected from strategic initiatives. Earnings report is set for April 14.



Read more at Nasdaq: AstroNova Q4 Preliminary Revenue Slips, To Axe 10% Of Staff Globally