ALOT News & Events

AstroNova announced that on May 15, 2026, Effort Premier Solutions Lda., Eloi Ferreira, Atlantiprestigio, AstroNova Portugal, Unipessoal, Lda. and AstroNova Inc. entered into a comprehensive settlement agreement to terminate the arbitration and related proceedings between all parties, and to mutually discharge all liabilities arising from the Share Purchase Agreement, the Transitional Management Agreement, and the related Lease Agreement, pursuant to which AstroNova Portugal, Unipessoal, Lda. purchased MTEX New Solution, S.A. from Effort Premium Solutions, Lda.

Reports Q4 revenue $37.5M vs $37.36M last year. 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."

"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 expects mid-single digit revenue growth and expanded adjusted EBITDA margin.

Astro Med trading resumes