Q1 2025 AstroNova Inc Earnings Call Transcript
Key Points
- AstroNova Inc (ALOT) reported a profitable first quarter despite challenges.
- Gross margin increased to 36.3%, up 130 basis points from the same period last year.
- The acquisition of MTEX NS is expected to generate $8 million to $10 million in revenue this fiscal year.
- The integration of MTEX NS is proceeding well, with significant top and bottom-line growth opportunities.
- AstroNova Inc (ALOT) remains on track to achieve its fiscal full year 2025 expectation for organic revenue growth in the mid-single digits and adjusted EBITDA margin in the range of 13% to 14%.
- Revenues for the quarter were $33 million, down 7% from the prior year period.
- Component shortages delayed the shipment of certain legacy printers in the aerospace product line, impacting revenue.
- Bookings in the quarter were $33.1 million compared to $38.4 million last year, indicating a decline.
- Operating expenses were down only slightly, with some reallocations due to new accounting rules.
- Adjusted EBITDA of $2.5 million was down 19% from last year, primarily due to temporary revenue issues.
Good morning, and welcome to the AstroNova fiscal first quarter 2025 financial results conference call. Today's call is being recorded. I would now like to turn the conference call over to Scott Solomon of the company's Investor Relations firm, Sharon Merrill advisors. Please go ahead, sir.
Thank you, Candice, and good morning, everyone. By now you should have received a copy of the earnings release issued this morning. If you have not received a copy, please go to the investor's page of the AstroNova website, www.astronovainc.com. You can also access the deck that follows along with our prepared remarks on the Investors section of our website under Events and Presentations.
Turning to slide 2, in that deck. Statements made on today's call that are not statements of historical fact are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements
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