AstroNova, Inc. filed its definitive proxy materials for the upcoming Annual Meeting of Stockholders on July 9, 2025, urging shareholders to vote for its six director nominees. The company highlighted its transformation over the past eleven years, achieving a 7.5% compound annual revenue growth since CEO Gregory Woods' appointment and expanding recurring revenue to 71% in fiscal 2025.
The Board emphasized its focus on executing a clear strategy to strengthen its market position, reaccelerate revenue growth, and improve EBITDA generation in fiscal 2026 and beyond. AstroNova reiterated its fiscal year 2026 guidance, projecting revenues in the range of $160 million to $165 million and an Adjusted EBITDA margin of 8.5% to 9.5%.
Management detailed aggressive actions taken, including the implementation of the AstroNova Operating System at MTEX, a comprehensive cost reduction and product line rationalization initiative, and optimization of leadership roles. The company criticized Askeladden Capital's campaign as disruptive and its nominees as lacking relevant expertise.
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