AstroNova, Inc. announced its financial results for the fiscal 2026 first quarter ended April 30, 2025, reporting net revenue of $37.708 million, a 14.4% increase year-over-year. This growth was driven by double-digit increases in both the Aerospace and Product Identification (Product ID) segments.
The Product ID segment's revenue grew by 13.4% to $26.3 million, benefiting from the MTEX acquisition and increased demand for legacy desktop label printers. The Aerospace segment saw a 16.8% revenue increase to $11.4 million, primarily due to increased shipments of ToughWriter® products for commercial and defense markets, including the recently announced defense contract renewal.
Despite reporting a GAAP net loss of $0.376 million, or $0.05 per diluted share, AstroNova's Adjusted EBITDA increased by 27.7% year-over-year to $3.148 million, with the Adjusted EBITDA margin expanding by 80 basis points. The company also implemented approximately $1.9 million of its $3 million annualized cost reduction plan, expecting to substantially complete the full plan in the second quarter.
AstroNova reaffirmed its fiscal 2026 outlook, continuing to expect net revenue in the range of $160 million to $165 million and an Adjusted EBITDA margin of 8.5% to 9.5%. The company noted significant progress in advancing the new foundational technology from the MTEX acquisition, re-engineering it into a next-generation print engine solution.
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