AstroNova(ALOT) - 2025 Q4 - Annual Report

Financial Performance - The order backlog as of January 31, 2025, was $28.3 million, down from$ 31.4 million in 2024[35] - The company reported a foreign exchange loss of $0.5 million for the year ended January 31, 2025, due to transactional exposure[224] - A hypothetical 10% change in foreign currency translation rates could result in a$ 1.9 million increase or decrease in consolidated net income for the year ended January 31, 2025[223] - As of January 31, 2025, the company has total indebtedness of $42.7 million, including$ 9.5 million in USD term loan variable-rate debt and $12.7 million in Euro term loan variable-rate debt[225] - The weighted average interest rate on the company's variable-rate debt was 6.71% during fiscal 2025, with the revolving credit facility debt at 7.28%[225] - A 100 basis point change in interest rates on the outstanding balance of variable-rate term debt and revolving credit facility debt would impact the company's results by approximately$ 0.4 million annually[225] Employee and Management - The company employs 441 full-time employees, including 72 from the recent MTEX acquisition[40] - The company appointed Mr. DeByle as Vice President, CFO, and Treasurer effective June 17, 2024, bringing extensive financial experience from previous roles[47] Product and Market Segments - The PI segment includes brands such as QuickLabel, TrojanLabel, GetLabels, Astro Machine, and MTEX, focusing on digital product marking and identification solutions[18] - The MTEX acquisition enhances offerings in the commercial printing segment, targeting mid-to-high volume markets with efficient, cost-saving digital printing solutions[19] - The ToughWriter series of airborne printers is expected to grow in sales, currently accounting for almost half of airborne printer sales, with an anticipated increase in fiscal 2026[25] - The T&M segment includes high-speed data acquisition systems and products for various industries, including aerospace and defense[24] - The company has a diverse range of technologies, including data visualization, electronic, software, and mechanical engineering[27] Customer and Quality Commitment - The company does not rely on any single customer for 10% or more of its net revenue over the last three fiscal years[34] - The company operates with a commitment to quality, aiming for zero defects and understanding customer needs[49] - The AstroNova Operating System (AOS) is utilized to manage business processes for continuous improvements in quality, delivery, cost, and growth[49] Governance and Reporting - The company has adopted a Code of Conduct applicable to all directors and officers, ensuring ethical business practices[50] - The company provides access to its financial reports, including Annual Reports and Quarterly Reports, on its website and through the SEC[51] Global Operations - The company operates in approximately 100 countries, maintaining a leadership position in tabletop digital color label printing and flight deck printers[30][31]