AstroNova(ALOT) - 2025 Q1 - Quarterly Results

Financial Performance - Bookings for Q1 FY 2025 totaled $33.1 million, down from $38.4 million in Q1 FY 2024[6] - Revenue for Q1 FY 2025 was $32.961 million, a decrease of 7% compared to $35.419 million in Q1 FY 2024[5] - Net income increased by 39% to $1.181 million in Q1 FY 2025, compared to $848,000 in Q1 FY 2024[5] - Earnings per diluted share rose to $0.15, up 36% from $0.11 in the same quarter last year[5] - Adjusted EBITDA for Q1 FY 2025 was $2.465 million, a decline of 19% from $3.053 million in Q1 FY 2024[5] - Total revenue for the three months ended April 27, 2024, was $32,961,000, a decrease of 12.4% from $35,419,000 for the same period in 2023[20] - Operating income for the same period was $1,346,000, down from $1,461,000, reflecting a decrease of 7.9%[20] - Net income for the three months ended April 27, 2024, was $1,181,000, compared to $848,000 for the same period in 2023, representing an increase of 39.2%[20] - Adjusted EBITDA for the three months ended April 29, 2023, was $3,053,000, reflecting the company's operational performance[22] Segment Performance - The Product Identification segment generated revenue of $23.2 million, down from $25.1 million year-over-year, but operating profit margin increased by 290 basis points[7] - The Test & Measurement segment reported revenue of $9.8 million, a decrease from $10.3 million in the prior year, with an operating profit margin of 17.6%[8] Expectations and Guidance - The company expects mid-single-digit organic revenue growth and Adjusted EBITDA margins of 13% to 14% for the full fiscal year 2025[4] Acquisition and Market Position - AstroNova's acquisition of MTEX NS enhances its position in the color digital printing market and expands its product range significantly[4] Backlog and Assets - Backlog as of April 27, 2024, was $31.6 million, down from $38.7 million at the end of Q1 FY 2024[6] - Total current assets decreased to $70,272,000 as of April 2024, down from $76,674,000 as of January 31, 2024, a decline of 8.4%[19] - Total liabilities decreased to $35,394,000 as of April 2024, down from $42,969,000 as of January 31, 2024, a reduction of 17.6%[19] - Cash and cash equivalents decreased to $3,990,000 from $4,527,000, a decline of 11.8%[19] - Accounts receivable, net, decreased to $17,863,000 from $23,056,000, a decrease of 22.5%[19] - Inventories, net, decreased slightly to $45,177,000 from $46,371,000, a decline of 2.6%[19] Corporate Expenses - The company reported corporate expenses of $3,367,000 for the three months ended April 27, 2024, compared to $3,126,000 for the same period in 2023, an increase of 7.7%[20]