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Form 8-K

sec.gov

8-K — AstroNova, Inc.

Accession: 0001193125-26-260672

Filed: 2026-06-08

Period: 2026-06-08

CIK: 0000008146

SIC: 3577 (COMPUTER PERIPHERAL EQUIPMENT, NEC)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — d36739d8k.htm (Primary)

EX-99.1 (d36739dex991.htm)

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8-K

8-K (Primary)

Filename: d36739d8k.htm · Sequence: 1

8-K

false 0000008146 0000008146 2026-06-08 2026-06-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): June 8, 2026

ASTRONOVA, INC.

(Exact name of registrant as specified in its charter)

Rhode Island

0-13200

05-0318215

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation)

File Number)

Identification No.)

600 East Greenwich Avenue

West Warwick, RI 02893

(Address of principal executive offices) (Zip Code)

(401) 828-4000

Registrant’s telephone number, including area code

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading

Symbol(s)

Name of Each Exchange

on which Registered

Common Stock, $0.05 Par Value

ALOT

NASDAQ Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On June 8, 2026, we issued a press release reporting the financial results for our fiscal first quarter ended April 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information contained in Item 2.02 of this report and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01

Financial Statement and Exhibits.

(d)

Exhibits

Exhibit No.

Exhibit

99.1

Press Release dated June 8, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ASTRONOVA, INC.

Dated: June 8, 2026

By:

/s/ Thomas D. DeByle

Thomas D. DeByle

Vice President, Chief Financial Officer and Treasurer

EX-99.1

EX-99.1

Filename: d36739dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

FOR IMMEDIATE

RELEASE

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

Revenue increased $1.7 million to $39.4 million driven by Aerospace

sales growth of 16.3%

Consolidated operating profit grew to $1.6 million and operating margin expanded 250 bps to

4.0%

Net income increased $1.0 million year-over-year to $0.7 million, or

$0.08 per diluted share, compared with prior-year loss; Adjusted EBITDA increased 31.0% to $4.1 million

Total orders in the quarter were up 32.6% to $46.3 million for a book-to-bill ratio of 118%

Total debt of $35.9 million was reduced by $8.8 million compared with

the first quarter of fiscal 2026 and $1.7 million compared with the fourth quarter of fiscal 2026; net debt of $31.2 million was down $2.3 million in the quarter compared with the fourth

quarter of fiscal 2026

West Warwick, R.I., June 8, 2026 – AstroNova, Inc. (Nasdaq: ALOT), a

leading innovator in specialized print technology solutions, today announced financial results for its fiscal 2027 first quarter ended April 30, 2026.

Jorik Ittmann, President and Chief Executive Officer of AstroNova, stated, “We had a solid start to fiscal 2027, with revenue increasing over 4% while

operating profit grew over 170%. Our ToughWriter® branded flight deck printer is now the predominant product sold by our Aerospace segment. As a result, we had higher volume combined with

improved pricing which drove profitability for that segment. In addition, our Product ID progress continues to strengthen its sales, marketing and operations with upgraded talent and an ever more sophisticated, customer-centric approach to the

business. We are encouraged by our momentum and remain confident in the outlook for a strong year.”

First Quarter Fiscal 2027 Overview1 (comparisons are to the prior-year period unless noted otherwise)

Three Months Ended

April 30,

2026

April 30,

2025

$

Variance

%

Variance

Revenue

$

39,364

$

37,708

$

1,656

4.4

%

Gross Profit

$

14,425

$

11,951

$

2,474

20.7

%

Gross Profit Margin

36.6

%

31.7

%

Non-GAAP Gross Profit

$

14,552

$

12,352

$

2,200

17.8

%

Non-GAAP Adjusted Gross Profit Margin

36.9

%

32.8

%

Operating Income (Loss)

$

1,562

$

571

$

991

173.7

%

Operating Margin

4.0

%

1.5

%

Non-GAAP Operating Income

$

2,589

$

1,527

$

1,062

69.5

%

Non-GAAP Operating Income Margin

6.6

%

4.0

%

Net Income (Loss)

$

653

$

(376

)

$

1,029

(273.5

)%

Non-GAAP Net Income (Loss)

$

1,443

$

354

$

1,089

307.8

%

Adjusted EBITDA

$

4,122

$

3,148

$

974

30.9

%

Adjusted EBITDA Margin

10.5

%

8.3

%

1

Non-GAAP gross profit,

Non-GAAP gross profit margin, Non-GAAP operating income, Non-GAAP operating income margin,

Non-GAAP net income, adjusted EBITDA and adjusted EBITDA margin are Non-GAAP financial measures. Refer to the reconciliation of GAAP to

non-GAAP measures in the tables that accompany this news release.

-MORE-

AstroNova Inc. | 600 East Greenwich Avenue | West Warwick, RI 02893 | 401.828.4000

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

2

of 16

Compared with the prior-year period, revenue increased $1.7 million, or 4.4%, driven by Aerospace

segment growth that was marginally offset by a slight decline in Product ID revenue. Tariff mitigation contributed $0.7 million in revenue and foreign currency translation was a $0.6 million benefit to revenue in the quarter.

Gross profit increased $2.5 million, or 20.7%, and gross margin expanded 490 basis points to 36.6% primarily reflecting higher Aerospace volume and

favorable mix. On an adjusted basis, excluding restructuring charges of $0.4 million and a $0.3 million net inventory reserve reversal, gross margin expanded 410 basis points from the prior-year to 36.9%.

Operating expenses in the quarter of $12.9 million included $0.7 million of non-recurring legal and

professional fees. Higher gross profit combined with cost containment initiatives resulted in operating income increasing $1.0 million to $1.6 million in the quarter while operating margin expanded 250 basis points. Excluding non-recurring items, non-GAAP operating income increased 69.5% to $2.6 million compared with the prior-year period.

Interest expense of $0.7 million decreased $0.2 million from the prior-year period, reflecting lower outstanding debt. Net income grew to

$0.7 million, or $0.08 per diluted share, compared with a net loss in the prior-year period. Non-GAAP net income increased to $1.4 million, or $0.19 per share, as a result of the improved performance

in the quarter. Adjusted EBITDA was $4.1 million and Adjusted EBITDA margin was 10.5%.

Aerospace Segment Review

Aerospace segment revenue grew $1.9 million, or 16.3%, to $13.3 million compared with the prior year. Growth was driven by higher hardware volume and

favorable product mix as commercial OEM production rates continued to increase. Aerospace hardware revenue grew 37.9% to $9.0 million year-over-year reflecting continued conversion to the

ToughWriter® platform.

Aerospace segment operating profit increased $1.9 million, or 96%,

to $3.9 million driven by improved volume and pricing. Non-GAAP segment operating income was $3.4 million, or 25.6% of revenue, compared with $2.2 million in the prior-year period.

Orders in the quarter for the Aerospace segment increased 125.1% to $19.5 million for a

book-to-bill ratio of 147% reflecting strong demand from OEMs for new build aircraft. Backlog at the end of the first quarter was $18.2 million, an increase of

$6.2 million from the end of fiscal 2026 and more than double the $7.4 million at the end of the prior-year period.

Product Identification

(Product ID) Segment Review

Product ID revenue was $26.1 million for the first quarter of fiscal 2027, down 0.8%, or $0.2 million, compared

with the prior year. Hardware revenue increased modestly on new customer acquisition while recurring revenue was down $0.2 million. Recurring revenue represented approximately 82% of total segment sales. The year-over-year decline in direct-to-package revenue reflects the planned migration from legacy Trojan-platform products to MTEX-based solutions that the Company expects to begin to ramp in the second

quarter of fiscal 2027.

Product ID segment operating income was $0.6 million, double over the prior-year period, reflecting improving productivity,

better cost control and favorable aftermarket mix. Non-GAAP segment operating income was $1.3 million, or 4.8% of revenue, compared with $1.0 million in the prior-year period.

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

3

of 16

Orders in the quarter for the Product ID segment increased $0.5 million, or 2.1%, to $26.8 million

compared with the prior-year period. The book-to-bill ratio for the segment was 103% and backlog at the end of the first quarter was $14.2 million.

Balance Sheet and Cash Flow

Cash from operations in the

first quarter of fiscal 2027 was $3.0 million compared with $4.4 million in the prior year period as stronger cash earnings were offset by higher working capital requirements due to timing of receivables from customers and inventory

requirements to support growth.

Capital expenditures in the quarter were $36 thousand compared with $60 thousand in the prior year.

Cash at the end of the first quarter of fiscal 2027 was $4.7 million compared with $4.1 million at the end of fiscal 2026. Net debt as of

April 30, 2026, was $31.2 million, a reduction of $2.3 million, or 6.9%, compared with the end of the fourth quarter of fiscal 2026.

Earnings Conference Call Information

AstroNova will host

a conference call and webcast at 8:15 a.m. ET on Monday, June 8, 2026, to review financial and operating results for the first quarter of fiscal 2027. A question and answer session will follow.

To access the conference call, please dial (201) 689-8560 or find the webcast and accompanying slide presentation at

https://investors.astronovainc.com/investors/events-and-presentations/default.aspx.

A telephonic replay will be available from 12:00 p.m. ET on the day of the call through Monday, June 22, 2026. To listen to the archived call, dial (412)

317-6671 and enter a replay PIN 13760545. The webcast replay will be available on the Investor Relations section of the Company’s website where a transcript will be posted once available.

About AstroNova, Inc.

AstroNova (Nasdaq: ALOT) is a

global provider of printing technologies serving regulated and industrial markets. The Company designs, manufactures, distributes, and services solutions that enable customers to identify, track, and communicate essential product and safety

information across a wide range of applications and media. AstroNova supports customers by enabling safety, accuracy and durability for flight deck communications, medical device and healthcare products, essential chemical products, and

mission-critical industrial components, while ensuring compliance with local and regional regulatory requirements.

The Product Identification segment

delivers end-to-end marking and identification solutions, including hardware, software, and consumables for OEMs, commercial printers, and brand owners. These solutions

are used across labels, flexible packaging, corrugated, and industrial substrates, where durability, traceability, and compliance are essential. The Aerospace segment is a global leader in providing products designed for airborne printing solutions,

avionics, and data acquisition, including flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. For more information please visit: www.astronovainc.com.

Use of Non-GAAP Financial Measures

In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this news release contains the Non-GAAP financial measures: Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP

operating expenses, Non-GAAP operating income, Non-GAAP operating income margin, Non-GAAP net income (loss), Non-GAAP net income per Common Share—diluted, Non-GAAP segment gross profit, Non-GAAP segment gross profit margin, Non-GAAP segment operating income,

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

4

of 16

Non-GAAP segment operating margin, Adjusted EBITDA and Adjusted EBITDA Margin. AstroNova believes that the inclusion of these Non-GAAP financial measures helps investors gain a meaningful understanding of changes in the Company’s core operating results and can help investors who wish to make comparisons between AstroNova and other

companies on both a GAAP and a Non-GAAP basis. AstroNova’s management uses these Non-GAAP financial measures, in addition to GAAP financial measures, as the basis

for measuring its core operating performance and comparing such performance to that of prior periods and to the performance of its competitors. These measures are also used by the Company’s management to assist with their financial and

operating decision-making. Please refer to the financial reconciliation table included in this news release for a reconciliation of the Non-GAAP measures to the most directly comparable GAAP measures for the

three months ended April 30, 2026 and 2025.

Forward-Looking Statements

Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are not statements of historical fact but rather reflect our current expectations concerning future events and results. These statements may include the use of the words “believes,” “expects,”

“intends,” “plans,” “anticipates,” “likely,” “continues,” “may,” “will,” and similar expressions to identify forward-looking statements. Such forward-looking

statements, including those concerning the Company’s anticipated performance, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be

materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, (i) the risk that our efforts to improve sales in our Product Identification

segment may not result in the benefits we expect, (ii) the risk that our Aerospace customers may not continue to convert to our ToughWriter® printer in the volumes or on the schedule that

we expect; (iii) the risk that we may not realize the anticipated benefits of our next-generation print engine technology; and (iv) those factors set forth in the Company’s Annual Report on Form

10-K for the fiscal year ended January 31, 2026 and subsequent filings AstroNova makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any

forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release.

Contact:

Deborah Pawlowski, IRC, Alliance Advisors

Email: dpawlowski@allianceadvisors.com

Phone:

716.843.3908

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

5

of 16

ASTRONOVA, INC.

Condensed Consolidated Statements of Income (Loss)

In Thousands Except for Per Share Data

(Unaudited)

Three Months Ended

April 30,

2026

April 30,

2025

$ Variance

%

Variance

Revenue

$

39,364

$

37,708

$

1,656

4.4

%

Cost of Revenue

24,939

25,757

(818

)

(3.2

)%

Gross Profit

14,425

11,951

2,474

20.7

%

Total Gross Profit Margin

36.6

%

31.7

%

Operating Expenses:

Selling & Marketing

5,692

5,605

87

1.6

%

Research & Development

1,809

1,529

280

18.3

%

General & Administrative

5,363

4,246

1,117

26.3

%

Total Operating Expenses

12,864

11,380

1,484

13.0

%

Operating Income

1,562

571

991

173.7

%

Total Operating Margin

4.0

%

1.5

%

Interest Expense

675

897

(222

)

(24.7

)%

Other (Income)/Expense, net

38

(25

)

63

(250.0

)%

Income (Loss) Before Taxes

849

(301

)

1,150

(381.7

)%

Income Tax Provision

196

75

121

161.3

%

Net Income (Loss)

$

653

$

(376

)

$

1,029

(273.5

)%

Net Income (Loss) per Common Share - Basic

$

0.09

$

(0.05

)

Net Income (Loss) per Common Share - Diluted

$

0.08

$

(0.05

)

Weighted Average Number of Common Shares - Basic

7,678

7,560

Weighted Average Number of Common Shares - Diluted

7,774

7,560

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

6

of 16

ASTRONOVA, INC.

Condensed Consolidated Balance Sheets

In Thousands

(Unaudited)

April 30,

2026

Jan 31,

2026

ASSETS

CURRENT ASSETS

Cash and Cash Equivalents

$

4,675

$

4,072

Accounts Receivable, net

21,627

18,985

Inventories, net

43,926

43,252

Prepaid Expenses and Other Current Assets

4,425

4,395

Total Current Assets

74,653

70,704

PROPERTY, PLANT AND EQUIPMENT

40,364

40,400

Less Accumulated Depreciation

(26,718

)

(26,272

)

Property, Plant and Equipment, net

13,646

14,128

OTHER ASSETS

Identifiable Intangibles, net

20,684

21,496

Goodwill

17,244

17,376

Deferred Tax Assets, net

9,780

9,831

Right of Use Asset

2,307

2,466

Other Assets

1,542

1,565

TOTAL ASSETS

$

139,856

$

137,566

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES

Accounts Payable

$

7,601

$

6,806

Accrued Compensation

4,673

4,390

Other Accrued Expenses

7,564

4,702

Revolving Line of Credit

15,398

16,273

Current Portion of Long-Term Debt

4,272

3,033

Current Liability – Royalty Obligation

1,233

1,656

Current Liability – Excess Royalty Payment Due

194

331

Income Taxes Payable

1,036

691

Deferred Revenue

393

489

Total Current Liabilities

42,364

38,371

NON-CURRENT LIABILITIES

Long-Term Debt, net of current portion

16,234

18,295

Lease Liabilities, net of current portion

1,784

1,953

Grant Deferred Revenue

926

899

Royalty Obligation, net of current portion

160

145

Income Tax Payables

800

800

Other Long-Term Liability

66

241

TOTAL LIABILITIES

62,334

60,704

SHAREHOLDERS’ EQUITY

Common Stock

558

554

Additional Paid-in Capital

66,889

66,329

Retained Earnings

47,657

47,004

Treasury Stock

(35,418

)

(35,227

)

Accumulated Other Comprehensive Loss, net of tax

(2,164

)

(1,798

)

TOTAL SHAREHOLDERS’ EQUITY

77,522

76,862

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

139,856

$

137,566

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

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7

of 16

ASTRONOVA, INC.

Condensed Consolidated Statements of Cash Flows

(In Thousands)

(Unaudited)

Three Months Ended

April 30, 2026

April 30, 2025

Cash Flows from Operating Activities:

Net Income (Loss)

$

653

$

(376

)

Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:

Depreciation and Amortization

1,182

1,290

Grant Income Included in Depreciation

69

56

Amortization of Debt Issuance Costs

10

8

Share-Based Compensation

389

306

Deferred Income Tax Provision (Benefit)

37

(52

)

Changes in Assets and Liabilities:

Accounts Receivable

(2,691

)

210

Inventories

(766

)

(2,704

)

Income Taxes

146

172

Accounts Payable and Accrued Expenses

3,902

3,622

Deferred Revenue

(73

)

1,041

Other

163

822

Net Cash Provided by Operating Activities

3,021

4,395

Cash Flows from Investing Activities:

Purchases of Property, Plant and Equipment

(36

)

(60

)

Net Cash Used for Investing Activities

(36

)

(60

)

Cash Flows from Financing Activities:

Net Cash Proceeds from Share Purchases under Employee Stock Purchase Plan

51

Net Cash Used for Payment of Taxes Related to Vested Restricted Stock

(191

)

(155

)

Revolving Credit Facility, net

(824

)

(2,872

)

Payment of Minimum Guarantee Royalty Obligation

(423

)

(428

)

Principal Payments of Long-Term Debt

(809

)

(826

)

Net Cash Provided by (Used for) Financing Activities

(2,247

)

(4,230

)

Effect of Exchange Rate Changes on Cash and Cash Equivalents

(135

)

198

Net Increase in Cash and Cash Equivalents

602

303

Cash and Cash Equivalents, Beginning of Period

4,072

5,050

Cash and Cash Equivalents, End of Period

$

4,675

$

5,353

Supplemental Information:

Cash Paid (Received) During the Period for:

Interest

$

652

$

770

Income Taxes, net of refunds

$

50

$

(100

)

Non-Cash Transactions:

Operating Lease Obtained in Exchange for Operating Lease Liabilities

$

$

936

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

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ASTRONOVA, INC.

Segment Sales and Profit

(Unaudited, $ in thousands)

Three Months

Ended

($ in thousands)

April 30,

2026

April 30,

2025

Revenue:

Product ID

$

26,089

$

26,289

Aerospace

13,275

11,419

Total Revenue

$

39,364

$

37,708

Gross Profit:

Product ID

$

8,403

$

8,233

Aerospace

6,022

3,718

Gross Profit

$

14,425

$

11,951

Gross Profit Margin:

Product ID

32.2

%

31.3

%

Aerospace

45.4

%

32.6

%

Gross Profit Margin

36.6

%

31.7

%

Segment Operating Income:

Product ID

$

566

$

260

Aerospace

3,878

1,979

Total Segment Operating Income

$

4,444

$

2,239

Segment Operating Margin:

Product ID

2.2

%

1.0

%

Aerospace

29.2

%

17.3

%

Total Segment Operating Margin

11.3

%

5.9

%

Corporate Expense

(2,882

)

(1,668

)

Operating Income (Loss)

$

1,562

$

571

Interest Expense

675

897

Other (Income)/Expense, net

38

(25

)

Income (Loss) Before Income Taxes

$

849

$

(301

)

Income Tax Provision (Benefit)

196

75

Net Income (Loss)

$

653

$

(376

)

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

9

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ASTRONOVA, INC.

Segment Sales and Non-GAAP Profit

(Unaudited, $ in thousands)

Three Months

Ended

($ in thousands)

April 30,

2026

April 30,

2025

Revenue:

Product ID

$

26,089

$

26,289

Aerospace

13,275

11,419

Total Revenue

$

39,364

$

37,708

Gross Profit:

Product ID

$

9,023

$

8,465

Aerospace

5,527

3,887

Non-GAAP Gross Profit

$

14,550

$

12,352

Gross Profit Margin:

Product ID

34.6

%

32.2

%

Aerospace

41.6

%

34.0

%

Non-GAAP Gross Profit Margin

36.9

%

32.8

%

Segment Operating Income:

Product ID

$

1,263

$

995

Aerospace

3,393

2,150

Total Non-GAAP Segment Operating Income

$

4,656

$

3,145

Segment Operating Margin:

Product ID

4.8

%

3.8

%

Aerospace

25.6

%

18.8

%

Total Non-GAAP Segment Operating Margin

11.8

%

8.3

%

Corporate Expense

(2,067

)

(1,620

)

Non-GAAP Operating Income

$

2,589

$

1,527

Interest Expense

$

675

$

897

Other (Income)/Expense, net

38

(25

)

Income Before Income Taxes

$

1,876

$

655

Adjusted Income Tax Provision (Benefit)

433

301

Non-GAAP Net Income

$

1,443

$

354

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

10

of 16

ASTRONOVA, INC.

Revenue by Market

(in

thousands)

(unaudited)

Product ID:

Q1 FY26

Q2 FY26

Q3 FY26

Q4 FY26

FY2026

Q1 FY27

YTD FY2027

Desktop Label Printers

$

15,478

$

15,190

$

16,115

15,041

61,824

$

15,466

15,466

Mail & Sheet/Flat Pack Printers

4,050

3,740

4,280

4,138

16,208

4,095

4,095

Professional Label Printers

3,247

3,506

3,636

3,863

14,252

3,503

3,503

Direct to Package/Overprint Printers

3,396

2,230

2,371

2,579

10,576

2,248

2,248

Flexible Packaging Printers

30

69

79

38

216

47

47

Other

88

19

368

670

1,145

731

731

TOTAL

$

26,289

$

24,754

$

26,849

26,329

104,221

$

26,089

26,089

Aerospace:

Q1 FY26*

Q2 FY26

Q3 FY26

Q4 FY26

FY2026

Q1 FY27

YTD FY2027

Commercial Aircraft

$

4,953

$

4,714

$

5,764

$

5,030

$

20,461

$

7,247

$

7,247

Aftermarket

4,911

4,953

4,955

4,831

19,650

4,275

4,275

Defense

811

1,047

766

885

3,509

754

754

Regional and Biz Jet Aircraft

396

431

634

195

1,656

564

564

Other

348

203

201

266

1,018

435

435

TOTAL

$

11,419

$

11,348

$

12,320

$

11,207

$

46,294

$

13,275

$

13,275

Consolidated Total

$

37,708

$

36,102

$

39,169

37,536

150,515

$

39,364

39,364

*

Q1 fiscal 2026 revenue by market has been revised from amount previously reported in our Q1 fiscal 2026 press

release issued on June 5, 2025, to correct a classification error between market categories. Total Q1 2026 fiscal sales were unaffected.

ASTRONOVA, INC.

Revenue

by Type

(Unaudited, $ in thousands)

Q1 FY26

Q2 FY26

Q3 FY26

Q4 FY26

FY 2026

Q1 FY27

YTD FY2027

Product ID

Product ID HW

$

4,776

$

4,511

$

5,357

$

5,332

$

19,976

$

4,783

$

4,783

Product ID Recurring Supplies, Parts & Service

21,513

20,243

21,492

20,997

84,245

21,306

21,306

Total Product ID

$

26,289

$

24,754

$

26,849

$

26,329

$

104,221

$

26,089

$

26,089

Aerospace

Aerospace HW

$

6,519

$

6,425

$

7,360

$

6,369

$

26,672

$

8,992

$

8,992

Aerospace Recurring Supplies, Parts & Service

4,900

4,923

4,960

4,838

19,622

4,283

4,283

Total Aerospace

$

11,419

$

11,348

$

12,320

$

11,207

$

46,294

$

13,275

$

13,275

Consolidated

AstroNova HW

$

11,295

$

10,936

$

12,717

$

11,701

$

46,648

$

13,775

$

13,775

AstroNova Recurring Supplies, Parts & Service

26,413

25,166

26,452

25,835

103,867

25,589

25,589

TOTAL

$

37,708

$

36,102

$

39,169

$

37,536

$

150,515

$

39,364

$

39,363

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

11

of 16

ASTRONOVA, INC.

Bookings and Backlog

(Unaudited, $ in thousands)

AstroNova

Q1 FY26

Q2 FY26

Q3 FY26

Q4 FY26

FY 2026

Q1 FY27

YTD FY2027

Backlog Beginning of Period (incl. MTEX)

$

28,307

$

25,491

$

25,291

$

21,989

$

28,307

$

25,530

$

25,530

Revenue Recognized (Billings)

$

37,708

$

36,102

$

39,169

$

37,536

$

150,515

$

39,364

$

39,364

New Bookings During Period

$

34,893

$

35,901

$

35,867

$

41,077

$

147,738

$

46,261

$

46,261

Backlog End of Period

$

25,491

$

25,291

$

21,989

$

25,530

$

25,530

$

32,426

$

32,426

Book/Bill%

93

%

99

%

92

%

109

%

96

%

118

%

118

%

Product Identification

Q1 FY26

Q2 FY26

Q3 FY26

Q4 FY26

FY 2026

Q1 FY27

YTD FY2027

Backlog Beginning of Period (incl. MTEX)

$

18,091

$

18,044

$

16,727

$

12,351

$

18,091

$

13,482

$

13,482

Revenue Recognized (Billings)

$

26,289

$

24,754

$

26,849

$

26,329

$

104,221

$

26,089

$

26,089

New Bookings During Period

$

26,242

$

23,437

$

22,473

$

27,460

$

99,612

$

26,789

$

26,789

Backlog End of Period

$

18,044

$

16,727

$

12,351

$

13,484

$

13,482

$

14,182

$

14,182

Book/Bill%

100

%

95

%

84

%

104

%

95

%

103

%

103

%

Aerospace

Q1 FY26

Q2 FY26

Q3 FY26

Q4 FY26

FY 2025

Q1 FY27

YTD FY2027

Backlog Beginning of Period

$

10,216

$

7,447

$

8,563

$

9,638

$

10,216

$

12,048

$

12,048

Revenue Recognized (Billings)

$

11,419

$

11,348

$

12,320

$

11,207

$

46,294

$

13,275

$

13,275

New Bookings During Period

$

8,651

$

12,464

$

13,394

$

13,617

$

48,126

$

19,471

$

19,471

Backlog End of Period

$

7,447

$

8,563

$

9,638

$

12,047

$

12,048

$

18,244

$

18,244

Book/Bill%

76

%

110

%

109

%

122

%

97

%

147

%

147

%

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

12

of 16

ASTRONOVA, INC.

Segment Sales and Profit – Historical Quarterly Summary (Recast)

(unaudited, $ in thousands)

FY24

Q1

Q2

Q3

Q4

FY25

Q1

Q2

Q3

Q4

FY26

Q1 FY27

Revenue

$

44,045

9,776

13,374

14,105

11,683

$

48,938

11,419

11,348

12,320

11,206

$

46,294

13,275

Gross profit

$

15,900

3,456

5,548

5,093

3,989

$

18,087

3,718

3,721

6,121

4,236

$

17,797

6,022

Gross Profit Margin

36.1

%

35.4

%

41.5

%

36.1

%

34.1

%

37.0

%

32.6

%

32.8

%

49.7

%

37.8

%

38.4

%

45.4

%

Operating Expenses:

Selling & Marketing

$

3,433

904

899

913

822

$

3,537

481

911

1,095

772

$

3,260

903

Research & Development

$

2,347

801

781

877

785

$

3,243

652

603

710

656

$

2,621

548

General & Administrative

$

1,881

644

567

512

497

$

2,220

606

540

536

471

$

2,154

693

Total Operating Expenses

$

7,661

2,348

2,246

2,301

2,104

$

9,000

1,739

2,055

2,341

1,899

$

8,034

2,144

Aerospace Operating Income

$

8,240

1,108

3,302

2,792

1,885

$

9,087

1,979

1,666

3,780

2,338

$

9,763

3,878

Aerospace Operating Margin

18.7

%

11.3

%

24.7

%

19.8

%

16.1

%

18.6

%

17.3

%

14.7

%

30.7

%

20.9

%

21.1

%

29.2

%

Non-GAAP

Aerospace Adjusted EBITDA1

$

10,239

1,519

3,719

3,193

2,279

$

10,710

2,566

2,081

3,911

3,104

$

11,662

3,769

Adjusted EBITDA Margin1

23.2

%

15.5

%

27.8

%

22.6

%

19.5

%

21.9

%

22.5

%

18.3

%

31.7

%

27.7

%

25.2

%

28.4

%

FY24

Q1

Q2

Q3

Q4

FY25

Q1

Q2

Q3

Q4

FY26

Q1 FY27

Revenue

$

104,041

23,185

27,165

26,317

25,679

$

102,345

26,289

24,754

26,849

26,330

$

104,221

26,089

Gross profit

$

33,604

8,002

8,315

8,015

8,236

$

32,570

8,233

7,194

7,323

7,088

$

29,838

8,403

Gross Profit Margin

32.3

%

34.5

%

30.6

%

30.5

%

32.1

%

31.8

%

31.3

%

29.1

%

27.3

%

26.9

%

28.6

%

32.2

%

Operating Expenses:

Selling & Marketing

$

19,971

4,436

5,567

5,438

5,274

$

20,715

5,124

4,935

4,773

4,870

$

19,703

4,789

Research & Development

$

3,994

670

507

795

832

$

2,804

877

961

1,188

1,141

$

4,167

1,261

General & Administrative

$

4,314

1,447

2,363

1,896

15,206

$

20,911

1,971

1,490

1,667

1,310

$

6,439

1,787

Total Operating Expenses

$

28,280

6,553

8,437

8,128

21,312

$

44,430

7,973

7,387

7,628

7,323

$

30,310

7,837

Product ID Operating Income

$

5,325

1,449

(121

)

(112

)

(13,076

)

$

(11,860

)

260

(192

)

(304

)

(234

)

$

(471

)

566

Product ID Operating Margin

5.1

%

6.2

%

-0.4

%

-0.4

%

-50.9

%

-11.6

%

1.0

%

-0.8

%

-1.1

%

-0.9

%

-0.5

%

2.2

%

Non-GAAP

Product ID Adjusted EBITDA1

$

11,156

2,046

1,619

1,269

1,615

$

6,550

1,903

870

1,371

1,095

$

5,239

2,112

Adjusted EBITDA Margin1

10.7

%

8.8

%

6.0

%

4.8

%

6.3

%

6.4

%

7.2

%

3.5

%

5.1

%

4.2

%

5.0

%

8.1

%

Corporate Expense

$

4,768

1,211

2,120

1,416

1,120

$

5,867

1,668

2,181

2,187

2,049

$

8,086

2,882

Consolidated Operating Income

8,796

1,346

1,061

1,264

(12,311

)

(8,640

)

571

(708

)

1,288

55

1,207

1,562

Consolidated Operating Margin

5.9

%

4.1

%

2.6

%

3.1

%

-33.0

%

-5.7

%

1.5

%

-2.0

%

3.3

%

0.1

%

0.8

%

4.0

%

Non-GAAP

Adjusted EBITDA1

$

17,601

2,463

3,849

3,230

2,793

$

12,336

3,148

2,056

4,173

3,306

$

12,681

4,122

Adjusted EBITDA Margin1

11.9

%

7.5

%

9.5

%

8.0

%

7.5

%

8.2

%

8.3

%

5.7

%

10.7

%

8.8

%

8.4

%

10.5

%

1

Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP metrics.

Please refer to the reconciliation of GAAP to non-GAAP metrics in the tables that accompany this news release.

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

13

of 16

ASTRONOVA, INC.

Reconciliation of GAAP to Non-GAAP Items

In Thousands Except for Per Share Data

(Unaudited)

Three Months Ended

April 30,

2026

April 30,

2025

Revenue

$

39,364

$

37,708

Gross Profit

$

14,425

$

11,951

Inventory Step-Up

61

Inventory Provision

(263

)

Restructuring Charges

360

340

Non-Recurring Legal, Professional & Other

Expenses

29

Non-GAAP Gross Profit

$

14,552

$

12,352

Gross Profit Margin

36.6

%

31.7

%

Non-GAAP Gross Profit Margin

36.9

%

32.8

%

Operating Expenses

$

12,863

$

11,382

MTEX-related Acquisition Expenses

(337

)

Bonus

(165

)

Restructuring Charges

(2

)

(219

)

Non-Recurring Legal, Professional & Other

Expenses

(734

)

Non-GAAP Operating Expenses

$

11,962

$

10,826

Operating Income

$

1,562

$

571

MTEX-related Acquisition Expenses

337

Inventory Step-Up

61

Inventory Provision

(263

)

Bonus

165

Restructuring Charges

362

558

Non-Recurring Legal, Professional & Other

Expenses

763

Non-GAAP Operating Income

$

2,589

$

1,527

Operating Income Margin

4.0

%

1.5

%

Non-GAAP Operating Income Margin

6.6

%

4.0

%

Net Income (Loss)

$

653

$

(376

)

MTEX-related Acquisition

Expenses(1)

257

Inventory Step-Up(1)

49

Inventory Provision(1)

(192

)

Bonus(1)

125

Restructuring Charges(1)

276

424

Non-Recurring Legal, Professional, and Other Expenses(1)

581

Non-GAAP Net Income

$

1,443

$

354

Diluted Earnings (Loss) Per Share

$

0.08

$

(0.05

)

MTEX-related Acquisition

Expenses(1)

0.03

Inventory Step-Up(1)

0.01

Inventory Provision(1)

(0.02

)

Bonus(1)

0.02

Restructuring Charges(1)

0.04

0.06

Non-Recurring Legal, Prfessional and Other Expenses(1)

0.07

Non-GAAP Diluted Earnings Per Share

$

0.19

$

0.05

(1)

Net of taxes

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

14

of 16

ASTRONOVA, INC.

Reconciliation of Net Income (Loss) to Adjusted EBITDA

Amounts In Thousands

(Unaudited)

Three Months Ended

April 30, 2026

April 30, 2025

Net Income (Loss)

$

653

$

(376

)

Interest Expense

675

897

Income Tax Expense

196

75

Depreciation & Amortization

1,182

1,290

EBITDA

$

2,706

$

1,886

Share-Based Compensation

389

306

Bonus

165

MTEX-related Acquisition Expenses

337

Inventory Step-Up

61

Inventory Provision

(263

)

Restructuring Charges

362

558

Non-Recurring Legal Expenses

763

Adjusted EBITDA

$

4,122

$

3,148

Revenue

$

39,364

$

37,708

Net Income (Loss) Margin

1.7

%

(1.0

)%

Adjusted EBITDA Margin

10.5

%

8.3

%

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

15

of 16

ASTRONOVA, INC.

Reconciliation of Segment Gross Profit to Non-GAAP Segment Gross Profit and Margin

Amounts In Thousands

(Unaudited)

Three Months Ended

April 30, 2026

April 30, 2025

Product

ID

Aerospace

Total

Product

ID

Aerospace

Total

Segment Gross Profit

$

8,403

$

6,022

$

14,425

$

8,233

$

3,718

$

11,951

Inventory Step-Up

61

61

Inventory Provision

232

(495

)

(263

)

Restructuring Charges

360

360

171

169

340

Non-Recurring Legal, Professional & Other

Expenses

29

29

Non-GAAP - Segment Gross Profit

$

9,023

$

5,527

$

14,551

$

8,465

$

3,887

$

12,352

Revenue

$

26,089

$

13,275

$

39,364

$

26,289

$

11,419

$

37,708

Gross Profit Margin

32.2

%

45.4

%

36.6

%

31.3

%

32.6

%

31.7

%

Non-GAAP Segment Gross Profit Margin

34.6

%

41.6

%

36.9

%

32.2

%

34.0

%

32.8

%

ASTRONOVA, INC.

Reconciliation of Segment Operating Profit and Margin to Non-GAAP Operating Profit and Margin

Amounts In Thousands

(Unaudited)

Three Months Ended

April 30, 2026

April 30, 2025

Product

ID

Aerospace

Total

Product

ID

Aerospace

Total

Segment Operating Income

$

566

$

3,878

$

4,444

$

260

$

1,979

$

2,239

Inventory Step-Up

61

61

Inventory Provision

232

(495

)

(263

)

Bonus

60

10

70

Restructuring Charges

362

362

339

171

510

MTEX-related Acquisition Expenses

336

336

Non-Recurring Legal, Professional & Other

Expenses

43

43

Non-GAAP - Segment Operating Income

$

1,263

$

3,393

$

4,656

$

995

$

2,150

$

3,145

Revenue

$

26,089

$

13,275

$

39,364

$

26,289

$

11,419

$

37,708

Operating Margin

2.2

%

29.2

%

11.3

%

1.0

%

17.3

%

5.9

%

Non-GAAP Operating Margin

4.8

%

25.6

%

11.8

%

3.8

%

18.8

%

8.3

%

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

June 8, 2026

Page

16

of 16

ASTRONOVA INC.

Reconciliation of Segment and Consolidated Net Income to Adjusted EBITDA (Past Quarters and Years)

(Unaudited, $ in thousands)

2024

Q1 25

Q2 25

Q3 25

Q4 25

FY25

Q1 26

Q2 26

Q3 26

Q4 26

FY26

Q1 27

Operating Income

$

8,240

$

1,108

$

3,302

$

2,792

$

1,886

$

9,088

$

1,980

$

1,666

$

3,780

$

2,338

$

9,763

$

3,878

Other

Interest expense

15

Profit Before Tax

$

8,240

1,108

3,302

2,792

1,886

$

9,088

1,980

1,666

3,780

2,338

$

9,763

$

3,863

Tax

Net Income

$

8,240

1,108

3,302

2,792

1,886

$

9,088

1,980

1,666

3,780

2,338

$

9,763

$

3,863

Interest expense

15

Tax

Depreciation & Amortization

1,873

374

378

365

365

1,482

373

368

363

360

1,464

332

Share-Based Compensation

126

37

39

36

29

140

43

46

80

94

263

44

Bonus

10

Inventory Provision

(311

)

311

(495

)

Restructuring Charges

170

1

171

Adjusted EBITDA

$

10,239

$

1,519

$

3,719

$

3,193

$

2,279

$

10,710

$

2,566

$

2,081

$

3,911

$

3,104

$

11,662

$

3,769

Revenue

$

44,045

$

9,776

$

13,374

$

14,105

$

11,683

$

48,938

$

11,419

$

11,348

$

12,320

$

11,206

$

46,294

$

13,275

Adjusted EBITDA Margin

23.2

%

15.5

%

27.8

%

22.6

%

19.5

%

21.9

%

22.5

%

18.3

%

31.7

%

27.7

%

25.2

%

28.4

%

2024

Q1 25

Q2 25

Q3 25

Q4 25

FY25

Q1 26

Q2 26

Q3 26

Q4 26

FY26

Q1 27

Operating Income

$

5,325

$

1,449

$

(121

)

$

(113

)

$

(13,075

)

$

(11,860

)

$

260

$

(192

)

$

(304

)

$

(234

)

$

(470

)

$

566

Other

20

Interest expense

24

Profit Before Tax

$

5,325

1,449

(121

)

(113

)

(13,075

)

$

(11,860

)

260

(192

)

(304

)

(234

)

$

(470

)

$

522

Tax

364

Net Income

$

5,325

1,449

(121

)

(113

)

(13,075

)

$

(11,860

)

260

(192

)

(304

)

(234

)

$

(470

)

$

158

Interest expense

24

Tax

364

Depreciation & Amortization

2,378

532

921

929

896

3,279

913

909

489

1,013

3,322

844

Share-Based Compensation

317

64

74

94

75

308

(7

)

86

88

207

373

26

Bonus

60

MTEX-related Acquisition Expenses

625

325

254

1,204

337

(26

)

311

Inventory Step-Up

120

34

62

216

61

61

Inventory Provision

670

54

724

232

Restructuring Charges

2,494

339

94

(2

)

52

483

362

Product Retrofit Costs

642

185

185

Non-Recurring Legal Expenses

134

(182

)

(48

)

43

Goodwill Impairment

13,403

13,403

297

297

Adjusted EBITDA

$

11,156

$

2,046

$

1,619

$

1,269

$

1,615

$

6,550

$

1,903

$

870

$

1,371

$

1,095

$

5,239

$

2,112

Revenue

$

104,041

$

23,185

$

27,165

$

26,317

$

25,679

$

102,345

$

26,289

$

24,754

$

26,849

$

26,330

$

104,221

$

26,089

Adjusted EBITDA Margin

10.7

%

8.8

%

6.0

%

4.8

%

6.3

%

6.4

%

7.2

%

3.5

%

5.1

%

4.2

%

5.0

%

8.1

%

2024

Q1 25

Q2 25

Q3 25

Q4 25

FY25

Q1 26

Q2 26

Q3 26

Q4 26

FY26

Q1 27

Operating Income

$

(4,768

)

$

(1,211

)

$

(2,120

)

$

(1,416

)

$

(1,122

)

$

(5,869

)

$

(1,668

)

$

(2,181

)

$

(2,187

)

$

(2,050

)

$

(8,087

)

$

(2,882

)

Other

26

118

173

46

100

437

(24

)

104

210

(51

)

239

18

Interest expense

2,697

482

938

944

847

3,210

897

885

827

894

3,503

635

Profit Before Tax

$

(7,491

)

(1,811

)

(3,231

)

(2,406

)

(2,069

)

$

(9,516

)

(2,541

)

(3,170

)

(3,224

)

(2,893

)

$

(11,829

)

$

(3,536

)

Tax

1,379

(434

)

261

34

2,342

2,203

75

(454

)

(128

)

346

(161

)

(168

)

Net Income

$

(8,870

)

(1,377

)

(3,492

)

(2,440

)

(4,411

)

$

(11,719

)

(2,616

)

(2,716

)

(3,096

)

(3,239

)

$

(11,668

)

$

(3,368

)

Interest expense

2,697

482

938

944

847

3,210

897

885

827

894

3,503

635

Tax

1,379

(434

)

261

36

2,342

2,205

75

(454

)

(128

)

346

(161

)

(168

)

Depreciation & Amortization

15

4

4

6

4

19

4

4

5

5

18

6

EBITDA

$

(4,779

)

(1,324

)

(2,289

)

(1,454

)

(1,218

)

$

(6,285

)

(1,640

)

(2,282

)

(2,392

)

(1,994

)

$

(8,308

)

$

(2,894

)

Share-Based Compensation

903

223

368

222

116

929

270

367

586

449

1,673

318

Bonus

95

CFO Transition Costs

432

432

Restructuring Charges

82

49

595

60

703

0

Non-Recurring Legal Expenses

69

254

440

763

720

Non-Recurring Proxy Costs

355

172

210

738

Realized Fx

100

100

Other (Income) and Expense

112

112

Adjusted EBITDA

$

(3,794

)

$

(1,101

)

$

(1,489

)

$

(1,232

)

$

(1,102

)

$

(4,924

)

$

(1,321

)

$

(896

)

$

(1,108

)

$

(895

)

$

(4,220

)

$

(1,760

)

2024

Q1 25

Q2 25

Q3 25

Q4 25

FY25

Q1 26

Q2 26

Q3 26

Q4 26

FY26

Q1 27

Operating Income

$

8,796

$

1,346

$

1,061

$

1,263

$

(12,311

)

$

(8,641

)

$

572

$

(708

)

$

1,288

$

55

$

1,208

$

1,562

Other

26

118

173

46

100

437

(24

)

104

210

(51

)

239

38

Interest expense

2,697

482

938

944

847

3,210

897

885

827

894

3,503

675

Profit Before Tax

$

6,073

746

(50

)

273

(13,258

)

$

(12,288

)

(301

)

(1,697

)

251

(789

)

$

(2,535

)

$

849

Tax

1,379

(434

)

261

34

2,342

2,202

75

(454

)

(128

)

346

(161

)

196

Net Income

$

4,694

1,180

(311

)

239

(15,600

)

$

(14,490

)

(376

)

(1,243

)

379

(1,134

)

$

(2,373

)

$

653

Interest expense

2,697

482

938

944

847

3,210

897

885

827

894

3,503

675

Tax

1,379

(434

)

261

36

2,342

2,202

75

(454

)

(128

)

346

(161

)

196

Depreciation & Amortization

4,266

911

1,304

1,300

1,266

4,780

1,290

1,280

856

1,379

4,805

1,182

EBITDA

$

13,036

2,139

2,191

2,519

(11,146

)

$

(4,297

)

1,886

469

1,934

1,485

$

5,774

$

2,706

Share-Based Compensation

1,347

325

481

352

219

1,378

306

499

754

751

2,310

389

Bonus

165

MTEX-related Acquisition Expenses

625

325

254

1,204

337

(26

)

311

CFO Transition Costs

432

432

Inventory Step-Up

120

34

62

216

61

61

Inventory Provision

359

365

724

(264

)

Restructuring Charges

2,576

558

689

59

52

1,357

362

Product Retrofit Costs

642

185

185

Non-Recurring Legal Expenses

69

387

258

715

763

Non-Recurring Proxy Costs

355

172

210

738

Realized Fx

100

100

Other (Income) and Expense

112

112

Goodwill Impairment

13,403

13,403

297

297

Adjusted EBITDA

$

17,601

$

2,463

$

3,849

$

3,230

$

2,793

$

12,336

$

3,149

$

2,056

$

4,175

$

3,306

$

12,682

$

4,121

Revenue

$

148,086

$

32,961

$

40,539

$

40,422

$

37,361

$

151,283

$

37,708

$

36,102

$

39,169

$

37,536

$

150,515

$

39,364

Adjusted EBITDA Margin

11.9

%

7.5

%

9.5

%

8.0

%

7.5

%

8.2

%

8.4

%

5.7

%

10.7

%

8.8

%

8.4

%

10.5

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