Exhibit 99.1

 

LOGO    News Release

Contact:

Scott Solomon

Senior Vice President

Sharon Merrill Associates

(617) 542-5300

ALOT@investorrelations.com

AstroNova Announces Financial Results for the

First Quarter of Fiscal 2020

Board of Directors Declares Regular Quarterly Cash Dividend of $0.07 Per Share

First-Quarter Fiscal 2020 Achievements (all comparisons with first-quarter fiscal 2019)

 

   

Bookings of $38.5 million, up 16%

 

   

Revenue of $36.2 million, up 15%

 

   

Operating income of $2.5 million, up 95%

 

   

Earnings per diluted share of $0.23, up 92%

West Warwick, R.I. – June 5, 2019 – AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced financial results for the fiscal 2020 first quarter ended May 4, 2019.

CEO Commentary

“We executed well in the first quarter, generating strong year-over-year gains in revenue, operating income and earnings per share,” said President and CEO Greg Woods. “Our financial and operational performance reflects the strategic investments we are making in new product development, technology enhancements and geographic expansion, all driven by our AstroNova Operating System (AOS). Through the AOS standard set of tools and processes, we are realizing increased efficiencies, enhancing operating leverage and driving growth to the bottom line.

“Both segments contributed to our positive results in Q1,” Woods said. “In Product Identification, key business drivers included demand for our new, five-color QL-300 tabletop printer, which allows commercial printers and other customers to expand their capability to produce high-quality, short-run specialty labels across a range of industries. In the Test & Measurement segment, our results reflected solid momentum in our key end markets.”


The following information was filed by Astronova, Inc. (ALOT) on Wednesday, June 5, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Astronova, Inc.'s financial trajectory

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