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

Third Quarter of Fiscal 2019

Board of Directors Declares Regular Quarterly Cash Dividend of

$0.07 Per Share

Third-Quarter Fiscal 2019 Achievements (all comparisons with third-quarter fiscal 2018)

 

   

Revenue of $34.2 million, up 18.9 percent

 

   

Operating income of $2.4 million, up 44.7 percent

 

   

Operating margin of 6.9 percent, up 120 basis points

 

   

Diluted EPS of $0.20 per share, down 4.8 percent

 

   

Bookings of $34.2 million, up 9.7 percent

 

   

Backlog of $24.5 million at October 27, 2018, up 15.1 percent

West Warwick, R.I. – November 21, 2018 – AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced financial results for the fiscal 2019 third quarter ended October 27, 2018.

“Record revenue in the quarter with continued double-digit increases in revenue and operating income highlighted a solid third quarter of financial results for AstroNova,” said President and CEO Greg Woods. “We are encouraged with the continuous growth in both our segments with the Test & Measurement segment posting 51 percent revenue growth year-over-year reflecting the growth of our new data acquisition products and accelerated performance in our Aerospace business from the acquired Honeywell printer line in last year’s third quarter.

 

 

     

600 East Greenwich Avenue

West Warwick, RI 02893

+1 (401) 828-4000

  

NASDAQ: ALOT

www.astronovainc.com

  

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The following information was filed by Astronova, Inc. (ALOT) on Wednesday, November 21, 2018 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.
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