AstroNova, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2022
September 08, 2022 at 02:20 pm EDT
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AstroNova, Inc. reported earnings results for the second quarter and six months ended July 31, 2022. For the second quarter, the company reported sales was USD 32.26 million compared to USD 29.85 million a year ago. Net income was USD 0.584 million compared to USD 7.02 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.97 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.96 a year ago.
For the six months, sales was USD 63.27 million compared to USD 58.92 million a year ago. Net income was USD 1.01 million compared to USD 7.61 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 1.06 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 1.04 a year ago.
AstroNova, Inc. designs, develops, manufactures, and distributes a range of specialty printers, and data acquisition and analysis systems, including both hardware and software, which incorporate advanced technologies to acquire, store, analyze and present data in multiple formats. The Company operates through two segments: Product Identification (PI) and Test & Measurement (T&M). The PI segment includes specialty printing systems and related supplies sold under the QuickLabel, TrojanLabel and GetLabels brand names. The T&M segment includes its line of aerospace printers, ethernet networking products, and test and measurement data acquisition systems sold under the AstroNova brand name. The Company offers its hardware and software products to various markets, including aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging, and transportation.