AstroNova, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 28, 2023
December 06, 2023 at 07:36 am EST
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AstroNova, Inc. reported earnings results for the third quarter and nine months ended October 28, 2023. For the third quarter, the company reported sales was USD 37.55 million compared to USD 39.41 million a year ago. Net income was USD 2.75 million compared to USD 0.289 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.04 a year ago.
For the nine months, sales was USD 108.49 million compared to USD 102.67 million a year ago. Net income was USD 1.98 million compared to USD 1.3 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.18 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.
ASTRONOVA, INC. 
