- AstroNova (ALOT -3%) reported Q1 revenue growth of 28.7% Y/Y to $31.5M, with domestic revenue $19.2M (+23% Y/Y) and international revenue $12.3M (+40% Y/Y).
- Q1 Overall gross margin improved by 50 bps to 38.5% and operating margin improved 110 bps to 4%.
- Segment results: Product identification revenue $20M (+7% Y/Y) and operating margin was down by 510 bps to 8.3%; Test & management revenue $11.5M (+98% Y/Y) reflecting the impact of the Honeywell asset purchase and licensing agreement, and operating margin improved by 1,840 bps to 19.6%.
- Bookings increased 29% Y/Y to $33.3M from $25.8M.
- Backlog was at $23.9M (+31% Y/Y) as of April 28, 2018.
- “We continue to be positive on our expectations for fiscal 2019 with comparable sales and earnings in the second quarter and improving performance in the second half of the year as we wind down the Transition Services Agreement with Honeywell for our new Aerospace printer line as well as increased revenue contributions from our new TrojanLabel product lines,” commented Greg Woods President and CEO.
- Previously: AstroNova reports Q1 results (June 5)
- Now read: Zebra Technologies (ZBRA) Presents At Bernstein Thirty-Fourth Annual Strategic Decisions Conference - Slideshow
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