Astronova, Inc. · NASDAQ:ALOT
Astronova — Q2 2026 Earnings Presentation
17 slides from Astronova's earnings presentation, Sep 9, 2025
Slide 1: Second Quarter FY2026 Financial Results
Second Quarter FY2026 Jorik Ittmann, President and CEO Tom DeByle, Chief Financial Officer Financial Results Leading Innovator in Specialized Print Technology Solutions September 9, 2025 AstroNova Nasdaq: ALOT
Slide 2: Cautionary Statement Use of Non-GAAP Financial Measures
Cautionary Statement Use of Non-GAAP Financial Measures Information included in this news release may contain forward-looking statements In addition to financial measures prepared in accordance with generally accepted within the meaning of the Private Securities Litigation Reform Act of 1995. accoun
Slide 3: New Leadership: Priorities to Drive Innovation, Execution, and Growth
New Leadership: Priorities to Drive Innovation, Execution, and Growth Refocus Product ID on customer centricity and operational execution • Reconnect with customers and improve customer retention • Lift operational performance to increase throughput • Deliver larger, higher-value presses and achieve
Slide 4: Revenue
Revenue ($ in millions) QUARTERS Product ID Q2FY26 revenue declined 8.9% y/y $40.5 $37.7 • 8% increase in Mail & Sheet due to higher hardware $36.1 demand from a single customer helped offset declines in all $13.4 $11.4 $11.3 other product categories • Desktop sales declined 7%, driven from customer
Slide 5: Gross Profit and Margin
Gross Profit and Margin ($ in millions) Gross Profit and Margin QUARTERS FIRST SIX MONTHS $26.3 $24.3 $14.3 $12.7 $11.6 Primary impact to gross profit and margin 35.3% 33.6% 32.2% 35.8% 32.9% for quarter and 1H FY26 was lower sales Q2 2025 Q1 2026 Q2 2026 1H 2025 1H 2026 volume Adj. Gross Profit and
Slide 6: Product ID Financial Results
Product ID Financial Results ($ in millions) Segment Operating Income and Margin QUARTERS FIRST SIX MONTHS $5.3 Product ID operating income and margin $4.7 $2.8 declines due to lower sales $2.3 $1.9 10.6% Shifting to longer sales cycles for higher- 8.6% 10.6% 7.7% 9.2% volume printers and delays in
Slide 7: Aerospace Financial Results
Aerospace Financial Results ($ in millions) Segment Operating Income and Margin QUARTERS FIRST SIX MONTHS $5.6 $0.3 million in cost reductions in the second $5.2 quarter and $1.1 million lower costs in 1H FY26 $3.8 were not enough to offset the $1.8 million and $2.8 $2.4 $1.5 million reduction in gr
Slide 8: EPS and Adj. EBITDA
EPS and Adj. EBITDA ($ in millions, except per share data) Net Earnings (Loss) and Adjusted EBITDA/ EPS and Adjusted EPS1 Adjusted EBITDA Margin 1 $3.9 $3.1 $0.08 $2.1 $0.05 $0.35 9.5% 8.3% 5.7% $(0.04) $(0.05) $(0.04) $(0.31) $(1.24) $(0.16) Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 $6.3 $5.2
Slide 9: Capital Structure and Cash Flow
Capital Structure and Cash Flow ($ in millions) Year Cash Flow Six Months Ended Capitalization Ended 7/31/25 8/3/24 1/31/25 7/31/25 4/30/25 1/31/25 Net cash provided by $ 4.6 $ 7.1 $ 4.8 Cash and cash operating activities $ 3.9 $ 5.4 $ 5.1 equivalents Capital expenditure 0.1 0.8 1.2 Net debt $ 39.6
Slide 10: Orders and Backlog
Orders and Backlog ($ in millions) PRODUCT ID Orders $35.8 $34.9 $35.9 Orders similar y/y while down sequentially reflecting $12.4 $8.7 $12.5 customer attrition and delayed launch of MTEX print solutions $26.2 $23.4 $23.4 Backlog decreased by $1.3M q/q from fulfillment of Mail & sheet/flat pack orde
Slide 11: Developing Plan for Growth
Developing Plan for Growth Driving Change – Creating Customer Centric Culture of Urgency • Driving culture change: honesty, transparency, and accelerated and engaged decision making • Centrally engaged with sales and marketing, engineering and operations • Focused on understanding customers needs, m
Slide 12: Conference Call Playback Investor Relations Contact
Conference Call Playback Replay Number: Investor Relations Contact: (412) 317-6671 | passcode: 13755475 Deborah K. Pawlowski UPCOMING EVENTS -or- Nick Hresko-Staab Telephone replay available through Phone: 716.843.3908 -or- 201.463.1884 Tuesday, September 23, 2025 Email: dpawlowski@allianceadvisors.
Slide 13: Supplemental Information
Supplemental Information 13
Slide 14: Reconciliation of GAAP to Non-GAAP
ASTRONOVA Reconciliation of GAAP to Non-GAAP Six Months Ended Three Months Ended July 31, August 3, July 31, August 3, 2025 2024 2025 2024 Revenue $ 36,102 $ 40,539 Revenue $ 73,810 $ 73,500 Gross Profit $ 11,633 $ 14,326 Gross Profit $ 24,286 $ 26,298 Inventory Step-Up - 120 Inventory Step-Up 61 12
Slide 15: Reconciliation of Net Income to Adjusted EBITDA
ASTRONOVA Reconciliation of Net Income to Adjusted EBITDA Three Months Ended Six Months Ended July 31,2025 August 3,2024 July 31,2025 August 3,2024 Net Income (Loss) $ (1,243) $ (311) Net Income (Loss) $ (1,619) $ 869 Interest Expense 885 938 Interest Expense 1,782 1,419 Income Tax Expense (Benefit)
Slide 16: Reconciliation of Segment Gross Profit to Non-GAAP Segment Gross Profit
ASTRONOVA Reconciliation of Segment Gross Profit to Non-GAAP Segment Gross Profit Three Months Ended July 31,2025 August 3,2024 Product Product ID Aerospace Total ID Aerospace Total Segment Gross Profit $ 7,677 $ 3,956 $ 11,633 $ 8,620 $ 5,706 $ 14,326 Inventory Step-Up - - - 120 - 120 Restructuring
Slide 17: Reconciliation of Segment Operating Income to Non-GAAP Segment Operating Income
ASTRONOVA Reconciliation of Segment Operating Income (Loss) to Non-GAAP Segment Operating Income Three Months Ended July 31,2025 August 3,2024 Product Product ID Aerospace Total ID Aerospace Total Segment Operating Income $ 1,916 $ 2,410 $ 4,326 $ 2,348 $ 3,834 $ 6,182 Inventory Step-Up - - - 120 -