Astronova, Inc. · NASDAQ:ALOT
Astronova — Q3 2026 Earnings Presentation
17 slides from Astronova's earnings presentation, Dec 10, 2025
Slide 1: Third Quarter FY2026 Financial Results
Third Quarter FY2026 Jorik Ittmann, President and CEO Tom DeByle, Chief Financial Officer Financial Results Leading Innovator in Specialized Print Technology Solutions December 10, 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 presentation 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: Leadership in Place, Execution Underway: Priorities and Progress Update
Leadership in Place, Execution Underway: Priorities and Progress Update Refocusing Product ID on Customers and Execution Leveraging Aerospace Market Leadership to Drive Performance Strengthening Culture and Organization Alignment Executing the Plan and Rebuilding Trust Through Results AstroNova 3
Slide 4: Revenue
Revenue ($ in millions) QUARTERS Product ID Q3FY26 sales up 8.5% Q/Q $40.4 $39.2 • Mail & Sheet up 14% sequentially and 16% y/y as productivity $36.1 improvements supported higher shipments levels $14.1 $11.3 $12.3 • Legacy desktop label printers up 4.6% and 6.1%, y/y and sequentially, respectively
Slide 5: Gross Profit and Margin
Gross Profit and Margin ($ in millions) Gross Profit and Margin QUARTERS FIRST NINE MONTHS $40.0 $38.5 $13.7 $14.2 $11.6 Y/Y gross profit grew 3.7% and gross 33.9% 32.2% 36.2% 35.1% 34.1% margin expanded 230 bps despite lower YTD 2025 YTD 2026 Q3 2025 Q2 2026 Q3 2026 revenue on improved mix Adj. Gro
Slide 6: Product ID Financial Results
Product ID Financial Results ($ in millions) Segment Operating Income and Margin QUARTERS FIRST NINE MONTHS $7.2 $6.6 Operating income unchanged y/y and q/q as $1.9 $1.9 $1.9 cost reductions offset inventory adjustment 7.1% 7.7% 7.0% 9.4% 8.5% and goodwill charges YTD 2025 YTD 2026 Q3 2025 Q2 2026 Q
Slide 7: Aerospace Financial Results
Aerospace Financial Results ($ in millions) Segment Operating Income and Margin QUARTERS FIRST NINE MONTHS Sequential operating profit and margin $9.7 increase driven by stronger OEM activity and $8.8 $4.5 improved ToughWriter mix $3.3 $2.4 23.6% 27.7% Y/y operating profit benefited in part from an
Slide 8: EPS and Adj. EBITDA
EPS and Adj. EBITDA ($ in millions, except per share data) Net Earnings (Loss) and Adjusted EBITDA/ EPS and Adjusted EPS1 Adjusted EBITDA Margin 1 $4.2 $3.2 $0.20 $2.1 $0.24 $0.38 10.7% $0.03 $0.06 $0.05 8.0% 5.7% $(0.04) $(1.24) $(0.16) Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 $9.5 $9.4 $0.3
Slide 9: Capital Structure and Cash Flow
Capital Structure and Cash Flow ($ in millions) Year Cash Flow Nine Months Ended Capitalization Ended 10/31/25 11/2/24 1/31/25 10/31/25 7/31/25 1/31/25 Net cash provided by $ 8.1 $ 2.3 $ 4.8 Cash and cash operating activities $ 3.6 $ 3.9 $ 5.1 equivalents Capital expenditure 0.2 1.1 1.2 Total debt $
Slide 10: Orders and Backlog
Orders and Backlog ($ in millions) PRODUCT ID Orders $37.6 $35.9 $35.9 Orders declined $4.3M y/y due to delays in renewing $10.8 blanket orders, which are expected to return in Q4 $12.5 $13.4 FY26 $26.8 $23.4 $22.5 Backlog decreased by $4.4M q/q reflecting operational improvements that yielded highe
Slide 11: Plan for Growth
Plan for Growth Driving Change – Focused Resources in Sales & Marketing | Strengthening Operational Execution • Driving culture change: honesty, transparency, and accelerated and engaged decision making • Executive leadership deeply engaged with team and customers; leveraging commercial print indust
Slide 12: Conference Call Playback
Conference Call Playback Replay Number: Investor Relations Contact: (412) 317-6671 | passcode: 13756179 Deborah K. Pawlowski UPCOMING EVENTS Telephone replay available through Phone: 716.843.3908 Wednesday, December 24, 2025 Email: dpawlowski@allianceadvisors.com Webcast / Presentation / Webcast Rep
Slide 13: Supplemental Information
Supplemental Information 13
Slide 14: Reconciliation of GAAP to Non-GAAP
ASTRONOVA Reconciliation of GAAP to Non-GAAP Three Months Ended Nine Months Ended October 31, November 2, October 31, November 2, 2025 2024 2025 2024 Revenue $ 112,979 $ 113,922 Revenue $ 39,169 $ 40,422 Gross Profit $ 38,483 $ 40,013 Gross Profit $ 14,197 $ 13,714 Inventory Step-Up 61 154 Inventory
Slide 15: Reconciliation of Net Income to Adjusted EBITDA
ASTRONOVA Reconciliation of Net Income to Adjusted EBITDA Three Months Ended Nine Months Ended October 31, 2025 November 2, 2024 October 31, 2025 November 2, 2024 Net Income $ 378 $ 240 Net Income (Loss) $ (1,242) $ 1,110 Interest Expense 827 944 Interest Expense 2,609 2,363 Income Tax Expense (Bene
Slide 16: Reconciliation of Segment Gross Profit
ASTRONOVA Reconciliation of Segment Gross Profit to Non-GAAP Segment Gross Profit Three Months Ended October 31, 2025 November 2, 2024 Product Product ID Aerospace Total ID Aerospace Total Segment Gross Profit $ 7,806 $ 6,391 $ 14,197 $ 8,407 $ 5,307 $ 13,714 Inventory Step-Up - - - 34 - 34 Inventor
Slide 17: Reconciliation of Segment Operating Income
ASTRONOVA Reconciliation of Segment Operating Income (Loss) to Non-GAAP Segment Operating Income Three Months Ended October 31, 2025 November 2, 2024 Product Product ID Aerospace Total ID Aerospace Total Segment Operating Income $ 1,878 $ 4,531 $ 6,409 $ 1,868 $ 3,251 $ 5,119 Inventory Step-Up - - -