Summary
AstroNova to Be Taken Private by PE Firm in $272 Million Deal
The deal is the second take-private transaction that Nashville, Tennessee-based Arcline Investment Management has announced in the past few weeks.
AstroNova Swings to Q1 Earnings on Aerospace Unit Strength
AstroNova reports earnings per share in Q1 as Aerospace unit sales surge, margins expand, and backlog climbs, while the Product ID segment improves earnings despite slightly lower revenues.
AstroNova Q1: The Cross Over To Financial Stability Is Here
AstroNova Inc. has achieved a sustainable turnaround, anchored by Aerospace segment strength and operational restructuring, supporting a reiterated Buy rating. Just released Q1 FY27 results show Aerospace revenue surged 16.3% YoY, with commercial hardware sales up 46% and a 147% book-to-bill ratio, driving margin expansion. PID segment stabilized, with 82% of sales from high-margin recurring consumables, and legacy integration issues now resolved.
Astronova Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Juniper Investment Company Juniper Investment Company LLC | 535,203 | $7.36M | $15.28M | $7.92M | 107.63% |
 Christopher C. Powers Farther Finance Advisors, LLC | 600 | $5,190 | $17,172 | $11,982 | 230.87% |
| PLC Peapod Lane Capital LLC Peapod Lane Capital LLC | 130,978 | $1.53M | $3.75M | $2.21M | 144.49% |
| WM William Mueller Mink Brook Asset Management LLC | 380,965 | $4.57M | $10.89M | $6.32M | 138.27% |
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Astronova Inc. Profile
| Technology Hardware, Storage & Peripherals Industry | Information Technology Sector | Jorik E. Ittmann CEO | NASDAQ (NMS) Exchange | 04638F108 CUSIP |
| US Country | 398 Employees | 2 Apr 2020 Last Dividend | 3 Jul 2006 Last Split | 7 Sep 1984 IPO Date |
Overview
AstroNova, Inc., originally named Astro-Med, Inc. until rebranding in May 2016, has established itself as a key player in developing, manufacturing, and distributing specialty printing solutions and data acquisition and analysis systems. With its corporate headquarters in West Warwick, Rhode Island, the company commands a global presence, delivering its products and services across the United States, Europe, Asia, Canada, Central and South America, among other regions. AstroNova operates through two main segments: Product Identification (PI) and Test & Measurement (T&M), serving a diverse range of industries including aerospace, defense, automotive, energy, and various manufacturing sectors.
Products and Services
- Product Identification (PI)
This segment caters to various industries with a suite of products that include digital color label printers and OEM printing systems under the QuickLabel brand, digital color label mini-presses, and inline printing systems under the TrojanLabel brand. Additionally, it provides label and tags material, inks, toners, and thermal transfer materials under the GetLabels brand. Specialized software programs developed and licensed by AstroNova support the design and management of labels and print images, supplemented with training and support services. The PI segment's focus on chemicals, cosmetics, food and beverage, medical products, nutraceuticals, pharmaceuticals, and other industries alongside brand owners, label converters, commercial printers, and packaging manufacturers, underlines its comprehensive approach to product identification solutions.
- Test & Measurement (T&M)
AstroNova's T&M segment offers a variety of products designed for data acquisition and analysis, crucial for aerospace and defense, automotive, commercial airline, energy, manufacturing, and transportation industries. Products include the ToughWriter, an airborne printer for hard copies of essential navigation and flight information; ToughSwitch ethernet switches for connecting computers or Ethernet devices; TMX data acquisition systems; Daxus DXS-100 distributed data acquisition platform; SmartCorder DDX100 portable data acquisition systems for facility and field testing; and Everest EV-5000, a digital strip chart recording system. These offerings underscore AstroNova's commitment to providing advanced, reliable solutions for testing and measurement applications across a broad spectrum of industries.
