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AstroNova, Inc. (NASDAQ:ALOT), a leading innovator in data visualization technology, announced today that Darius G. Nevin, a member of the AstroNova Board of Directors, has been appointed as Interim President and Chief Executive Officer, effective June 29, 2025. The Board will initiate a search for a successor to former President and Chief Executive Officer, Gregory A. Woods, who resigned from the role. The search will evaluate both internal and external candidates. Richard S. Warzala, Lead Independent Director of AstroNova, stated, "These actions reflect an acceleration of our succession plans, and we are fortunate to have had Darius recently join the Board and to step into this interim
AstroNova's Board made a good faith effort to come to a collaborative, amicable solution to end the ill-advised, misguided proxy contest that Samir Patel and Askeladden insist on perpetuating despite their claims to the contrary Samir Patel violated the agreement that the content of the conversations between himself and AstroNova's Lead Independent Director were confidential Samir Patel failed to offer any proposal of settlement Samir Patel exposed his lack of understanding regarding corporate governance AstroNova, Inc. (NASDAQ:ALOT), a leading innovator in data visualization technology, noted the total failure on Samir Patel's and Askeladden's part to participate in efforts to come
AstroNova's Board remains committed to delivering shareholder value; believes current strategy will drive growth, profitability and long-term value AstroNova's Board shares many of Samir Patel's concerns; the Board and management began actively addressing many of these issues long before Samir commenced his proxy contest AstroNova's Board believes a reasonable settlement is best for shareholders and attempted a collaborative and amicable approach to resolve an ill-advised proxy contest that proposes a takeover of the Company without a takeover premium to shareholders Samir Patel today wholeheartedly rejected our effort to find a collaborative solution as he had suggested he was open t
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DEFA14A - AstroNova, Inc. (0000008146) (Filer)
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Seasoned financial executive with experience in financial strategy, international expansion and M&A Former CFO David Smith has retired AstroNova, Inc. (NASDAQ:ALOT), a global leader in data visualization technologies, today announced the appointment of Thomas DeByle as the Company's new chief financial officer, replacing David S. Smith, who has retired. Mr. DeByle is an experienced public company chief financial officer with deep financial acumen, as well as significant experience in financial strategy, international expansion and M&A. "We are thrilled to welcome Tom to AstroNova as we focus on profitably growing our company for the long term," said Greg Woods, President and Chief Exe
Revenue grew 14.4% year-over-year to $37.7 million, driven by 16.8% growth in Aerospace and 13.4% growth in Product Identification Executed on $1.9 million of annualized cost savings in first quarter as part of restructuring plan; expect to complete previously announced $3 million in annualized cost reductions in second quarter of fiscal 2026 Operating income was $0.6 million vs $1.3 million in prior year; Non-GAAP operating income1 of $1.5 million increased 13.5% over prior-year period Launched three innovative next-generation printing solutions in Product Identification while capturing renewed $10 million multi-year defense contract for Aerospace Reaffirms fiscal 2026 revenue
AstroNova, Inc. (NASDAQ:ALOT), a leading innovator in data visualization technology, announced it will release its first quarter fiscal year 2026 financial results before the opening of financial markets on Thursday, June 5, 2025. The Company will conduct a conference call and webcast, hosted by Greg Woods, President and Chief Executive Officer, and Tom DeByle, Vice President, Chief Financial Officer & Treasurer, that day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. First Quarter Fiscal Year 2026 Conference Call Date: Thursday, June 5, 2025 Time: 9:00 a.m. Eastern Time Phone: (201)
Fourth quarter revenue of $37.4 million in line with preliminary expectations; fiscal 2025 revenue of $151.3 million comprised of 71% recurring revenue Restructuring plan expected to deliver $3 million in annualized savings with 40% to be realized in fiscal 2026 Simplifying product portfolio; focused on higher growth higher margin products Aerospace Test & Measurement segment ToughWriter printer transition 40% complete; drives operational efficiency and reduced working capital requirements while eliminating legacy royalties AstroNova, Inc. (NASDAQ:ALOT), a global leader in data visualization technologies, today announced financial results for its fiscal 2025 fourth quarter and full
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