AstroNova (ALOT) Reports Q2 EPS of $0.17 on Revenues of $33.8M

AstroNova (NASDAQ: ALOT) reported Q2 EPS of $0.17. Revenue for the quarter came in at $33.8 million.

• Revenue of $33.8 million, up 23 percent
• Operating income of $2.2 million, up 130 percent
• Operating margin of 6.4 percent, up 300 basis points
• Diluted EPS of $0.17 per share, up 55 percent
• Bookings of $35.8 million, up 29 percent
• Backlog of $24.5 million at July 28, 2018, up 30 percent

“Our strong second-quarter performance was highlighted by record sales and improved operating expense leverage that helped to generate significant increases in operating income and earnings per share,” said President and CEO Greg Woods. “Our Test & Measurement segment led the way, with top-line growth of more than 80 percent helped by contributions from the Honeywell product printer line in our Aerospace business unit and new ToughWriter contracts.

“Revenue in the Product Identification segment was up approximately 5 percent from the second quarter of last year, with contributions from both our tabletop and commercial printing product lines,” Woods said.

Outlook

“With solid order momentum and a strong backlog heading into the third quarter of fiscal 2019, we are positioned for continued growth,” Woods said. “We expect the second half of the fiscal year to outperform the first half, with gains in both Product Identification and Test & Measurement.”

For earnings history and earnings-related data on AstroNova (ALOT) click here.

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Jernigan Capital (JCAP) Tops Q2 EPS by 5c
• Instil Bio Inc. (TIL) Misses Q2 EPS by 21c