The results primarily reflected lower sales of large Trojan Label printers, obsoleted products in the Product Identification (PI) segment, the timing of two large defense orders that occurred in the fourth quarter of fiscal 2024 but are not anticipated to reoccur until the first half of the current fiscal 2026, and the longer-than-anticipated ramp up of orders following the Boeing strike.
AstroNova also expects to record a $13.4 million non-cash goodwill impairment charge related to the PI segment, largely associated with the Company's MTEX business.
