AstroNova, Inc. (NasdaqGM:ALOT) is looking for M&A. Greg Woods, AstroNova's President and Chief Executive Officer said, "Our balance sheet remains healthy, and we began the new fiscal year on a solid financial footing. With reduced leverage metrics at year-end, we continue to pursue the M&A portion of our growth strategy and are confident we will have plenty of capacity to execute the right strategic acquisitions".
AstroNova, Inc. designs, manufactures, distributes, and services a range of products that acquire, store, analyze, and present data in multiple formats. The Company operates through two segments: Product Identification (PI) and Test & Measurement (T&M). The PI segment provides an array of digital, end-to-end product marking and identification solutions, including hardware, software, and supplies for original equipment manufacturers (OEMs), commercial printers, and brand owners. The T&M segment provides products designed for airborne printing solutions, avionics, and data acquisition. Its aerospace products include flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. Its data acquisition systems are used in research and development, flight testing, missile and rocket telemetry production monitoring, power, and maintenance applications. The Company also offers advanced digital solutions for textiles, packaging, and labeling.