AstroNova Reiterates Fiscal 2025 Outlook: Expects Organic Revenue Growth In The Mid-Single Digits And Adjusted EBITDA Margins Of 13% To 14%
Portfolio Pulse from Benzinga Newsdesk
AstroNova has reiterated its fiscal 2025 outlook, expecting mid-single digit organic revenue growth and adjusted EBITDA margins of 13% to 14%. The company has strengthened its position in the color digital printing market through the acquisition of MTEX NS and showcased its expanded product range at drupa 2024. AstroNova is also making progress in its T&M segment with key defense programs and the ToughWriter transition.
June 06, 2024 | 11:35 am
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AstroNova has reiterated its fiscal 2025 outlook, expecting mid-single digit organic revenue growth and adjusted EBITDA margins of 13% to 14%. The company has strengthened its position in the color digital printing market through the acquisition of MTEX NS and showcased its expanded product range at drupa 2024. AstroNova is also making progress in its T&M segment with key defense programs and the ToughWriter transition.
The reiteration of the fiscal 2025 outlook with positive growth expectations and improved margins is likely to boost investor confidence. The acquisition of MTEX NS and successful showcasing at drupa 2024 further strengthen AstroNova's market position, which should positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100