AstroNova, Inc. announced the implementation of a realignment of its Product Identification (?PI?) segment. The realignment is designed to streamline the cost structure and enhance the operational efficiencies of the segment to capitalize on the synergies of the Company?s Astro Machine, Inc. subsidiary, which was acquired in August 2022. As part of the realignment, AstroNova will transition more PI printer manufacturing from both Asia and its West Warwick, Rhode Island plant to the Astro Machine facility in Elk Grove Village, Illinois.

In addition, AstroNova will exit certain older, lower-margin or low volume PI products to focus on expanding the sales of higher margin product lines with more advanced functionality and greater demand. Related initiatives include consolidation of international PI sales and distribution facilities and streamlining of AstroNova?s channel partner network, as well as acceleration of the ongoing printer retrofit program to restore printers sidelined due to a supplier?s ink quality issue.