AstroNova, Inc. (NASDAQ:ALOT) Q1 2024 Earnings Call Transcript

George Melas: Okay. Okay. Great. That’s helpful. And then just a final quick question for David. David, the G&A line, do you expect some leverage on that G&A line in the future as the business grows? I mean, as — basically as a percentage of revenues, you see G&A as a percentage of revenue coming down?

David Smith: Yes. That’s the goal. It makes sense that, that will happen. We haven’t talked about specific percentages from a guidance standpoint. But certainly, it would make sense that, that would happen, and that’s our goal. I think we’re — I think that’s what will happen.

George Melas: Okay. And is there a particular number you can give about the ERP implementation costs in the quarter?

David Smith: Most of the implementation costs are in the rearview mirror. We are spending some capital on implementation at Astro Machine. We’ll spend some more work on capital in the European convergence with the global system. But those numbers are in my overall guidance for capital spending this year. So it’s — they’re not huge.

Operator: There are no more questions on the line. So I’ll now hand back to Mr. Woods for any closing remarks.

Gregory Woods: Great. Thanks a lot. So thanks, everyone, for joining us here this morning. We look forward to keeping you updated on our progress in the future. Have a good day.

Operator: That concludes today’s conference call. Thank you, everyone, for joining. You may now disconnect your lines. Have a lovely rest of your day.