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Novanta Inc

NOVT

Equity

ISIN CA67000B1040 / Valor 32582414

NASDAQ (2025-03-14)
USD 136.07+1.19%

Novanta Inc
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About company

Novanta Inc is a prominent global provider of core technology solutions for medical and advanced industrial original equipment manufacturers, offering a competitive edge through precision medicine, manufacturing, medical solutions, and robotics and automation. With a focus on solving intricate technical challenges, Novanta engineers core components and sub-systems that deliver exceptional precision and performance for customers' specific applications. The company's growth is driven by a team of forward-thinking professionals dedicated to innovation and customer satisfaction.

Summarized from source with an LLMView SourceSector: Technology

Latest Results (25.12.2024):

Revenue Growth

In the third quarter of 2024, Novanta Inc. reported GAAP revenue of $244.4 million, marking a 10.3% increase compared to the same quarter in 2023. This growth was primarily driven by acquisition activities, which contributed an additional $21.1 million to the revenue, and favorable changes in foreign currency exchange rates, which added $1.8 million.

Net Income and Earnings

Novanta Inc.'s GAAP net income for the third quarter of 2024 was $19.2 million, a decrease from $21.2 million in the third quarter of 2023. The GAAP diluted earnings per share (EPS) also saw a decline, coming in at $0.53 compared to $0.59 in the previous year. However, the adjusted diluted EPS remained stable at $0.85 for both years.

Operating Income and EBITDA

The company's GAAP operating income for the third quarter of 2024 was $32.6 million, up from $30.3 million in the same period of 2023. Novanta Inc. also reported an adjusted EBITDA of $57.0 million, showing an increase from $52.2 million in the third quarter of the previous year, indicating improved operational efficiency.

Cash Flow

Operating cash flow for Novanta Inc. in the third quarter of 2024 was $23.0 million, a significant decrease from $44.6 million in the third quarter of 2023. This reduction in cash flow may reflect changes in working capital or other operational adjustments during the period.

Future Outlook

Looking ahead, Novanta Inc. anticipates GAAP revenue for the fourth quarter of 2024 to be between $237 million and $242 million. The company expects an adjusted gross profit margin of approximately 46.0% and adjusted EBITDA in the range of $50 million to $52 million, with adjusted diluted EPS projected to be between $0.70 and $0.74, indicating a cautious yet optimistic outlook for the remainder of the year.

Summarized from source with an LLMView Source

Key figures

-20.3%1Y
9.96%3Y
63.1%5Y

Performance

33.1%1Y
37.0%3Y
39.6%5Y

Volatility

Market cap

5558 M

Market cap (USD)

Daily traded volume (Shares)

186,492

Daily traded volume (Shares)

1 day high/low

153.17 / 150.8

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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