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Mar 29, 2024
Novanta Q1 2024 Earnings Report
Novanta reported first quarter results, exceeding expectations for sales, profit, and cash flow.
Key Takeaways
Novanta's first quarter 2024 results showed revenue of $231 million, adjusted gross margin of 46.3%, adjusted EBITDA of $50 million, and a significant increase in operating cash flow year-over-year. The company is pleased with the integration of the Motion Solutions acquisition.
GAAP Revenue was $231 million.
GAAP Net Income was $15 million.
GAAP Diluted Earnings Per Share was $0.41.
Adjusted Earnings Per Share was $0.74.
Revenue by Segment
Forward Guidance
For the second quarter of 2024, the Company expects GAAP revenue of approximately $230 million to $235 million. The Company expects Adjusted Gross Profit Margin to be approximately 46.0% to 46.3%. The Company expects Adjusted EBITDA to be in the range of $48 million to $50 million and Adjusted Diluted EPS to be in the range of $0.68 to $0.74.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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