Novanta Q1 2025 Earnings Report
Key Takeaways
Novanta's first quarter 2025 results met or exceeded expectations, with GAAP revenue increasing 1% to $233.4 million and GAAP Net Income increasing 45% to $21.2 million. Adjusted EBITDA also saw a slight increase.
GAAP Revenue for Q1 2025 was $233.4 million, a 1.1% increase from Q1 2024.
GAAP Net Income increased by 45% to $21.2 million in Q1 2025.
Adjusted EBITDA increased by 1% to $50.0 million in Q1 2025.
GAAP Diluted EPS was $0.59 and Adjusted EPS was $0.74 for Q1 2025.
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Novanta Revenue by Segment
Forward Guidance
For the second quarter of 2025, Novanta expects GAAP revenue between $230 million and $240 million, Adjusted Gross Profit Margin of 45.5% to 46.5%, Adjusted EBITDA between $50 million and $55 million, and Adjusted Diluted EPS between $0.68 and $0.78.
Positive Outlook
- Confidence in ability to adapt to challenges and maintain strong execution.
- Focus on near-term execution, including launching new breakthrough products.
- Investing in and advancing growth strategy in markets with long-term secular growth trends.
- Utilizing the Novanta Growth System emphasizing innovation and operational excellence.
- Reiterating Full Year 2025 Adjusted EBITDA guidance.
Challenges Ahead
- Limited visibility due to rapid trade policy changes.
- Heightened uncertainty caused by global trade disruptions.
- Near-term revenue predictions challenging beyond the second quarter.
- Potential purchasing deferrals by customers due to reciprocal tariffs.
- Expectation to implement proactive cost containment actions to offset challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income