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Jul 03, 2020
Novanta Q2 2020 Earnings Report
Reported financial results for the second quarter of 2020.
Key Takeaways
Novanta Inc. reported GAAP revenue of $144.7 million for the second quarter of 2020, a decrease of 6.7% compared to the second quarter of 2019. GAAP net income was $11.7 million, and diluted EPS was $0.33. Adjusted EBITDA was $30.8 million, and operating cash flow was $33.8 million.
GAAP Revenue of $145 million
GAAP Net Income of $12 million
GAAP Diluted Earnings Per Share of $0.33
Adjusted EBITDA of $31 million
Forward Guidance
For the third quarter of 2020, the Company expects GAAP revenue of approximately $135 million to $142 million, and Adjusted EBITDA in the range of $25 million to $29 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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