Novanta Q4 2020 Earnings Report
Key Takeaways
Novanta's Q4 2020 revenue reached $147.5 million, a 7.6% decrease year-over-year, but customer orders increased sequentially by 26%. The company expanded Adjusted EBITDA Margins and achieved record cash flows.
GAAP revenue was $147.5 million, a decrease of 7.6% compared to Q4 2019.
GAAP operating income was $17.1 million, compared to $13.0 million in Q4 2019.
Adjusted EBITDA was $32.4 million, compared to $30.5 million in Q4 2019.
Operating cash flow was $46.6 million, compared to $35.4 million in Q4 2019.
Novanta
Novanta
Novanta Revenue by Segment
Forward Guidance
For the first quarter of 2021, the Company expects GAAP revenue of approximately $155 million to $157 million. The Company expects Adjusted EBITDA to be in the range of $27 million to $29 million and Adjusted Diluted EPS to be in the range of $0.35 to $0.39.
Positive Outlook
- Expects GAAP revenue of approximately $155 million to $157 million for Q1 2021.
- Expects Adjusted EBITDA to be in the range of $27 million to $29 million for Q1 2021.
- Expects Adjusted Diluted EPS to be in the range of $0.35 to $0.39 for Q1 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income