Business
Novanta Announces Financial Results for the First Quarter 2025
First Quarter 2025 GAAP Revenue increased 1% to $233 million First Quarter 2025 GAAP Diluted Earnings Per Share of $0.59 and Adjusted EPS of $0.74 First
About this update from Novanta Inc.
[{"type":"text","content":"\n\nFirst Quarter 2025 GAAP Revenue increased 1% to $233 million\n\n\nFirst Quarter 2025 GAAP Diluted Earnings Per Share of $0.59 and Adjusted EPS of $0.74\n\n\nFirst Quarter 2025 GAAP Net Income increased 45% to $21 million\n\n\nFirst Quarter 2025 Adjusted EBITDA increased 1% to $50 million\n\n\nFirst Quarter 2025 Operating Cash Flow of $32 million\n\n\nCompany reiterates Full Year 2025 Adjusted EBITDA guidance\n\n\n BOSTON--(BUSINESS WIRE)--\nNovanta Inc. (Nasdaq: NOVT) (“Novanta” or the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, today reported financial results for the first quarter 2025.\n\n\n\nFinancial Highlights\n\n\n\nThree Months Ended\n\n\n\n \n\n\n\n\n\n(In millions, except per share amounts)\n\n\n\nMarch 28,\n\n\n\n \n\n\n\n \n\n\n\nMarch 29,\n\n\n\n \n\n\n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n\n\nGAAP\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nRevenue\n\n\n\n$\n\n\n\n233.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n230.9\n\n\n\n \n\n\n\n\n\nOperating Income\n\n\n\n$\n\n\n\n32.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n25.6\n\n\n\n \n\n\n\n\n\nNet Income\n\n\n\n$\n\n\n\n21.2\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n14.7\n\n\n\n \n\n\n\n\n\nDiluted EPS\n\n\n\n$\n\n\n\n0.59\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.41\n\n\n\n \n\n\n\n\n\nNon-GAAP*\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted Operating Income\n\n\n\n$\n\n\n\n39.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n40.1\n\n\n\n \n\n\n\n\n\nAdjusted Diluted EPS\n\n\n\n$\n\n\n\n0.74\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.74\n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n\n$\n\n\n\n50.0\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n49.7\n\n\n\n \n\n\n\n\n\n*Reconciliations of GAAP to non-GAAP financial measures, as well as definitions for the non-GAAP financial measures included in this press release and the reasons for their use, are presented below.\n\n\n\n\n“I am proud to report that the Novanta team generated solid results in the first quarter that met or exceeded expectations, against the backdrop of a highly dynamic macroeconomic environment,” said Matthijs Glastra, Chair and Chief Executive of Novanta. “Our diversified and resilient portfolio, strong balance sheet, and an execution-focused culture positions us well and enables us to navigate these uncertainties while capitalizing on growth opportunit...