Business
Novanta Announces Financial Results for the Fourth Quarter and Full Year 2021
Full Year 2021 GAAP Revenue of $707 million Full Year 2021 GAAP Net Income of $50 million Full Year 2021 GAAP Diluted Earnings Per Share of $1.41 Full Year
About this update from Novanta Inc.
[{"type":"text","content":"\n\nFull Year 2021 GAAP Revenue of $707 million\n\n\nFull Year 2021 GAAP Net Income of $50 million\n\n\nFull Year 2021 GAAP Diluted Earnings Per Share of $1.41\n\n\nFull Year 2021 Adjusted Earnings Per Share of $2.62\n\n\nFull Year 2021 Adjusted EBITDA of $153 million\n\n\n BEDFORD, Mass.--(BUSINESS WIRE)--\nNovanta Inc. (Nasdaq: NOVT) (“Novanta” or the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, today reported financial results for the fourth quarter and full year 2021.\n\n\n\nFinancial Highlights\n\n\n\nThree Months Ended December 31,\n\n\n\n \n\n\n\n \n\n\n\nYear Ended December 31,\n\n\n\n \n\n\n\n\n\n(In millions, except per share amounts)\n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n\n\nGAAP\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nRevenue\n\n\n\n$\n\n\n\n199.0\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n147.5\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n706.8\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n590.6\n\n\n\n \n\n\n\n\n\nOperating Income\n\n\n\n$\n\n\n\n21.7\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n17.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n64.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n55.9\n\n\n\n \n\n\n\n\n\nNet Income\n\n\n\n$\n\n\n\n13.8\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n12.7\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n50.3\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n44.5\n\n\n\n \n\n\n\n\n\nDiluted EPS\n\n\n\n$\n\n\n\n0.38\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.35\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.41\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.25\n\n\n\n \n\n\n\n\n\nNon-GAAP*\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted Operating Income\n\n\n\n$\n\n\n\n33.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n22.0\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n116.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n85.3\n\n\n\n \n\n\n\n\n\nAdjusted Diluted EPS\n\n\n\n$\n\n\n\n0.67\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.53\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n2.62\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.95\n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n\n$\n\n\n\n42.6\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n32.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n152.7\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n121.0\n\n\n\n \n\n\n\n\n*Reconcili...