Business
Novanta Announces Financial Results for the Fourth Quarter and Full Year 2022
Full Year 2022 GAAP Revenue increased 22% to $861 million Full Year 2022 GAAP Net Income of $74 million Full Year 2022 GAAP Diluted Earnings Per Share
About this update from Novanta Inc.
[{"type":"text","content":"\n\nFull Year 2022 GAAP Revenue increased 22% to $861 million\n\n\nFull Year 2022 GAAP Net Income of $74 million\n\n\nFull Year 2022 GAAP Diluted Earnings Per Share increased 46% to $2.06\n\n\nFull Year 2022 Adjusted Earnings Per Share increased 17% to $3.07\n\n\nFull Year 2022 Adjusted EBITDA of $184 million\n\n\n BEDFORD, Mass.--(BUSINESS WIRE)--\nNovanta Inc. (Nasdaq: NOVT) (“Novanta” or the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, today reported financial results for the fourth quarter and full year 2022.\n\n\n\nFinancial Highlights\n\n\n\nThree Months Ended December 31,\n\n\n\n \n\n\n\n \n\n\n\nYear Ended December 31,\n\n\n\n \n\n\n\n\n\n(In millions, except per share amounts)\n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n\n\nGAAP\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nRevenue\n\n\n\n$\n\n\n\n218.4\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n199.0\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n860.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n706.8\n\n\n\n \n\n\n\n\n\nOperating Income\n\n\n\n$\n\n\n\n26.8\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n21.7\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n103.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n64.1\n\n\n\n \n\n\n\n\n\nNet Income\n\n\n\n$\n\n\n\n15.3\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n13.8\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n74.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n50.3\n\n\n\n \n\n\n\n\n\nDiluted EPS\n\n\n\n$\n\n\n\n0.42\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.38\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n2.06\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.41\n\n\n\n \n\n\n\n\n\nNon-GAAP*\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted Operating Income\n\n\n\n$\n\n\n\n37.3\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n33.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n147.5\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n116.9\n\n\n\n \n\n\n\n\n\nAdjusted Diluted EPS\n\n\n\n$\n\n\n\n0.75\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.67\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n3.07\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n2.62\n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n\n$\n\n\n\n46.1\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n42.6\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n184.1\n\n\n\n \n\n\n\n \n\n\n\...