Business
Novanta Announces Financial Results for the Fourth Quarter and Full Year 2024
Fourth Quarter 2024 GAAP Revenue increased 13% to $238 million, including $2 million unfavorable FX impact Fourth Quarter 2024 GAAP Diluted EPS of $0.46 and
About this update from Novanta Inc.
[{"type":"text","content":"\n\nFourth Quarter 2024 GAAP Revenue increased 13% to $238 million, including $2 million unfavorable FX impact\n\n\n\nFourth Quarter 2024 GAAP Diluted EPS of $0.46 and Adjusted EPS of $0.76\n\n\n\nFull Year 2024 GAAP Revenue increased 8% to $949 million\n\n\n\nFull Year 2024 GAAP Diluted EPS of $1.77, and Adjusted EPS of $3.08\n\n\n\nFull Year 2024 Adjusted EBITDA increased 7% to $210 million\n\n\n\nFull Year 2024 Operating Cash Flow increased 32% to $159 million\n\n\n\n BEDFORD, Mass.--(BUSINESS WIRE)--\nNovanta Inc. (Nasdaq: NOVT) (“Novanta” or the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, today reported financial results for the fourth quarter and full year 2024.\n\n\n\n\nFinancial Highlights\n\n\n\n\n\n\n\nThree Months Ended\n\n\n\n\nDecember 31,\n\n\n\n\n\n\n \n\n\n\n\n\n\nYear Ended\n\n\n\n\nDecember 31,\n\n\n\n\n\n\n\n\n(In millions, except per share amounts)\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nGAAP\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n238.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n211.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n949.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n881.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nOperating Income\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n26.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n21.7\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n110.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n110.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNet Income\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n16.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n12.5\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n64.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n72.9\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nDiluted EPS\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.46\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.35\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1.77\n\n\...