Novanta

Novanta, Inc. engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products. The Vision segment offers a range of medical grade technologies, including medical insufflators, pumps and related disposables, surgical displays and operating room integration technologies, optical data collection and machine vision technologies, radio frequency identification technologies, thermal printers, spectrometry technologies, and embedded touch screen solutions. The Precision Motion segment includes optical encoders, precision motor and motion control technology, air bearing spindles, and precision machined components to customers. The company was founded in 1968 and is headquartered in Bedford, MA.

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Novanta achieves record-breaking 2022 results, eyes growth opportunities

Novanta's strong financial performance in 2022, driven by record sales and profitability, positions the company for continued success.
While facing challenges such as margin pressures and operational disruptions, Novanta's strategic strengths in medical markets and growth opportunities in new product development pave the way for future growth.
With a focus on efficiency, innovation, and market diversification, Novanta is poised to capitalize on growth prospects in 2023 and beyond.
Overall, Novanta's robust performance, strategic initiatives, and financial stability underscore its resilience and potential for sustained growth in the coming years.

Novanta excels in Q1 with strong medical market growth

Novanta's Q1 performance showcased robust revenue growth, particularly in medical markets and North America. The company's strategic focus on new products and margin expansion positions it well for future success despite challenges in certain regions and segments.

Novanta excels in Q2 2023, eyes growth amid market challenges

Novanta's Q2 performance was robust, driven by strong sales in medical markets and strategic growth initiatives.
Challenges include declines in microelectronics and China market, but opportunities lie in new product launches and recovery expectations.
The company's focus on innovation, backlog reduction, and margin expansion positions it well for future growth.
Overall, Novanta exceeded expectations for margins and profits, with a positive outlook for 2024.

Novanta reports solid Q3 performance, eyes new product supercycle

Novanta delivered a strong Q3 performance, exceeding expectations in margins, profit, and cash flow.
The company remains confident in its long-term outlook, focusing on innovation and upcoming product launches.
Despite short-term challenges, Novanta is committed to executing its growth strategy and expanding gross margins.

Novanta reports record revenue in 2023, eyes growth in medical markets

Novanta delivered a solid performance in 2023, achieving record revenue, gross margin expansion, and profit despite market challenges.
The company's focus on new product launches, intelligent subsystems, and growth in medical solutions segment positions it for continued success in 2024.
Challenges from the macroeconomic environment and product ramp downs need to be addressed to ensure sustained growth and profitability.
Opportunities from acquisitions, new product launches, and revenue streams in medical markets offer avenues for future growth and cash flow.

Novanta reports solid Q2 performance, eyes growth through new products

Novanta's Q2 2024 earnings call showcased strong financial performance and strategic priorities for growth.
While facing challenges in certain markets, the company's focus on new products and margin expansion bodes well for the future.
Analysts are keen on revenue drivers, margin expansion, and segment performance as key areas of interest.

Novanta reports solid Q3 earnings, eyes growth amidst short-term challenges

Novanta's Q3 2024 performance reflects steady revenue growth and improved profitability, supported by strong bookings and new product revenue confirmations.
While facing short-term challenges in Q4 2024, the company remains optimistic about robust business growth in 2025, emphasizing new product launches and margin expansion.
Guidance for Q4 2024 and full year 2024 indicates a strategic focus on organic growth, margin improvement, and acquisitions to drive long-term value creation.

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Novanta Inc. (NASDAQ:NOVT ) Q4 2022 Results Conference Call March 1, 2023 10:00 AM ET Company Participants Ray Nash - Corporate Finance Leader Matthijs Glastra - Chair and Chief Executive Officer Robert Buckley - Chief Financial Officer Conference Call Participants Lee Jagoda - CJS Securities Brian Drab - William Blair Joseph Donahue - Baird Operator Good morning. My name is Keith, and I will be your conference operator today.

Novanta Inc. (NOVT) Q4 2022 Earnings Call Transcript

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta 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. Financial Highlights Three Months Ended December 31,     Year Ended December 31,   (In millions, except per share amounts) 2022     2021     2022     2021   GAAP                               Revenue $ 218.4     $ 199.0     $ 860.9     $ 706.

Novanta Announces Financial Results for the Fourth Quarter and Full Year 2022

BEDFORD, Mass.--( BUSINESS WIRE )--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, will release its fourth quarter and full year 2022 results on Wednesday, March 1, 2023.

Novanta Inc. Schedules Earnings Release and Conference Call for Wednesday, March 1, 2023

BEDFORD, Mass.--( BUSINESS WIRE )--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Robert Buckley, Chief Financial Officer, and Chuck Ravetto, Group President, are scheduled to present at the CJS Securities 23rd Annual New Ideas for the New Year Investor Conference on Wednesday, January 11, 2023, which is being held virtually.

Novanta to Present at the CJS Securities 23rd Annual New Ideas for the New Year Investor Conference on Wednesday, January 11, 2023

BEDFORD, Mass.--( BUSINESS WIRE )--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Matthijs Glastra, Chair & Chief Executive Officer, and Robert Buckley, Chief Financial Officer, are scheduled to present at the J.P. Morgan Healthcare Conference, which is being held in person, in San Francisco, California on Tuesday, January 10, 2023.

Novanta to Present at the J.P. Morgan Healthcare Conference on Tuesday, January 10, 2023

Novanta, Inc. (NASDAQ:NOVT ) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants Ray Nash - Corporate Finance Leader Matthijs Glastra - Chair and Chief Executive Officer Robert Buckley - Chief Financial Officer Conference Call Participants Lee Jagoda - CJS Securities Brian Drab - William Blair Andrew Buscaglia - Berenberg Robert Mason - Robert W. Baird Operator Good morning.

Novanta, Inc. (NOVT) Q3 2022 Earnings Call Transcript

Novanta (NOVT) delivered earnings and revenue surprises of 10.96% and 3.70%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Novanta (NOVT) Surpasses Q3 Earnings and Revenue Estimates

Novanta Announces Financial Results for the Third Quarter 2022

Novanta to Present at the Baird 2022 Global Industrial Conference on Wednesday, November 9, 2022

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, will release its third quarter 2022 results on Tuesday, November 8, 2022. The Company will host a conference call on Tuesday, November 8, 2022, at 10:00 a.m. ET to discuss these results. To access the call, please dial (888) 346-3959 before the scheduled conference call time. Alternatively, the conference call can be accessed onli

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, November 8, 2022

Novanta Inc. (NASDAQ:NOVT ) Q2 2022 Results Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Ray Nash - Corporate Finance Leader Matthijs Glastra - Chair and Chief Executive Officer Robert Buckley - Chief Financial Officer Conference Call Participants Lee Jagoda - CJS Securities, Inc. Brian Drab - William Blair Robert Mason - Robert W. Baird Andrew Buscaglia - Berenberg Capital Markets Operator Good morning.

Novanta Inc. (NOVT) CEO Matthijs Glastra on Q2 2022 Results - Earnings Call Transcript

Novanta (NOVT) delivered earnings and revenue surprises of 8.33% and 3.19%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Novanta (NOVT) Q2 Earnings and Revenues Beat Estimates

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, today reported financial results for the second quarter 2022. Financial Highlights Three Months Ended (In millions, except per share amounts) July 1,     July 2,   2022     2021 GAAP             Revenue $ 215.4     $ 167.5 Operating Income $ 23.3     $ 16.0 Consolidated Net Income $ 17.5     $ 11.7 Diluted EPS $ 0.49     $ 0.33 No

Novanta Announces Financial Results for the Second Quarter 2022

Novanta (NOVT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Novanta (NOVT) Moves 9.6% Higher: Will This Strength Last?

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, will release its second quarter 2022 results on Tuesday, August 9, 2022. The Company will host a conference call on Tuesday, August 9, 2022, at 10:00 a.m. ET to discuss these results. To access the call, please dial (888) 346-3959 before the scheduled conference call time. Alternatively, the conference call can be accessed online

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, August 9, 2022

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Matthijs Glastra, Chair & Chief Executive Officer, and Robert Buckley, Chief Financial Officer, are scheduled to present at the CJS Securities 22nd Annual “New Ideas” Summer Conference on Tuesday, July 12, 2022, which is being held in Greenwich, CT. About Novanta Novanta is a leading global supplier of cor

Novanta to Present at the CJS Securities 22nd Annual “New Ideas” Summer Conference on Tuesday, July 12, 2022

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Robert Buckley, Chief Financial Officer, is scheduled to present at Baird's 2022 Global Consumer, Technology & Services Conference on Tuesday, June 7, 2022, in New York, NY. About Novanta Novanta is a leading global supplier of core technology solutions that give medical and advanced industrial original eq

Novanta to Present at Baird's 2022 Global Consumer, Technology & Services Conference on Tuesday, June 7, 2022

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Robert Buckley, Chief Financial Officer, and Charlie Webster, Executive Vice President, are scheduled to present at the William Blair 42nd Annual Growth Stock Conference on Monday, June 6, 2022, in Chicago, IL. About Novanta Novanta is a leading global supplier of core technology solutions that give medical an

Novanta to Present at the William Blair 42nd Annual Growth Stock Conference on Monday, June 6, 2022

Novanta Inc (NASDAQ:NOVT ) Q1 2022 Earnings Conference Call May 10, 2022 10:00 AM ET Company Participants Ray Nash - Corporate Finance Leader Matthijs Glastra - CEO & Chairman of the Board Robert Buckley - CFO Conference Call Participants Lee Jagoda - CJS Securities Rob Mason - Baird Brian Drab - William Blair Andrew Buscaglia - Berenberg Operator Good morning. My name is Andrea, and I will be your conference operator today.

Novanta Inc (NOVT) CEO Matthijs Glastra on Q1 2022 Results - Earnings Call Transcript

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, today reported financial results for the first quarter 2022. Financial Highlights Three Months Ended   (In millions, except per share amounts) April 1,     April 2,     2022     2021   GAAP               Revenue $ 204.2     $ 162.6   Operating Income $ 24.3     $ 11.1   Consolidated Net Income $ 18.8     $ 11.3   Diluted EPS $ 0.5

Novanta Announces Financial Results for the First Quarter 2022

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, will release its first quarter 2022 results on Tuesday, May 10, 2022. The Company will host a conference call on Tuesday, May 10, 2022, at 10:00 a.m. ET to discuss these results. To access the call, please dial (888) 346-3959 before the scheduled conference call time. Alternatively, the conference call can be accessed online via a

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, May 10, 2022

Novanta (NOVT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Novanta (NOVT) Soars 7.1%: Is Further Upside Left in the Stock?

Novanta's (NOVT) CEO Matthijs Glastra on Q4 2021 Results - Earnings Call Transcript

Novanta (NOVT) delivered earnings and revenue surprises of 6.35% and 4.55%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Novanta (NOVT) Surpasses Q4 Earnings and Revenue Estimates

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta 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. Financial Highlights Three Months Ended December 31,     Year Ended December 31,   (In millions, except per share amounts) 2021     2020     2021     2020   GAAP                               Revenue $ 199.0     $ 147.5     $ 706.8     $ 590.6

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