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 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) inked an agreement to acquire Schneider Electric Motion USA (SEM, IMS, or Intelligent Motion Systems) for $115 million in cash. The transaction is likely to close in Q3 of 2021.

Novanta To Acquire Schneider Electric Motion USA For $115M Cash

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (“Novanta” or the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that it has reached an agreement to acquire Schneider Electric Motion USA (“SEM,” “IMS,” or “Intelligent Motion Systems”) for $115 million in cash. The transaction is expected to close in the third quarter of 2021. Schneider Electric Motion USA is a manufacturer of motion control components for automat

Novanta Announces Agreement to Acquire Schneider Electric Motion USA

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 the 21st Annual CJS Securities New Ideas Summer Conference on Tuesday, July 13, 2021, which is being held virtually. About Novanta Novanta is a leading global supplier of core technology solutions that give medical and advanced industrial origi

Novanta to Present at the 21st Annual CJS Securities New Ideas Summer (Virtual) Conference on Tuesday, July 13, 2021

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, Chairperson and Chief Executive Officer, and Robert Buckley, Chief Financial Officer, are scheduled to present at the Baird's 2021 Global Consumer, Technology & Services Conference on Tuesday, June 8, 2021, which is being held virtually. About Novanta Novanta is a leading global supplier

Novanta to Present at the Baird's 2021 Global Consumer, Technology & Services Conference on Tuesday, June 8, 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Date in Headline and first paragraph should read: Wednesday, June 2, 2021 (instead of Wednesday, May 26, 2021). The updated release reads:  NOVANTA TO PRESENT AT THE WILLIAM BLAIR'S 41ST ANNUAL GROWTH STOCK CONFERENCE ON WEDNESDAY, JUNE 2, 2021 Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Matthijs Glastra, Chairperson and Chief Executive Officer, and Rob

CORRECTING and REPLACING Novanta to Present at the William Blair's 41st Annual Growth Stock Conference on Wednesday, June 2, 2021

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, Chairperson and Chief Executive Officer, and Robert Buckley, Chief Financial Officer, are scheduled to present at the William Blair's 41st Annual Growth Stock Conference on Wednesday, May 26, 2021, which is being held virtually. About Novanta Novanta is a leading global supplier of core techn

Novanta to Present at the William Blair's 41st Annual Growth Stock Conference on Wednesday, May 26, 2021

Novanta Inc (NASDAQ: NOVT) reported first-quarter FY21 revenue growth of 4.6% year-on-year to $162.6 million, beating the analyst consensus of $156.3 million. Photonics revenue rose 6.1% Y/Y to $58.5 million, Vision revenue declined 2% Y/Y to $67.6 million, while Precision Motion revenue rose 16.4% Y/Y to $36.5 million.

Novanta Stock Is Trading Higher On Q1 Earnings Beat, Strong Guidance

Novanta Inc. (NOVT) CEO Matthijs Glastra on Q1 2021 Results - Earnings Call Transcript

Novanta (NOVT) delivered earnings and revenue surprises of 52.63% and 3.88%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Novanta (NOVT) Beats Q1 Earnings and Revenue Estimates

Shares of Novanta (NASDAQ:NOVT) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share were up 13.73% year over year to $0.58, which beat the estimate of $0.39.

Novanta: Q1 Earnings Insights

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 2021. Financial Highlights Three Months Ended   (In millions, except per share amounts) April 2,     April 3,     2021     2020   GAAP               Revenue $ 162.6     $ 155.5   Operating Income $ 11.1     $ 13.3   Consolidated Net Income $ 11.3     $ 11.9   Diluted EPS $ 0.3

Novanta Announces Financial Results for the First Quarter 2021

Novanta (NASDAQ:NOVT) announces its next round of earnings this Tuesday, May 11. Here is Benzinga's look at Novanta's Q1 earnings report.

A Preview Of Novanta's Earnings

Novanta (NOVT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Novanta (NOVT) Q1 Earnings Expected to Decline

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 2021 results on Tuesday, May 11, 2021. The Company will host a conference call on Tuesday, May 11, 2021 at 10:00 a.m. ET to discuss these results. To access the call, please dial (888) 346-3959 prior to the scheduled conference call time. Alternatively, the conference call can be accessed online via

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, May 11, 2021

STOCKPORT, England--(BUSINESS WIRE)-- #InnovationsThatMatter--Novanta introduces the Dart 8 picosecond laser for micromachining applications, which delivers near-perfect beam roundness for precision processing.

Novanta Introduces Precision Processing for Micromachining

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that its Board of Directors has appointed Matthijs Glastra, currently Chief Executive Office, to the additional role of Chairman of the Board, effective after the Company's Annual Meeting of Shareholders on May 13, 2021. Mr. Glastra will succeed Stephen W. Bershad, who after a highly successful eleven year tenure,

Matthijs Glastra Appointed Chairman of the Board of Directors of Novanta Inc.

Novanta Inc. (NOVT) CEO Matthijs Glastra on Q4 2020 Results - Earnings Call Transcript

Novanta (NOVT) delivered earnings and revenue surprises of 23.26% and -0.16%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Novanta (NOVT) Tops Q4 Earnings Estimates

Shares of Novanta (NASDAQ:NOVT) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share decreased 3.64% over the past year to $0.53, which beat the estimate of $0.44.

Novanta: Q4 Earnings Insights

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 2020. Financial Highlights Three Months Ended December 31,     Year Ended December 31,   (In millions, except per share amounts) 2020     2019     2020     2019   GAAP                               Revenue $ 147.5     $ 159.7     $ 590.6     $ 626.1

Novanta Announces Financial Results for the Fourth Quarter and Full Year 2020

Analysts Estimate Novanta (NOVT) to Report a Decline in Earnings: What to Look Out for

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 2020 results on Monday, March 01, 2021. The Company will host a conference call on Monday, March 01, 2021 at 10:00 a.m. ET to discuss these results. To access the call, please dial (888) 346-3959 prior to the scheduled conference call time. Alternatively, the conference call can be acc

Novanta Inc. Schedules Earnings Release and Conference Call for Monday, March 01, 2021

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, Chief Executive Officer, is scheduled to present at the J.P. Morgan Healthcare Conference, which is being held virtually, on Wednesday, January 13, 2021. About Novanta Novanta is a leading global supplier of core technology solutions that give medical and advanced industrial original equipment

Novanta to Present at the J.P. Morgan Healthcare Conference on Wednesday, January 13, 2021

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 the CJS Securities 21st Annual New Ideas for the New Year Conference, which is being held virtually, on Wednesday, January 13, 2021. About Novanta Novanta is a leading global supplier of core technology solutions that give medical and advanced

Novanta to Present at the CJS Securities 21st Annual New Ideas for the New Year Conference on Wednesday, January 13, 2021

Novanta, Inc. (NOVT) CEO Matthijs Glastra on Q3 2020 Results - Earnings Call Transcript

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