Novanta Q1 2023 revenue up 7% to $219M; GAAP EPS $0.51, adjusted EPS $0.74

NOVANTA INC

2023-Q1 EPS reported $0.51 revenue$219,126,000

GAAP revenue $219.1M (+7% YoY); GAAP net income $18.3M vs $18.8M YoY.
GAAP diluted EPS $0.51 vs $0.53 Q1 2022; adjusted diluted EPS $0.74 vs $0.73.
Adjusted EBITDA of $47.0M, up from $43.6M in Q1 2022.
Non-GAAP adjusted operating income $36.9M vs $33.5M year-over-year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

NOVANTA INC reported first quarter 2023 results: revenue $219.1 million, net income $18.3 million, EPS $0.51 diluted earnings per share or $0.74 adjusted diluted earnings per share.

Period: first quarter 2023
Revenue: $219.1 million
Net income: $18.3 million
EPS: $0.51 diluted earnings per share or $0.74 adjusted diluted earnings per share
Result: reported results

Exact text from the filing

--- EX-99 Exhibit 99.1 FOR IMMEDIATE RELEASE May 9, 2023 Novanta Announces Financial Results for the First Quarter 2023 • First Quarter 2023 GAAP Revenue increased 7% to $219 million • First Quarter 2023 GAAP Net Income of $18 million • First Quarter 2023 GAAP Diluted Earnings Per Share of $0.51 • First Quarter 2023 Adjusted Earnings Per Share of $0.74 •

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Source: SEC EDGAR

accession 0000950170-23-019155

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