---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-019155"
form_type: "8-K"
ticker: "NOVT"
cik: "0001076930"
company_name: "NOVANTA INC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:01:07.383421+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-019155
- form_type: 8-K
- ticker: NOVT
- cik: 0001076930
- company_name: NOVANTA INC
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1076930/000095017023019155/0000950170-23-019155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1076930/000095017023019155/novt-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-019155
- JSON: https://secwatch.observer/filing/0000950170-23-019155.json
- Plain text: https://secwatch.observer/filing/0000950170-23-019155.txt

## Key facts
- Earnings Releases
  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
  source text: --- 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 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1076930/000095017023019155/0000950170-23-019155-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.