Novanta Q1 2024 revenue up 5.4% to $231M; GAAP net income down to $14.7M

NOVANTA INC

2024-Q1 EPS reported $0.41 revenue$230,916,000

GAAP revenue $230.9M vs $219.1M YoY; GAAP net income $14.7M vs $18.3M.
GAAP diluted EPS $0.41 vs $0.51; Adjusted diluted EPS flat at $0.74.
Adjusted EBITDA $49.7M vs $47.0M; Adjusted operating income $40.1M vs $36.9M.
No forward guidance provided in the release.

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 0.9

NOVANTA INC reported first quarter 2024 results: revenue $231 million, net income $15 million, EPS $0.41.

Period: first quarter 2024
Revenue: $231 million
Net income: $15 million
EPS: $0.41
Result: reported results

Exact text from the filing

EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE May 7, 2024 Novanta Announces Financial Results for the First Quarter 2024 • First Quarter 2024 GAAP Revenue of $231 million • First Quarter 2024 GAAP Net Income of $15 million • First Quarter 2024 GAAP Diluted Earnings Per Share of $0.41 • First Quarter 2024 Adjusted Earnings Per Share of $0.74 •

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Source: SEC EDGAR

accession 0000950170-24-053957

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