Novanta Q2 2024 revenue up 2.8% to $236M, but GAAP EPS falls 34% to $0.38

NOVANTA INC

2024-Q2 EPS reported $0.79 revenue$466,780,000

Revenue $235.9M (+2.8% YoY); GAAP net income $13.8M vs $20.9M in Q2 2023.
GAAP diluted EPS $0.38 vs $0.58; adjusted diluted EPS $0.73 vs $0.80.
Adjusted EBITDA $51.1M essentially flat vs $51.7M prior year.
Operating income $25.7M vs $32.2M YoY, reflecting lower margins.

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