Novanta (NOVT) Tops Q2 EPS by 4c, provides guidance

Novanta (NASDAQ: NOVT) reported Q2 EPS of $0.73, $0.04 better than the analyst estimate of $0.69. Revenue for the quarter came in at $236 million versus the consensus estimate of $233.63 million.

GUIDANCE:

Novanta sees FY2024 EPS of $3.20-$3.35, versus the consensus of $3.25. For the full year 2024, the Company expects GAAP revenue of approximately $975 million, representing reported revenue growth of greater than 10%. The Company expects Adjusted Gross Profit Margin to be approximately 46.6% to 47.0%. The Company expects Adjusted EBITDA to be in the range of $215 million to $222 million.

For earnings history and earnings-related data on Novanta (NOVT) click here.

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