NOVT Stock - Novanta Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $949.25M | $881.66M | $860.90M | $706.79M | $590.62M |
| Gross Profit | $421.55M | $399.90M | $378.47M | $300.33M | $244.52M |
| Gross Margin | 44.4% | 45.4% | 44.0% | 42.5% | 41.4% |
| Operating Income | $110.58M | $110.50M | $103.08M | $64.05M | $55.89M |
| Net Income | $64.09M | $72.88M | $74.05M | $50.33M | $44.52M |
| Net Margin | 6.8% | 8.3% | 8.6% | 7.1% | 7.5% |
| EPS | $1.78 | $2.03 | $2.08 | $1.42 | $1.27 |
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. The company's Photonics segment offers photonics-based solutions, including laser scanning and beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. It's Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. In addition, its Precision Motion segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force, resellers, distributors, and system integrators under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| May 11th 2022 | William Blair | Upgrade | Outperform | - |
Earnings History & Surprises
NOVTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 24, 2026 | $0.88 | — | — | — |
Q4 2025 | Nov 3, 2025 | $0.81 | $0.87 | +7.4% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $0.74 | $0.76 | +2.7% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $0.68 | $0.74 | +8.8% | ✓ BEAT |
Q1 2025 | Feb 25, 2025 | $0.81 | $0.76 | -6.2% | ✗ MISS |
Q4 2024 | Nov 5, 2024 | $0.86 | $0.85 | -1.2% | ✗ MISS |
Q3 2024 | Aug 6, 2024 | $0.69 | $0.73 | +5.8% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $0.57 | $0.74 | +29.8% | ✓ BEAT |
Q1 2024 | Feb 28, 2024 | $0.63 | $0.63 | 0.0% | = MET |
Q4 2023 | Nov 7, 2023 | $0.74 | $0.85 | +14.9% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $0.72 | $0.80 | +11.1% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $0.64 | $0.74 | +15.6% | ✓ BEAT |
Q1 2023 | Mar 1, 2023 | $0.69 | $0.75 | +8.7% | ✓ BEAT |
Q4 2022 | Nov 8, 2022 | $0.74 | $0.81 | +9.5% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $0.72 | $0.78 | +8.3% | ✓ BEAT |
Q2 2022 | May 10, 2022 | $0.63 | $0.73 | +15.9% | ✓ BEAT |
Q1 2022 | Mar 1, 2022 | $0.63 | $0.67 | +6.3% | ✓ BEAT |
Q4 2021 | Nov 9, 2021 | $0.61 | $0.75 | +23.0% | ✓ BEAT |
Q3 2021 | Aug 10, 2021 | $0.51 | $0.62 | +21.6% | ✓ BEAT |
Latest News
Novanta Raises $533M Through $50-Per-Unit Public Equity Offering to Strengthen Balance Sheet and Fund Growth Plans
📈 PositiveNovanta shares are trading lower after the company announced a $550 million offering of tangible equity units.
📉 NegativeNOVT stock has given up its prior loss. Novanta shares were trading lower after the company announced a $550 million offering of tangible equity units.
➖ NeutralNovanta shares are trading lower after the company announced a $550 million offering of tangible equity units.
📉 NegativeNovanta Commences $550M Offering Of 11M Tangible Equity Units At $50/Unit
📈 PositiveNovanta Narrows FY2025 Adj EPS Guidance from $3.22-$3.36 to $3.24-$3.30 vs $3.26 Est; Narrows FY2025 Sales Guidance from $970.000M-$985.000M to $975.000M-$979.000M vs $977.747M Est
➖ NeutralNovanta Sees Q4 Adj EPS $0.87-$0.93 vs $0.94 Est; Sees Sales $253.000M-$257.000M vs $255.160M Est
📉 NegativeNovanta Q3 Adj. EPS $0.87 Beats $0.82 Estimate, Sales $247.836M Beat $245.950M Estimate
📈 PositiveNovanta Board Authorizes Repurchase Of Up To Addl. $200M Of Outstanding Common Shares, Adding Capacity To $31M Remaining From 2020 Board Authorization, For Total Capacity Of $231M
📈 PositiveFrequently Asked Questions about NOVT
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