Novanta reports Q2 adjusted EPS 73c, consensus 69c

Reports Q2 revenue $236M, consensus $233.61M. “Novanta delivered another quarter of outstanding operating results,” said CEO Matthijs Glastra. “In Q2, we beat expectations for sales, profit, and cash flow. For the quarter, we had $236M in revenue, adjusted gross profit margin of 47%, adjusted EBITDA of $51M, and operating cash flow of $41M. These excellent results reflect the resilience and dedication of our team as they work to serve our customers, launch innovative new products, and deliver on our financial commitments.”