Novanta reports Q4 adjusted EPS 76c, consensus 71c

Reports Q4 revenue $238.06M, consensus $240.29M. “Novanta (NOVT) achieved solid financial results for the full year 2024, effectively navigating a persistently challenging environment,” said Matthijs Glastra, chair and CEO. “We had strong operating performance, achieving above our expectations for Adjusted Gross Margins and Adjusted EBITDA, and also excellent cash flow generation, while also returning to organic growth in the Fourth Quarter. In the year, we delivered and launched multiple new products which are on schedule to ramp in 2025. The fundamentals of Novanta are strong, and we remain confident in our strategy, in our portfolio, our exposure to diversified end-markets, and in our ability to generate strong operating cash flows to compound our growth through our targeted acquisition strategy.”