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Novanta Q1 2023 Earnings Report

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$149.63 +1.97 (+1.33%)
As of 01/17/2025 04:00 PM Eastern

Novanta EPS Results

Actual EPS
$0.74
Consensus EPS
$0.64
Beat/Miss
Beat by +$0.10
One Year Ago EPS
$0.73

Novanta Revenue Results

Actual Revenue
$219.10 million
Expected Revenue
$211.22 million
Beat/Miss
Beat by +$7.88 million
YoY Revenue Growth
+7.30%

Novanta Announcement Details

Quarter
Q1 2023
Time
Before Market Opens

Conference Call Resources

Conference Call Audio

Novanta Earnings Headlines

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About Novanta

Novanta (NASDAQ:NOVT), Inc. engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products. The Vision segment offers a range of medical grade technologies, including medical insufflators, pumps and related disposables, surgical displays and operating room integration technologies, optical data collection and machine vision technologies, radio frequency identification technologies, thermal printers, spectrometry technologies, and embedded touch screen solutions. The Precision Motion segment includes optical encoders, precision motor and motion control technology, air bearing spindles, and precision machined components to customers. The company was founded in 1968 and is headquartered in Bedford, MA.

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