Novanta ( (NOVT) ) has released its Q1 earnings. Here is a breakdown of the information Novanta presented to its investors.
Novanta Inc. is a global supplier specializing in core technology solutions for medical, life science, and advanced industrial equipment manufacturers, leveraging expertise in precision medicine, manufacturing, robotics, and automation.
In its first quarter of 2025, Novanta reported a modest increase in GAAP revenue to $233 million, alongside a significant 45% rise in GAAP net income to $21 million. The company maintained its adjusted earnings per share at $0.74, reflecting stable financial performance amidst a challenging economic environment.
Key financial metrics for the quarter included a 1% increase in adjusted EBITDA to $50 million and operating cash flow of $32 million. The company also highlighted its continued commitment to growth through new product launches and a recent acquisition. Despite foreign exchange challenges, organic revenue growth was reported at 1.7%.
Looking ahead, Novanta remains confident in its strategic direction, focusing on innovation and operational excellence. The company anticipates GAAP revenue of $230 million to $240 million for the second quarter of 2025, with expectations of adjusted EBITDA between $50 million and $55 million, as it navigates global trade uncertainties.