Novanta sees FY24 adjusted EPS $3.10-$3.35, consensus $3.22

Sees FY24 revenue $975M-$1B, consensus $934.9M. “In 2024, we are well positioned to continue to deliver innovative products to our customers that help them differentiate in their end markets,” said Matthijs Glastra, CEO. “We believe we are in the right secular high-growth markets, with the right technologies, and with a world-class team, dedicated and aligned to the Novanta mission. In this coming year, we look forward to delivering on an attractive financial framework and sustaining long-term shareholder value.” Sees FY24 adjusted Gross Profit Margin 46.0%-47.0%; Adjusted EBITDA $215M-$225M. The Company’s guidance assumes no significant changes in foreign exchange rates.