Education
About Us
Working with TipRanks
Follow Us
Novanta Inc (NOVT)
NASDAQ:NOVT
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.67Last Year’s EPS
0.74Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 4.58%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Novanta's robust financial performance with record cash flow, strong bookings growth, and a strategic focus on new product launches. However, challenges remain in the form of market uncertainties, especially in the life sciences and precision medicine segments. Despite these challenges, the company remains optimistic about 2025 growth driven by innovation and strategic acquisitions.Company Guidance
In the earnings call for Novanta Inc.'s fourth quarter and full year 2024, the company provided guidance for 2025, highlighting expectations for $50 million in incremental new product revenue, primarily from new insufflators and pumps for hospitals and surgical centers. The company forecasts a 5% overall revenue growth, targeting approximately $1 billion in GAAP revenue for 2025. Adjusted gross margins are expected to expand by 100 basis points, reaching roughly 47% to 47.5%. Novanta aims for an adjusted EBITDA between $225 million and $235 million, translating to a 23% EBITDA margin. The company projects adjusted earnings per share to range from $3.35 to $3.55, reflecting a 9% to 15% increase year over year. Furthermore, Novanta anticipates continued strong cash flow growth, with a cash conversion rate exceeding 100% of non-GAAP net income. The guidance remains conservative due to market uncertainties, including geopolitical disruptions and trade war impacts, but the company remains optimistic about its long-term growth prospects, driven by new product launches and strategic acquisitions.Record Cash Flow Generation
Novanta achieved a record $62 million in operating cash flow for the fourth quarter, up 58% year over year, and a record $159 million for the full year 2024, up 32% from 2023.
Strong Bookings Growth
Bookings grew 54% year over year and 5% sequentially in the fourth quarter, driven by major OEM customers confirming their 2025 new product launches.
New Product Launches and Innovation
Novanta launched fifty new products in 2024 and has plans to launch 50% more in 2025. The company expects $50 million of incremental new product revenue for 2025.
Adjusted EBITDA Growth
Adjusted EBITDA grew 15% year over year to $52 million in the fourth quarter and 7% to $210 million for the full year 2024.
Gross Margin Expansion
Core businesses achieved adjusted gross margin expansion of 125 basis points in the fourth quarter and 120 basis points for the full year 2024.
---
NOVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
NOVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $138.30 | $148.25 | +7.19% |
| Nov 05, 2024 | $174.17 | $164.67 | -5.45% |
| Aug 06, 2024 | $156.50 | $170.19 | +8.75% |
| May 07, 2024 | $161.14 | $161.84 | +0.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Novanta Inc (NOVT) report earnings?
Novanta Inc (NOVT) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Novanta Inc (NOVT) earnings time?
Novanta Inc (NOVT) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOVT EPS forecast?
NOVT EPS forecast for the fiscal quarter 2025 (Q1) is 0.67.
---