Novanta Announces Financial Results for the Second Quarter of 2016

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Novanta (NOVT) Tops Q2 EPS by 3c

August 2, 2016 4:39 PM EDT

Novanta (NASDAQ: NOVT) reported Q2 EPS of $0.27, $0.03 better than the analyst estimate of $0.24. Revenue for the quarter came in at $97.7 million versus the consensus estimate of $95.5 million.

GUIDANCE:

Novanta sees Q3 2016 EPS of $0.28-$0.29, versus the consensus of $0.28. Novanta sees... More

Novanta (NOVT) Appoints New CEO

August 2, 2016 4:39 PM EDT

Novanta Inc. (NASDAQ: NOVT) announced that it has named Matthijs Glastra as Chief Executive Officer and a director of the Company, effective September 1, 2016. Mr. Glastra currently serves as Novanta's Chief Operating Officer, and will succeed John Roush as Chief Executive Officer. Mr. Roush will continue to serve in an advisory role after September 1, 2016 for a limited transition period.

"As Novanta completes its transformation to a leading global supplier of enabling technology solutions in the medical and advanced industrial end markets, the Board is confident that Matthijs is uniquely... More