Novanta Announces Financial Results for the First Quarter 2021

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Go back to Novanta Announces Financial Results for the First Quarter 2021

Novanta (NOVT) Tops Q1 EPS by 19c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance Above Consensus

May 11, 2021 7:04 AM EDT

Novanta (NASDAQ: NOVT) reported Q1 EPS of $0.58, $0.19 better than the analyst estimate of $0.39. Revenue for the quarter came in at $162.6 million versus the consensus estimate of $156.28 million.

First Quarter 2021 GAAP Revenue of $163 millionFirst Quarter 2021 GAAP Consolidated Net Income of $11 millionFirst Quarter 2021 GAAP Diluted Earnings Per Share of $0.32First Quarter 2021 Adjusted Earnings Per Share of $0.58First Quarter 2021 Adjusted EBITDA of $33 million

Novanta delivered strong First Quarter results, with sales, bookings, profit, and cash flow all exceeding our expectations, said Matthijs Glastra, Chief Executive Officer of Novanta. Demand accelerated across... More