Novanta (NOVT) Tops Q2 EPS by 6c

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Novanta Announces Financial Results for the Second Quarter 2022

August 9, 2022 6:59 AM EDT

Second Quarter 2022 GAAP Revenue increased 29% to $215 million Second Quarter 2022 GAAP Consolidated Net Income of $17.5 million Second Quarter 2022 GAAP Diluted Earnings Per Share increased 48% to $0.49 Second Quarter 2022 Adjusted Earnings Per Share increased 26% to $0.78 Second Quarter 2022 Adjusted EBITDA of $45.0 million Raises Full Year Guidance

BEDFORD, Mass.--(BUSINESS WIRE)-- Novanta Inc. (Nasdaq: NOVT) (the Company), a trusted technology partner to medical and advanced technology equipment manufacturers, today reported financial results for the second quarter 2022.

Financial Highlights

Three Months... More