Novanta (NOVT) Tops Q1 EPS by 10c, Beats on Revenue

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Novanta Announces Financial Results for the First Quarter 2023

May 9, 2023 6:59 AM EDT

First Quarter 2023 GAAP Revenue increased 7% to $219 million First Quarter 2023 GAAP Net Income of $18 million First Quarter 2023 GAAP Diluted Earnings Per Share of $0.51 First Quarter 2023 Adjusted Earnings Per Share of $0.74 First Quarter 2023 Adjusted EBITDA of $47 million

BEDFORD, Mass.--(BUSINESS WIRE)-- Novanta Inc. (Nasdaq: NOVT) (Novanta or the Company), a trusted technology partner to medical and advanced technology equipment manufacturers, today reported financial results for the first quarter 2023.

Financial Highlights

Three Months Ended

 

(In millions, except per share amounts)

March 31,

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