Novanta's Q2 sales, profit beats estimates

Novanta

05/08/2025 12:03

Overview

Novanta Q2 GAAP revenue up 2% to $241 mln, beating estimates

Adjusted EPS for Q2 at $0.76, surpassing analyst expectations

Company updates full-year 2025 financial guidance

Outlook

Novanta expects full-year 2025 GAAP revenue of $970 mln to $985 mln

Company anticipates Q3 2025 GAAP revenue of $244 mln to $247 mln

Novanta sees full-year 2025 Adjusted EBITDA of $225 mln to $230 mln

Company expects Q3 2025 Adjusted EPS of $0.78 to $0.85; FY adjusted EPS of $3.22 to $3.36

Result Drivers

ACQUISITIONS AND FX - Revenue growth driven by acquisitions and favorable foreign exchange rates

BOOKINGS GROWTH - 10% increase in bookings with improvement in industrial business

SEGMENT GROWTH - Mid-teens revenue growth in Advanced Surgery and Robotics & Automation segments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$241 mln
$238 mln (3 Analysts)
Q2 Adjusted EPS
Beat
$0.76
$0.73 (3 Analysts)
Q2 Consolidated Net Income
$4.50 mln
Q2 Adjusted EBITDA
Beat
$52.20 mln
$51.50 mln (2 Analysts)
Q2 Adjusted Operating Income
Beat
$40.70 mln
$39.90 mln (3 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Novanta Inc is $158.50, about 21.8% above its August 4 closing price of $124.01

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release: ID:nBwrCR1sa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)