Announcement • May 12
Novanta Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2026 Novanta Inc. provided earnings guidance for the second quarter and full year of 2026. For the quarter, the company expects GAAP revenue to be in the range of $259 million to $264 million.
For the year, the company expects GAAP revenue to be in the range of $1,040 million to $1,055 million. Reported Earnings • May 12
First quarter 2026 earnings released: EPS: US$0.52 (vs US$0.59 in 1Q 2025) First quarter 2026 results: EPS: US$0.52 (down from US$0.59 in 1Q 2025). Revenue: US$257.7m (up 10% from 1Q 2025). Net income: US$21.1m (flat on 1Q 2025). Profit margin: 8.2% (down from 9.1% in 1Q 2025). Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 23
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at US$136. The fair value is estimated to be US$113, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 107% in the next 2 years. Announcement • Apr 14
Novanta Inc. to Report Q1, 2026 Results on May 11, 2026 Novanta Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 11, 2026 Buy Or Sell Opportunity • Mar 02
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to US$137. The fair value is estimated to be US$114, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 107% in the next 2 years. Reported Earnings • Feb 24
Full year 2025 earnings released: EPS: US$1.47 (vs US$1.78 in FY 2024) Full year 2025 results: EPS: US$1.47 (down from US$1.78 in FY 2024). Revenue: US$980.6m (up 3.3% from FY 2024). Net income: US$53.8m (down 16% from FY 2024). Profit margin: 5.5% (down from 6.8% in FY 2024). Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Feb 24
Novanta Inc. Provides Revenue Guidance for the First Quarter and for the Full Year 2026 Novanta Inc. provided revenue guidance for the first quarter and For the full year 2026. For the first quarter of 2026, the Company expects GAAP revenue to be in the range of $250 million to $255 million.
For the full year, the Company expects GAAP revenue to be in the range of $1,030 million to $1,050 million. Announcement • Feb 10
Novanta Inc., Annual General Meeting, May 28, 2026 Novanta Inc., Annual General Meeting, May 28, 2026. Buy Or Sell Opportunity • Feb 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to US$140. The fair value is estimated to be US$115, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 135% in the next 2 years. Announcement • Jan 22
Novanta Inc. to Report Q4, 2025 Results on Feb 24, 2026 Novanta Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 24, 2026 Buy Or Sell Opportunity • Jan 15
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to US$136. The fair value is estimated to be US$108, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 135% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$103, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 22x in the Electronic industry in the United Kingdom. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$44.88 per share. Announcement • Nov 07
Novanta Inc. has completed a Composite Units Offering in the amount of $550 million. Novanta Inc. has completed a Composite Units Offering in the amount of $550 million.
Security Name: Units
Security Type: Debt/Equity Composite Units
Securities Offered: 11,000,000
Price\Range: $50
Discount Per Security: $1.375 Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: US$0.30 (vs US$0.53 in 3Q 2024) Third quarter 2025 results: EPS: US$0.30 (down from US$0.53 in 3Q 2024). Revenue: US$247.8m (up 1.4% from 3Q 2024). Net income: US$10.7m (down 45% from 3Q 2024). Profit margin: 4.3% (down from 7.9% in 3Q 2024). Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Nov 04
Novanta Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2025 and Fiscal Year 2026 Novanta Inc. provided earnings guidance for the fourth quarter and full year of 2025 and fiscal year 2026. For the fourth quarter of 2025, the Company expects GAAP revenue of approximately $253 million to $257 million.
For the full year 2025, the Company expects GAAP revenue of approximately $975 million to $979 million.
Looking forward to full year 2026, the company now expects to deliver mid-single digit organic revenue growth as a result of continued momentum in business and end markets, the strength of new design wins, and new product launches. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$127, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 22x in the Electronic industry in the United Kingdom. Total loss to shareholders of 6.2% over the past three years. Announcement • Oct 08
Novanta Inc. to Report Q3, 2025 Results on Nov 04, 2025 Novanta Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 04, 2025 Announcement • Sep 19
Novanta Inc. Announces the Resignation of Barbara Hulit as Member of the Board of Directors and the Audit Committee and Environmental, Social and Governance Committee of the Board, Effective November 1, 2025 Novanta Inc. announced that on September 15, 2025, Barbara Hulit resigned as a member of the Board of Directors of the company and the Audit Committee and Environmental, Social and Governance Committee of the Board, effective November 1, 2025. Ms. Hulit’s decision to resign was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Reported Earnings • Aug 05
Second quarter 2025 earnings released: EPS: US$0.13 (vs US$0.38 in 2Q 2024) Second quarter 2025 results: EPS: US$0.13 (down from US$0.38 in 2Q 2024). Revenue: US$241.0m (up 2.2% from 2Q 2024). Net income: US$4.50m (down 67% from 2Q 2024). Profit margin: 1.9% (down from 5.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Announcement • Aug 05
Novanta Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2025 Novanta Inc. provided earnings guidance for the third quarter and full year 2025. For the quarter, the Company expects GAAP revenue of approximately $244 million to $247 million.
For the full year 2025, the Company expects GAAP revenue of approximately $970 million to $985 million. Announcement • Jul 13
Novanta Inc. Announces Departure of Michele D. Welsh, General Counsel and Corporate Secretary, Effective on July 18, 2025 On July 8, 2025, Novanta Inc. (the Company) announced that Michele D. Welsh, General Counsel and Corporate Secretary of the Company, would no longer serve in those positions, effective on July 18, 2025, or such earlier date as may be agreed between Ms. Welsh and the Company. There are no changes to the severance that Ms. Welsh is entitled to receive pursuant to Section 4(a)(iv) of Ms. Welsh’s employment agreement dated July 11, 2022. Announcement • Jul 09
Novanta Inc. to Report Q2, 2025 Results on Aug 05, 2025 Novanta Inc. announced that they will report Q2, 2025 results on Aug 05, 2025 Announcement • May 07
Novanta Inc. (NasdaqGS:NOVT) acquired Keonn Technologies, S.L. for €60.6 million. Novanta Inc. (NasdaqGS:NOVT) acquired Keonn Technologies, S.L. for €60.6 million on April 8, 2025. A an initial cash payment of €60.6 million ($66.4 million), subject to customary closing and net working capital adjustments. The purchase includes up to €20.0 million ($21.9 million) in contingent consideration payable upon the achievement of certain revenue targets through December 2027. In addition, the Company has granted equity totaling €9.0 million ($9.9 million) to Keonn employees. The Keonn acquisition will be included in the Medical Solutions reportable segment. On April 8, 2025, Novanta drew down on revolving credit facility under the Senior Credit Facilities to fund the acquisition of Keonn Technologies, S.L. The acquisition was financed with cash on-hand and borrowings under Novanta's revolving credit facility.
Novanta Inc. (NasdaqGS:NOVT) completed the acquisition of Keonn Technologies, S.L. on April 8, 2025. Reported Earnings • May 06
First quarter 2025 earnings released: EPS: US$0.59 (vs US$0.41 in 1Q 2024) First quarter 2025 results: EPS: US$0.59 (up from US$0.41 in 1Q 2024). Revenue: US$233.4m (up 1.1% from 1Q 2024). Net income: US$21.2m (up 45% from 1Q 2024). Profit margin: 9.1% (up from 6.4% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Announcement • May 06
Novanta Inc. Provides Earnings Guidance for the Second Quarter of 2025 Novanta Inc. provided earnings guidance for the second quarter of 2025. For the quarter, the Company expects GAAP revenue of approximately $230 million to $240 million. Buy Or Sell Opportunity • May 01
Now 22% overvalued Over the last 90 days, the stock has fallen 18% to US$121. The fair value is estimated to be US$99.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Announcement • Apr 28
Novanta Inc., Annual General Meeting, May 29, 2025 Novanta Inc., Annual General Meeting, May 29, 2025. Announcement • Apr 09
Novanta Inc. to Report Q1, 2025 Results on May 06, 2025 Novanta Inc. announced that they will report Q1, 2025 results on May 06, 2025 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$108, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 15x in the Electronic industry in the United Kingdom. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$95.19 per share. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: US$1.78 (vs US$2.03 in FY 2023) Full year 2024 results: EPS: US$1.78 (down from US$2.03 in FY 2023). Revenue: US$949.2m (up 7.7% from FY 2023). Net income: US$64.1m (down 12% from FY 2023). Profit margin: 6.8% (down from 8.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Announcement • Feb 26
Novanta Inc. Provides Earnings Guidance for the First Quarter of 2025 and Full Year 2025 Novanta Inc. provided earnings guidance for the first quarter of 2025 and full year 2025. For the quarter, the company expects GAAP revenue of approximately $232 million to $236 million.
For the year, the company expects GAAP revenue of approximately $1.0 billion, representing revenue growth of approximately 5% year-over-year. Announcement • Jan 29
Novanta Inc. to Report Q4, 2024 Results on Feb 25, 2025 Novanta Inc. announced that they will report Q4, 2024 results on Feb 25, 2025 Recent Insider Transactions • Nov 14
CEO & Chairman of the Board recently sold US$1.3m worth of stock On the 11th of November, Matthijs Glastra sold around 8k shares on-market at roughly US$180 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Matthijs' only on-market trade for the last 12 months. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.53 (vs US$0.59 in 3Q 2023) Third quarter 2024 results: EPS: US$0.53 (down from US$0.59 in 3Q 2023). Revenue: US$244.4m (up 10% from 3Q 2023). Net income: US$19.2m (down 9.6% from 3Q 2023). Profit margin: 7.9% (down from 9.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Announcement • Nov 05
Novanta Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2024 and Revenue Guidance for the Year 2025 Novanta Inc. provided earnings guidance for the fourth quarter and full year of 2024 and revenue guidance for the year 2025. For the fourth quarter of 2024, the company expects GAAP revenue of approximately $237 million to $242 million.
For the full year 2024, the company expects GAAP revenue of approximately $948 million to $953 million.
The company expects organic revenue growth of up to 10% in 2025 compared to 2024. Announcement • Oct 09
Novanta Inc. to Report Q3, 2024 Results on Nov 05, 2024 Novanta Inc. announced that they will report Q3, 2024 results on Nov 05, 2024 Announcement • Aug 24
Novanta Inc. Announces Executive Changes On August 22, 2024, John Burke, formerly Vice President of Global Accounting for Novanta Inc. (company) was appointed Chief Accounting Officer of the company and assumed the role of principal accounting officer. Mr. Burke succeeds Peter Chang, Chief Accounting Officer and Corporate Controller of the Company, who departed from the role effective August 22, 2024. Mr. Chang, who served thirteen years in the role, will serve as an advisor to the Chief Financial Officer until his anticipated departure from the Company on February 28, 2025, and will assist with the transition of the Chief Accounting Officer role. Mr. Burke, age 43, has been it’s Vice President of Global Accounting since 2021, and previously served as Vice President of Accounting from 2017 to 2021 and Assistant Corporate Controller from 2011 to 2017. Prior to joining the company, Mr. Burke worked as the Manager of Technical Accounting and Reporting at MilliporeSigma (formerly known as Millipore Corporation), and prior to that, as an audit manager in the Boston office of PricewaterhouseCoopers LLP. Mr. Burke is a Certified Public Accountant and has a Bachelor of Business Administration degree in Accounting from the University of Massachusetts-Amherst. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.38 (vs US$0.58 in 2Q 2023) Second quarter 2024 results: EPS: US$0.38 (down from US$0.58 in 2Q 2023). Revenue: US$235.9m (up 2.8% from 2Q 2023). Net income: US$13.8m (down 34% from 2Q 2023). Profit margin: 5.8% (down from 9.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Buy Or Sell Opportunity • Aug 07
Now 25% overvalued The stock has been flat over the last 90 days, currently trading at US$165. The fair value is estimated to be US$132, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 12% in a year. Earnings are forecast to grow by 20% in the next year. Announcement • Aug 07
Novanta Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2024 Novanta Inc. provided earnings guidance for the third quarter and full year of 2024. For the quarter, Company expects GAAP revenue of approximately $241 millionto $244 million.
For the year, the company expects GAAP revenue of approximately $975 million, representing reported revenue growth of greater than 10%. Announcement • Jul 10
Novanta Inc. to Report Q2, 2024 Results on Aug 06, 2024 Novanta Inc. announced that they will report Q2, 2024 results on Aug 06, 2024 Announcement • May 08
Novanta Inc. Provides Earnings Guidance for the Second Quarter of 2024 Novanta Inc. provided earnings guidance for the second quarter of 2024. For the quarter, the Company expects GAAP revenue of approximately $230 million to $235 million. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$0.41 (vs US$0.51 in 1Q 2023) First quarter 2024 results: EPS: US$0.41 (down from US$0.51 in 1Q 2023). Revenue: US$230.9m (up 5.4% from 1Q 2023). Net income: US$14.7m (down 20% from 1Q 2023). Profit margin: 6.4% (down from 8.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 10
Novanta Inc. to Report Q1, 2024 Results on May 07, 2024 Novanta Inc. announced that they will report Q1, 2024 results at 12:30 PM, US Eastern Standard Time on May 07, 2024 Announcement • Mar 01
Novanta Inc., Annual General Meeting, May 08, 2024 Novanta Inc., Annual General Meeting, May 08, 2024. Announcement • Feb 29
Novanta Inc. Provides Revenue Guidance for the First Quarter and Full Year of 2024 Novanta Inc. provided revenue guidance for the first quarter and full year of 2024. For the quarter, company expects GAAP revenue of approximately $225 million to $230 million. For the year, Company expects GAAP revenue of approximately $975 million to $1 billion. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$2.03 (vs US$2.08 in FY 2022) Full year 2023 results: EPS: US$2.03 (down from US$2.08 in FY 2022). Revenue: US$881.7m (up 2.4% from FY 2022). Net income: US$72.9m (down 1.6% from FY 2022). Profit margin: 8.3% (down from 8.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jan 30
Novanta Inc. to Report Q4, 2023 Results on Feb 28, 2024 Novanta Inc. announced that they will report Q4, 2023 results on Feb 28, 2024 Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$141, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Total loss to shareholders of 11% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$93.44 per share. Announcement • Nov 09
Novanta Inc. Provides Revenue Guidance for the Fourth Quarter of 2023 and Full Year 2023 Novanta Inc. provides revenue guidance for the fourth quarter of 2023 and full year 2023. For the fourth quarter of 2023, the Company expects GAAP revenue of approximately $208 million to $212 million. For the full year 2023, the Company expects GAAP revenue of approximately $878 million to $882 million. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$0.59 (vs US$0.63 in 3Q 2022) Third quarter 2023 results: EPS: US$0.59 (down from US$0.63 in 3Q 2022). Revenue: US$221.5m (flat on 3Q 2022). Net income: US$21.2m (down 5.6% from 3Q 2022). Profit margin: 9.6% (in line with 3Q 2022). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Electronic industry in the United Kingdom. Announcement • Oct 11
Novanta Inc. to Report Q3, 2023 Results on Nov 07, 2023 Novanta Inc. announced that they will report Q3, 2023 results on Nov 07, 2023 Board Change • Aug 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Barbara Hulit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.58 (vs US$0.49 in 2Q 2022) Second quarter 2023 results: EPS: US$0.58 (up from US$0.49 in 2Q 2022). Revenue: US$229.5m (up 6.6% from 2Q 2022). Net income: US$20.9m (up 20% from 2Q 2022). Profit margin: 9.1% (up from 8.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Electronic industry in the United Kingdom. Announcement • Aug 09
Novanta Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2023 Novanta Inc. provided earnings guidance for the third quarter and full year 2023. For the quarter, the Company expects GAAP revenue of approximately $221 million to $224 million.For the full year 2023, the Company expects GAAP revenue of approximately $892 million to $902 million. Announcement • Jul 12
Novanta Inc. to Report Q2, 2023 Results on Aug 08, 2023 Novanta Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 08, 2023 Board Change • Jun 28
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Barbara Hulit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 10
Novanta Inc. Provides Earnings Guidance for the Second Quarter of 2023 Novanta Inc. provided earnings guidance for the second quarter of 2023. For the quarter, the company expects GAAP revenue of approximately $222 million to $225 million. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$0.51 (vs US$0.53 in 1Q 2022) First quarter 2023 results: EPS: US$0.51 (down from US$0.53 in 1Q 2022). Revenue: US$219.1m (up 7.3% from 1Q 2022). Net income: US$18.3m (down 2.9% from 1Q 2022). Profit margin: 8.3% (down from 9.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Electronic industry in the United Kingdom. Board Change • Mar 22
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Barbara Hulit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: US$2.08 (vs US$1.42 in FY 2021) Full year 2022 results: EPS: US$2.08 (up from US$1.42 in FY 2021). Revenue: US$860.9m (up 22% from FY 2021). Net income: US$74.1m (up 47% from FY 2021). Profit margin: 8.6% (up from 7.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Electronic industry in the United Kingdom. Announcement • Feb 02
Novanta Inc. to Report Q4, 2022 Results on Mar 01, 2023 Novanta Inc. announced that they will report Q4, 2022 results on Mar 01, 2023 Board Change • Jan 31
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Barbara Hulit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 11
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Barbara Hulit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Barbara Hulit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Barbara Hulit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: US$0.63 (vs US$0.38 in 3Q 2021) Third quarter 2022 results: EPS: US$0.63 (up from US$0.38 in 3Q 2021). Revenue: US$223.0m (up 26% from 3Q 2021). Net income: US$22.5m (up 65% from 3Q 2021). Profit margin: 10% (up from 7.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in the United Kingdom. Board Change • Oct 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Barbara Hulit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: US$0.49 (vs US$0.33 in 2Q 2021) Second quarter 2022 results: EPS: US$0.49 (up from US$0.33 in 2Q 2021). Revenue: US$215.4m (up 29% from 2Q 2021). Net income: US$17.5m (up 50% from 2Q 2021). Profit margin: 8.1% (up from 7.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 9.0% growth forecast for the industry in the United Kingdom. Board Change • Aug 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Barbara Hulit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Darlene J. Solomon was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Darlene J. Solomon was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$114, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 23x in the Electronic industry in the United Kingdom. Simply Wall St's valuation model estimates the intrinsic value at US$101 per share. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$1.42 (up from US$1.27 in FY 2020). Revenue: US$706.8m (up 20% from FY 2020). Net income: US$50.3m (up 13% from FY 2020). Profit margin: 7.1% (down from 7.5% in FY 2020). Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 17%, compared to a 7.3% growth forecast for the industry in the United Kingdom. Board Change • Feb 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Emeritus Steve Bershad was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Emeritus Steve Bershad was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS US$0.38 (vs US$0.23 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$177.7m (up 24% from 3Q 2020). Net income: US$13.6m (up 65% from 3Q 2020). Profit margin: 7.7% (up from 5.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Board Change • Oct 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 2 highly experienced directors. Independent Director Ira Lamel is the most experienced director on the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 21
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 2 highly experienced directors. Independent Director Ira Lamel is the most experienced director on the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS US$0.33 (vs US$0.33 in 2Q 2020) The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: US$167.5m (up 16% from 2Q 2020). Net income: US$11.7m (flat on 2Q 2020). Profit margin: 7.0% (down from 8.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Board Change • Aug 12
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 2 highly experienced directors. Independent Director Ira Lamel is the most experienced director on the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • May 14
First quarter 2021 earnings released: EPS US$0.32 (vs US$0.34 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$162.6m (up 4.6% from 1Q 2020). Net income: US$11.3m (down 5.3% from 1Q 2020). Profit margin: 7.0% (down from 7.7% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 03
Revenue beats expectations Revenue exceeded analyst estimates by 0.08%. Over the next year, revenue is forecast to grow 8.7%, compared to a 6.5% growth forecast for the Electronic industry in the United Kingdom. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS US$1.27 (vs US$1.16 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$590.6m (down 5.7% from FY 2019). Net income: US$44.5m (up 9.2% from FY 2019). Profit margin: 7.5% (up from 6.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. 
