Overview

* Novanta ( NOVT ) 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 ( NOVT ) 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 ( NOVT ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $241 mln $238 mln

Revenue (3

Analysts

)

Q2 Beat $0.76 $0.73 (3

Adjusted Analysts

EPS )

Q2 $4.50

Consolid mln

ated Net

Income

Q2 Beat $52.20 $51.50

Adjusted mln mln (2

EBITDA Analysts

)

Q2 Beat $40.70 $39.90

Adjusted mln mln (3

Operatin Analysts

g Income )

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 ( NOVT ) 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:

(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.)