Sector: Technology | Industry: Electronic Equipment & Parts |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 125 Middlesex Turnpike BEDFORD MA 01730-1409 |
Tel: | 1-781-2665137 |
Website: | https://www.novanta.com |
IR: | See website |
Key People | ||
Matthijs Glastra Chairman of the Board, Chief Executive Officer | Robert J. Buckley Chief Financial Officer | Brian S. Young Chief Human Resource Officer | Michele Davis Welsh General Counsel, Company Secretary |
Business Overview |
Novanta Inc. is a supplier of core technology solutions, which give medical and advanced industrial original equipment manufacturers. The Company has three segments. Precision Medicine and Manufacturing segment designs, manufactures and markets photonics-based solutions, including laser scanning, laser beam delivery, carbon dioxide laser, solid state laser, ultrafast laser, and optical light engine products to customers worldwide. Medical Solutions segment designs, manufactures and markets a range of medical grade technologies, including medical insufflators, pumps and related disposables; visualization solutions; wireless technologies, video recorders and video integration technologies, and others. Robotics and Automation segment designs, manufactures and markets optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, and air bearing spindles to customers worldwide. |
Financial Overview |
For the fiscal year ended 31 December 2023, Novanta Inc revenues increased 2% to $881.7M. Net income decreased 2% to $72.9M. Revenues reflect Medical Solutions segment increase of 17% to $325.2M, Precision Medicine and Manufacturing segment increase of 3% to $283M, United States segment increase of 12% to $418.3M, Rest of Asia-Pacific segment increase of 4% to $105.4M, other segment increase of 6% to $19.3M. |
Employees: | 2,900 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $5,799M as of Dec 31, 2023 |
Annual revenue (TTM): | $881.66M as of Dec 31, 2023 |
EBITDA (TTM): | $172.42M as of Dec 31, 2023 |
Net annual income (TTM): | $72.88M as of Dec 31, 2023 |
Free cash flow (TTM): | $100.11M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $253.97M as of Dec 31, 2023 |
Shares outstanding: | 35,890,859 as of Mar 25, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |