Novanta Inc (OQ:NOVT)

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
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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

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