NOVT - Novanta Non-GAAP EPS of $0.73 beats by $0.10 revenue of $204M beats by $8.04M

Novanta press release (NASDAQ:NOVT): Q1 Non-GAAP EPS of $0.73 beats by $0.10. Revenue of $204M (+25.5% Y/Y) beats by $8.04M. For the second quarter of 2022, the Company expects GAAP revenue of approximately $205 million to $213 million ($195.96M consensus), demonstrating reported growth of 22% to 27%. The Company expects Adjusted Gross Profit Margin to be in the range of 45.0% to 46.0%. The Company expects Adjusted EBITDA to be in the range of $42 million to $44 million and Adjusted Diluted EPS to be in the range of $0.69 to $0.73 ($0.63 consensus). The Company’s guidance assumes no significant changes in foreign exchange rates.

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Novanta Non-GAAP EPS of $0.73 beats by $0.10, revenue of $204M beats by $8.04M