NOVT - Novanta Non-GAAP EPS of $0.74 beats by $0.10 revenue of $219.13M beats by $7.91M
2023-05-09 07:25:02 ET
- Novanta press release ( NASDAQ: NOVT ): Q1 Non-GAAP EPS of $0.74 beats by $0.10 .
- Revenue of $219.13M (+7.3% Y/Y) beats by $7.91M .
- Adjusted Diluted EPS was $0.74 in the first quarter of 2023, compared to $0.73 in the first quarter of 2022. The Company ended the first quarter of 2023 with 36.0 million diluted weighted average shares outstanding. Adjusted EBITDA was $47.0 million in the first quarter of 2023, compared to $43.6 million in the first quarter of 2022.
- Q2 Outlook: The Company expects GAAP revenue of approximately $222 million to $225 million. The Company expects Adjusted EBITDA to be in the range of $47 million to $49 million and Adjusted Diluted EPS to be in the range of $0.70 to $0.74. The Company’s guidance assumes no significant changes in foreign exchange rates.
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Novanta Non-GAAP EPS of $0.74 beats by $0.10, revenue of $219.13M beats by $7.91M