NOVT - Novanta Non-GAAP EPS of $0.78 beats by $0.06 revenue of $215.34M beats by $6.27M raises FY guidance
- Novanta press release ( NASDAQ: NOVT ): Q2 Non-GAAP EPS of $0.78 beats by $0.06 .
- Revenue of $215.34M (+28.6% Y/Y) beats by $6.27M .
- Guidance:
- For the third quarter of 2022, the Company expects GAAP revenue of approximately $214 million to $216 million, demonstrating reported growth of 20% to 22%. The Company expects Adjusted Gross Profit Margin to be approximately 46.0%. The Company expects Adjusted EBITDA to be in the range of $43.5 million to $45.5 million and Adjusted Diluted EPS to be in the range of $0.71 to $0.76.
- For the full year 2022, the Company expects GAAP revenue of approximately $848 million to $852 million, demonstrating reported growth of 20% to 21%. The Company expects Adjusted Gross Profit Margin to be approximately 46.0%. The Company expects Adjusted EBITDA to be in the range of $177 million to $180 million and Adjusted Diluted EPS to be in the range of $2.96 to $3.02. The Company’s guidance assumes no significant changes in foreign exchange rates.
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Novanta Non-GAAP EPS of $0.78 beats by $0.06, revenue of $215.34M beats by $6.27M, raises FY guidance