Novanta Inc. (NOVT)

Novanta Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	893.45	881.66	860.9	706.79	590.62	626.1
Revenue Growth (YoY)	2.01%	2.41%	21.80%	19.67%	-5.67%	1.91%
Cost of Revenue	490.77	481.77	482.43	406.47	346.11	364.01
Gross Profit	402.69	399.9	378.47	300.33	244.52	262.09
Selling, General & Admin	167.07	164.46	158.9	129.16	109.85	118.41
Research & Development	92.1	91.68	85.77	72.52	61	55.97
Other Operating Expenses	33.73	33.26	30.72	34.6	17.78	32.43
Operating Expenses	292.89	289.4	275.39	236.27	188.63	206.8
Operating Income	109.79	110.5	103.08	64.05	55.89	55.28
Interest Expense / Income	27.74	25.82	15.62	7.39	6.56	8.49
Other Expense / Income	1.12	0.93	0.3	0.5	0.92	1.02
Pretax Income	80.93	83.75	87.16	56.17	48.4	45.77
Income Tax	11.64	10.87	13.11	5.84	3.88	4.99
Net Income	69.29	72.88	74.05	50.33	44.52	40.77
Net Income Growth	-5.72%	-1.58%	47.13%	13.05%	9.19%	-16.97%
Shares Outstanding (Basic)	36	36	36	35	35	35
Shares Outstanding (Diluted)	36	36	36	36	36	36
Shares Change	0.36%	0.34%	0.36%	0.36%	0.30%	0.21%
EPS (Basic)	1.93	2.03	2.08	1.42	1.27	1.16
EPS (Diluted)	1.92	2.02	2.06	1.41	1.25	1.15
EPS Growth	-6.34%	-1.94%	46.10%	12.80%	8.70%	-19.58%
Free Cash Flow	119.97	100.18	71.27	74.85	129.72	52.55
Free Cash Flow Per Share	3.34	2.79	2.00	2.12	3.69	1.50
Gross Margin	45.07%	45.36%	43.96%	42.49%	41.40%	41.86%
Operating Margin	12.29%	12.53%	11.97%	9.06%	9.46%	8.83%
Profit Margin	7.76%	8.27%	8.60%	7.12%	7.54%	6.51%
Free Cash Flow Margin	13.43%	11.36%	8.28%	10.59%	21.96%	8.39%
Effective Tax Rate	14.38%	12.98%	15.04%	10.40%	8.02%	10.91%
EBITDA	156.48	156.18	155.93	106.95	93.26	92.54
EBITDA Margin	17.51%	17.71%	18.11%	15.13%	15.79%	14.78%
Depreciation & Amortization	47.81	46.61	53.16	43.39	38.29	38.28
EBIT	108.67	109.57	102.78	63.56	54.97	54.26
EBIT Margin	12.16%	12.43%	11.94%	8.99%	9.31%	8.67%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).