NOVANTA INC
For the period ended Mar 29, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2024 · Filed May 7, 2024
NOVT$123.71-15.3%Stored close · as of Nov 10, 2026
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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of U.S. dollars or shares, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| March 29, | March 31, | |
| 2024 | 2023 | |
| Revenue | $230,916 | $219,126 |
| Cost of revenue | 130,500 | 121,498 |
| Gross profit | 100,416 | 97,628 |
| Operating expenses: | ||
| Research and development and engineering | 23,246 | 22,828 |
| Selling, general and administrative | 43,530 | 40,923 |
| Amortization of purchased intangible assets | 5,750 | 5,089 |
| Restructuring, acquisition, and related costs | 2,283 | 2,476 |
| Total operating expenses | 74,809 | 71,316 |
| Operating income | 25,607 | 26,312 |
| Interest income (expense), net | (8,254) | (6,332) |
| Foreign exchange transaction gains (losses), net | (321) | (77) |
| Other income (expense), net | (116) | (166) |
| Income before income taxes | 16,916 | 19,737 |
| Income tax provision | 2,240 | 1,472 |
| Net income | $14,676 | $18,265 |
| Earnings per common share (Note 5): | ||
| Basic | $0.41 | $0.51 |
| Diluted | $0.41 | $0.51 |
| Weighted average common shares outstanding—basic | 35,914 | 35,810 |
| Weighted average common shares outstanding—diluted | 36,127 | 35,999 |
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