NOVANTA INC
For the period ended Sep 27, 2024. Filed Nov 5, 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.
Sep 27, 2024 · Filed Nov 5, 2024
NOVT$123.71-15.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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 | Nine Months Ended | |||
|---|---|---|---|---|
| September 27, | September 29, | September 27, | September 29, | |
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $244,405 | $221,503 | $711,185 | $670,093 |
| Cost of revenue | 135,190 | 119,912 | 397,865 | 366,751 |
| Gross profit | 109,215 | 101,591 | 313,320 | 303,342 |
| Operating expenses: | ||||
| Research and development and engineering | 23,253 | 22,022 | 70,230 | 68,230 |
| Selling, general and administrative | 44,319 | 39,648 | 132,642 | 122,758 |
| Amortization of purchased intangible assets | 6,589 | 5,131 | 19,246 | 15,344 |
| Restructuring, acquisition, and related costs | 2,499 | 4,481 | 7,325 | 8,191 |
| Total operating expenses | 76,660 | 71,282 | 229,443 | 214,523 |
| Operating income | 32,555 | 30,309 | 83,877 | 88,819 |
| Interest income (expense), net | (8,079) | (6,756) | (24,599) | (19,898) |
| Foreign exchange transaction gains (losses), net | (202) | (370) | (787) | (373) |
| Other income (expense), net | (49) | (189) | (220) | (546) |
| Income before income taxes | 24,225 | 22,994 | 58,271 | 68,002 |
| Income tax provision | 5,033 | 1,771 | 10,648 | 7,635 |
| Net income | $19,192 | $21,223 | $47,623 | $60,367 |
| Earnings per common share (Note 5): | ||||
| Basic | $0.53 | $0.59 | $1.33 | $1.68 |
| Diluted | $0.53 | $0.59 | $1.32 | $1.68 |
| Weighted average common shares outstanding—basic | 35,959 | 35,856 | 35,940 | 35,839 |
| Weighted average common shares outstanding—diluted | 36,129 | 36,041 | 36,116 | 36,024 |
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