Novanta Expects Q2 Revenue of $230M-$235M Vs $241.9M Est, Adj EPS of $0.68-$0.74 Vs $0.73 Est
$NOVT
Industrial Machinery/Components
Miscellaneous
Financial Guidance
For the second quarter of 2024, the Company expects GAAP revenue of approximately $230 million to $235 million. The Company expects Adjusted Gross Profit Margin to be approximately 46.0% to 46.3%. The Company expects Adjusted EBITDA to be in the range of $48 million to $50 million and Adjusted Diluted EPS to be in the range of $0.68 to $0.74. The Company's guidance assumes no significant changes in foreign exchange rates.