Robert Buckley

“In the first quarter, Novanta bookings increased 37% year-over-year with a book-to-bill ratio of 1.1, supporting a positive outlook and a growing backlog. All of Novanta's businesses had double-digit bookings growth versus the prior year and all had revenue growth versus the prior year.”

“I'll start by reviewing some of the key performance metrics of the company. In the fourth quarter, Novanta bookings increased 25% year-over-year and 12% sequentially, with a book-to-bill of 1.11, indicating a stronger backlog and a positive outlook.”

“Our third quarter 2025 non-GAAP adjusted gross profit was $115 million or 46.5% adjusted gross margin compared to $113 million or 46.2% adjusted gross margin in 2024.”

“Our second quarter 2025 non-GAAP adjusted gross profit was $111 million or 46.1% adjusted gross margin compared to $110 million or 46.6% adjusted gross margin in the second quarter of 2024.”

“Our first quarter 2025 non-GAAP adjusted gross profit was $108 million, or a 46% adjusted gross margin compared to $107 million, or a 46% adjusted gross margin in the first quarter of 2024.”