Filing Flows › Novanta (NOVT) › Q1 2025
Novanta (NOVT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Novanta (NOVT) reported revenue of $233M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -2% from the quarter before. Operating margin was 13.9%, net earnings $21.2M (9.1% of revenue).
Novanta, Q1 2025: revenue $233M (+1% year over year), operating margin 13.9%, net earnings $21.2M, operating cash flow $31.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $233M | -2% | +1% |
| Gross profit | $104M | -4% | +4% |
| Operating profit | $32.4M | +21% | +27% |
| Net earnings | $21.2M | +29% | +45% |
| Operating cash flow | $31.7M | -49% | -3% |
| Free cash flow | $27.4M | -54% | +4% |
What changed
Revenue was $233.4M in Q1 2025, up 1% year over year and down 2% from the previous quarter.
Gross margin was 44.7%, up 1.2 points from a year earlier. Operating profit was $32.4M, a 13.9% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 278% reached operating profit, above the 11% margin then. Operating expenses fell 4% while revenue rose 1%. Net earnings were $21.2M, up 45% year over year. The effective tax rate was 19.7%.
Operating cash flow was $31.7M (down 3% year over year), 149% of net earnings. Non-cash charges added back $13.6M of depreciation and amortization and $7.1M of share-based compensation. Working capital and other items used $10.2M. Capital expenditures of $4.3M left free cash flow of $27.4M.
Questions
What was Novanta's revenue in the first quarter 2025?
Novanta (NOVT) reported revenue of $233M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -2% from the quarter before.
Was Novanta profitable in the first quarter 2025?
Operating profit was $32.4M (13.9% of revenue) and net earnings $21.2M.
Source: Novanta 10-Q on SEC EDGAR.