Filing Flows › Novanta (NOVT) › Q4 2024
Novanta (NOVT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 25, 2025
Novanta (NOVT) reported revenue of $238M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and -3% from the quarter before. Operating margin was 11.2%, net earnings $16.5M (6.9% of revenue).
Novanta, Q4 2024: revenue $238M (+12% year over year), operating margin 11.2%, net earnings $16.5M, operating cash flow $61.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $238M | -3% | +13% |
| Gross profit | $108M | -0.9% | +12% |
| Operating profit | $26.7M | -18% | +23% |
| Net earnings | $16.5M | -14% | +32% |
| Operating cash flow | $61.6M | +167% | +58% |
| Free cash flow | $59.3M | +205% | +81% |
What changed
Revenue was $238.1M in Q4 2024, up 13% year over year and down 3% from the previous quarter.
Gross margin was 45.5%, down 0.2 points from a year earlier. Operating profit was $26.7M, a 11.2% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 10% margin then. Operating expenses grew 9% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+33%). Net earnings were $16.5M, up 32% year over year. The effective tax rate was 20.8%.
Operating cash flow was $61.6M (up 58% year over year), 374% of net earnings. Non-cash charges added back $14.4M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items added $26.1M. Capital expenditures of $2.2M left free cash flow of $59.3M.
Questions
What was Novanta's revenue in the fourth quarter 2024?
Novanta (NOVT) reported revenue of $238M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and -3% from the quarter before.
Was Novanta profitable in the fourth quarter 2024?
Operating profit was $26.7M (11.2% of revenue) and net earnings $16.5M.
Source: Novanta 10-K on SEC EDGAR.