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Novanta Inc - NOVT STOCK NEWS

Welcome to our dedicated news page for Novanta (Ticker: NOVT), a resource for investors and traders seeking the latest updates and insights on Novanta.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Novanta's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Novanta's position in the market.

Rhea-AI Summary
Novanta Inc. (NOVT) to release first quarter 2024 results on May 7, 2024, and host a conference call to discuss the results. Access details provided for both phone and online participation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.88%
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Rhea-AI Summary
Novanta Inc. (NOVT) reports impressive financial results for full year 2023, with GAAP revenue of $882 million and net income of $73 million. The company's adjusted EBITDA stands at $196 million, showcasing strong performance. The recent acquisition of Motion Solutions further enhances Novanta's presence in the medical and precision medicine space. Financial guidance for 2024 indicates continued growth and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.45%
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Rhea-AI Summary
Novanta Inc. (NOVT) will release its Q4 and full year 2023 results on February 28, 2024, and host a conference call to discuss the results. The call can be accessed via phone or webcast, with a replay available on the company's website until April 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
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Rhea-AI Summary
Vantedge Medical (Vantedge) appoints Brian King as CEO and Chairman, bringing 25 years of healthcare industry experience. Brian's leadership at Viant Medical and Covidien led to significant revenue growth and global expansion. With a strong educational background and philanthropic involvement, Brian aims to lead Vantedge to become the premier metals-based MedTech solutions partner.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
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Rhea-AI Summary
Novanta Inc. (Nasdaq: NOVT) has completed the acquisition of Motion Solutions, a strategic fit offering high-precision, customized precision motion subsystems and components to market-leading OEMs. The acquisition strengthens Novanta's presence in precision medicine applications and creates potential for new intelligent subsystems using combined technology offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.16%
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Rhea-AI Summary
Novanta Inc. (NOVT) executives to present at CJS Securities 24th Annual New Ideas for the New Year Investor Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.39%
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conferences
Rhea-AI Summary
Novanta Inc. (NOVT) to Present at J.P. Morgan 42nd Annual Healthcare Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
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Rhea-AI Summary
Novanta Inc. (Nasdaq: NOVT) announced the acquisition of Motion Solutions, a leading provider of highly engineered integrated solutions, for $189 million. Motion Solutions is expected to generate approximately $85 million in revenue in 2023. The acquisition aims to add complementary motion subsystem solutions to Novanta’s product portfolio, providing greater exposure to leading OEM customers in markets such as spatial biology, genomics, proteomics, medical robotics, and lab automation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.06%
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Rhea-AI Summary
Novanta Inc. (Nasdaq: NOVT) reported third-quarter 2023 GAAP revenue of $222 million and GAAP net income of $21 million. Adjusted EBITDA was $52 million, and Adjusted Diluted EPS was $0.85. The company expects fourth-quarter GAAP revenue of $208M to $212M and Adjusted EBITDA of $42M to $45M.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.51%
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Rhea-AI Summary
Novanta to present at Baird 2023 Global Industrial Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
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conferences
Novanta Inc

Nasdaq:NOVT

NOVT Rankings

NOVT Stock Data

5.85B
35.50M
0.86%
101.3%
4.8%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
United States
Bedford

About NOVT

novanta (nasdaq: novt) delivers innovations that matter for its medical and advanced industrial oem customers. if you have a passion for solving complex technical problems that lead to breakthrough performance and that enhance people's lives, come join our growing team. here is a sample of the many exciting applications we serve: • innovations that ensure the safety of patients and efficient workflows in hospitals using our novel rfid technology • innovations in additive manufacturing, also known as 3-d metal printing, using our lightning fast lasers and laser beam steering sub-systems • innovations in minimally invasive surgery using our highly reliable insufflators, pumps and visualization systems • innovations in robotics and automation using our precision motors, encoders and drives for superior accuracy • innovations in smartphone production using our fast, accurate lasers and laser beam steering equipment along with our precision motion systems the driving force behind our grow