Description
Novanta: Unlocking Strategic Growth Through a $1.5 Billion Acquisition War Chest!
Novanta Inc. delivered a notably strong performance in its fourth quarter and full year earnings for 2025, achieving record revenue figures and significant bookings growth. The company reported a 9% year-over-year revenue growth for the fourth quarter, driven by 2% organic growth and a 4% sequential rise. Bookings increased by 25% year-over-year and 12% sequentially, resulting in a book-to-bill ratio of 1.11, indicating a strong backlog and positive future outlook. Every segment within Novanta demonstrated double-digit bookings growth, a milestone last achieved in 2022. For the full year, Novanta posted $981 million in revenue, marking its largest annual revenue to date. New product revenue surged over 60% for the year, with over 80% growth in the fourth quarter, reflecting the payoff from investments in commercial excellence and innovation. Adjusted EBITDA grew by 17% year-over-year in the quarter, and adjusted diluted EPS increased by 20%, underscoring the company’s solid profit performance.
