Novanta (NOVT) FY2015 results: revenue $374 million, up 2.4% on the year
Novanta Inc. (NOVT) reported revenue of $374 million for fiscal 2015, the year ended 31 December 2015, up 2.4% on the year before. Net income was $36 million, and diluted earnings per share $1.02. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2016.
Revenue
$374 million
+2.4% on the year
FY2009FY2015
Operating margin
7.7%
-4.6% a year earlier
FY2009FY2015
Net income
$36 million
FY2009FY2015
Diluted EPS
$1.02
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
374
365
317
+2.4%
Cost of revenue
216
215
185
+0.5%
Gross profit
158
150
132
+5.1%
Gross margin
42.3%
41.2%
41.7%
Research and development
31.0
29.0
23.8
+7.2%
Selling, general and administrative
82.0
84.4
76.3
-2.8%
Operating income
28.9
-16.8
19.4
Operating margin
7.7%
-4.6%
6.1%
Pre-tax income
46.0
-17.9
16.2
Income tax
10.4
-1.0
6.2
Effective tax rate
22.6%
n/a
38.3%
Net income
35.6
-24.3
7.3
Net margin
9.5%
-6.6%
2.3%
Diluted EPS
$1.02
-$0.70
$0.21
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
33.4
42.3
49.2
-21.0%
Capital expenditure
5.6
5.4
4.8
+2.5%
Free cash flow
27.9
36.9
44.4
-24.4%
Free cash flow margin
7.5%
10.1%
14.0%
Cash from investing
-1.6
-89.8
-73.0
Cash from financing
-21.5
40.3
18.6
Depreciation and amortisation
20.2
24.4
19.9
-17.3%
Share-based compensation
4.4
4.3
5.4
+1.3%
Buybacks
1.6
n/a
0.5
Diluted shares, weighted
35m
34m
34m
+1.4%
Shares outstanding at period end
34m
34m
34m
+0.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
245
211
242
+16.1%
Non-controlling interest
n/a
0.4
0.4
Debt
95.8
112
71.5
-14.7%
Other liabilities
75.5
72.7
64.9
+3.9%
Total liabilities and equity
416
396
379
+5.0%
Fixed assets
40.5
40.1
31.3
+1.2%
Goodwill
103
90.7
71.2
+14.0%
Intangible assets
66.3
67.2
65.3
-1.4%
Cash and equivalents
60.0
51.1
61.0
+17.2%
Receivables
57.2
51.5
48.6
+11.1%
Inventory
59.6
62.9
58.3
-5.4%
Other assets
29.1
32.6
43.2
-11.0%
Total assets
416
396
379
+5.0%
10-K for the year ended 31 December 2015, filed 2 March 2016: the filing.